VANCOUVER, BC / ACCESSWIRE / February 4, 2019 / Weekend Unlimited Industries Inc. ("Weekend" or the "Company") (CSE:POT)(FSE:0OS1)(OTCQB:WKULF) is excited to announce the Company will be deploying True North Cannabis's specialized product upgrade process for the 2020 organic biomass grown on the Northern Lights Organics farm in Northern British Columbia.
"Our recent partnership with True North allows us to leverage their specialized product upgrading process which will essentially raise the CBD percentage, while at the same time lowering the volume, which lowers the cost for extraction," said Weekend President and CEO Chris Backus. "Given the nature of CBD and current market conditions, extraction costs on lower potency biomass often drives down profit margins. By engaging in this process with True North, we will decrease the volume of biomass volume for extraction and increase CBD potency, allowing us to effectively position our product in a competitive biomass market."
"Based on past numbers and analysis done on Northern Lights research crops, we are excited to leverage our upgrade process on the 2020 crop from Northern Lights Organics. Although every process in unique with outcomes, we are confident we will see similar results in terms of substantially increasing the CBD potency, while reducing the overall biomass required to be extracted," said True North CEO Shayne Hamilton. "This process enhances the overall efficiency of biomass in CDB extraction."
For further information, please contact:
Mr. Chris Backus, President & CEO, Director
Telephone: 1(236) 317-2812
E-mail: [email protected]
About Weekend Unlimited Industries Inc.
Weekend Unlimited is a lifestyle-based recreational cannabis company. The Company is developing premium products designed to deliver life's highs, anytime, anywhere. With a presence in both the U.S. and Canada, Weekend Unlimited is well-positioned to launch and scale the brands that will define recreational cannabis. Learn more at www.weekendunlimited.com
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Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management's current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "forecasts", "predicts", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
SOURCE: Weekend Unlimited Inc.