Twitter Facebook LinkedIn YouTube

Weekend Unlimited extends Canna Candy Brand with Initial Order for US$350,000 and New Distribution to Northeast, Midwest and Southeast USA

Video Platform Video Management Video Solutions Video Player

The agreement with Infinity One to distribute Canna Candys products will begin with a rollout of 1 million gummies per month, with additional SKUs to follow beyond candies and gummies.

Additional Information:

Company: Weekend Unlimited
Website: http://www.weekendunlimited.com
Stock Symbol: CSE: POT
Date Published: Feb 8, 2019
Transcript: Available

Video Transcript:

I’m Erica James for Investmentpitch Media

Weekend Unlimited announced an exclusive distribution agreement with Infinity One LLC., to introduce its Canna Candy brand product beyond California, into the US Northeast, Midwest and Southeast regions.

Paul Chu, President and CEO, stated: "This is an exciting step for Canna Candys and Weekend. It represents the first of many deals to expand into new markets with our products. The first order is for Canna Candys, 5 mg 99.6% Hemp Oil extract (0% THC) mixed fruit gummies in gummy packs containing 20 servings.”

The agreement with Infinity One to distribute Canna Candys products will begin with a rollout of 1 million gummies per month, with additional SKUs to follow beyond candies and gummies.

The initial month's purchase order is for US$350,000.

Rae Kim, President of Infinity One, stated: "Infinity One, LLC is proud to become a master dealer for Weekend Unlimited. The first month's allotment of 1 million pieces of Canna Candys' fruit gummies will be distributed through our sales channels and distribution network beginning in the Northeast, Midwest and Southeast.”

Following Weekend's Consumer Packaged Goods strategy, Infinity One will focus on sales through supermarket chains, pharmacies and convenience stores.

Rae Kim added: "We have existing relationships with HSN, Target, Bed Bath & Beyond and Amazon in addition to our vast indirect sales channels. Most of our chain store accounts range from 200 to 400 retail locations. The plan we have developed with Weekend sees us expanding in the second phase to add edibles and beverage products to our product line as we expand distribution in these regions and add Texas in the coming months.”

Subsequent orders will depend on the success of the products.

The distribution agreement is for one year, with options to renew.

Weekend Unlimited, which began trading on the CSE on October 15th, is currently trading at $0.185.

For more information, please visit the company’s website at www.weekendunlimited.com or contact Paul Chu, President and CEO, at 1-888-556-9656 or email ir@weekendunlimited.com.

I’m Erica James for Investmentpitch Media