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New Leadership to Ramp Up Operations and Generate Revenue from the Company's Brand Portfolio
NEW YORK, NY / ACCESSWIRE / May 1, 2019 / Weekend Unlimited Inc. ("Weekend" or the "Company") (CSE: POT - FSE: 0OS1 - OTCQB: WKULF) is announcing the appointment of Chris Backus as Interim President & CEO following the resignation of Paul Chu, who previously held the position.
The Company's Board of Directors have received the resignation of Paul Chu and appointed board member Chris Backus to the position of Interim President & CEO, effective immediately.
''On behalf of the Board of Directors, we wish Paul Chu the best in the future and thank him for applying his consumer-packaged goods knowledge toward the development of the Company's new wknd! brand product line,'' said Director, Kevin Ernst. ''We are excited to move forward with Chris in position to lead the Company to its full potential; he will be primarily focused on delivering results for our shareholders.''
Mr. Backus will be focused in the near-term on the priorities of leading the launch of the newly developed wknd! brand product line, generating revenues with CHAMP and Verve beverages in the USA, and the ramp up of the Northern Lights Organics hemp farm in Canada. The Company has developed a strong brand portfolio, led by its wknd! brand, and is focused on generating revenues from its portfolio on behalf of shareholders.
''I am energized to accept this leadership role with Weekend Unlimited. Working with the Board and the team, my focus is entirely toward harnessing the Company's assets to deliver results for shareholders,'' said Mr. Backus. ''This means an immediate mandate to execute on ready-to-go initiatives that will drive revenues while building strong consumer awareness of the Company's brands. Simultaneously, we will responsibly advance our initiatives supporting growth in the longer term.''
Chris Backus, who was appointed to Weekend's Board in March 2019, is a former Senior Officer and Manager with the Royal Canadian Mounted Police (RCMP). In that capacity Mr. Backus developed an advanced understanding of the cannabis industry leading up to recreational legalization in Canada. Specifically, Chris has specialized experience and knowledge of the cannabis industry as it pertains to the areas of cultivation, production, retail operations and regulatory frameworks. As Weekend identifies new opportunities for growth in rapidly changing legal environments in both Canada and the United States, the Company will strive to lead the industry in establishing the highest standards and best practices.
In addition, Mr. Backus holds a Master's degree from Royal Roads University specializing in strategic communications and interest-based negotiations. Mr. Backus has worked internationally with the United Nations as a strategic advisor to peace keeping operations and negotiations in Cote D'Ivoire (Ivory Coast, West Africa). Mr. Backus has also served as a business and leadership consultant in the fields of venture capital, technology, law enforcement, retail and real estate development.
For further information, please contact:
Mr. Chris Backus, Interim President & CEO, Director
Telephone: 1(236) 317-2812 - Toll free 1(888) 556-9656
About Weekend Unlimited 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 U.S. operations based in, or being negotiated in Arizona, California, Oklahoma, and Washington, international presence in Canada and Jamaica, and a unique entertainment and education division (Weekend Live!), Weekend Unlimited is well-positioned to launch and scale the brands that will define recreational cannabis. Learn more at www.weekendunlimited.com.
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
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.
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