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Weekend Unlimited has signed a letter of intent to provide processing and distribution facilities to Boggy Boon.

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As a result of this alliance, Weekend Unlimited’s Washington subsidiary, “Orchard Heights” will have more diverse products to offer its sales channel and will be able to sell Weekend brands through the existing 130 Boggy Boon retail accounts.

Additional Information:

Company: Weekend Unlimited
Website: http://www.weekendunlimited.com
Stock Symbol: CSE: YOLO
Date Published: Jan 22, 2019
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

Weekend Unlimited has signed a letter of intent to provide processing and distribution facilities to Boggy Boon.

Boggy Boon, a Tier 3 producer and processor, is located in Wenatchee, Washington.

Boggy Boon products, through its branded cannabis company “Seven Hills”, are widely available across Washington State.

As a result of this alliance, Weekend Unlimited’s Washington subsidiary, “Orchard Heights” will have more diverse products to offer its sales channel and will be able to sell Weekend brands through the existing 130 Boggy Boon retail accounts.

Under the terms of the agreement, Weekend Unlimited, through a Washington State subsidiary, will provide Seven Hills a loan of up to US$750,000 in three equal tranches over 9 months to upgrade its facilities

Weekend will also have an option to acquire 100% of Seven Hills for US$1,500,000.

Paul Chu, President and CEO of Weekend Unlimited, stated: “Boggy Boon branded cannabis is cultivated in a 28,000 sq ft. facility located in Wenatchee, Washington where Weekend's wholly owned subsidiary Orchard Heights Growers is also located. As a result of this arrangement, Boggy Boon will be able to dedicate its operation entirely to cultivation with an anticipated increase efficiency of 40%, with the current year run rate of $2M growing to $2.8M. The Washington market is mature and consumers are becoming more loyal to established brands like Boggy Boon. Boggy Boon is ranked in the top 5% of all brands in Washington State and we feel this is an ideal partnership where each entity was looking to develop the infrastructure that the other already has in place. By forming this alliance both will accelerate their market penetration and fully utilize existing infrastructure to grow.”

Through a hands-on approach including hand-watering, hand-harvesting, hand-trimming and hand-packaging, Boggy Boon has built a reputation for providing some of the highest quality flower available in Washington.

Boggy Boon’s “9 Lb. Hammer”, said to deliver sedating effects as heavy as the mythical John Henry's hammer made famous in song by the likes of Johnny Cash, was selected the Seattle publication “The Stranger” as one of the top five strains available in Seattle.

Weekend Unlimited, which began trading on the CSE on October 15th, is currently trading at $0.125.

For more information, please visit the company’s website at www.weekendunlimited.com or contact Paul Chu, President and CEO, at 236-317-2812 or email ir@weekendunlimited.com.

I’m Samantha Deutscher for Investmentpitch Media