Emerging Markets Report

Expand the Brand

Distribution & Sales Ultimately Prove Product Viability, Portend Opportunity

An Emerging Markets News Commentary

ORLANDO, Fla., June 16, 2020 (GLOBE NEWSWIRE) -- The cannabis revolution is clear and ongoing. Signs for dispensaries are everywhere in legalized cannabis states, including the addition of CBD ingredients to everyday products.

If there was a turning point for acceptance of cannabis-based products it was years, not months ago.

With market expansion comes a flood of product and public company offerings. How does a consumer differentiate between one product and another? Moreover, how does an investor differentiate between one THC and CBD based public company and another?

For us, it’s about distribution and sales which ultimately lead to the most defining of metrics, net revenue.

To this end, a Canadian company with a cool stock ticker on the CSE  (CSE: POT) and a tri listing with the CSE listing and on the United States and German stock exchanges, Weekend Unlimited Industries Inc. (OTCQB:WKULF)(FSE: 0OS1) is making in-roads.

In their June 15th, 2020 press release, Weekend Unlimited reported record revenues of Cdn$376,104 and gross profit of 10% for the third quarter 2020 up to the date of June 15, 2020 (the third quarter ends on June 30, 2020), a revenue increase of 1,138% from Q2. These results reflect sales of WKND and Orchard Heights branded cannabis products in Oklahoma and WKND Wellness CBD and health products sold between April 1st, 2020 thru June 15th, 2020 in the Q3 2020.

“This is a pinnacle moment for Weekend Unlimited that still has another two weeks to go in Q3. It is incredibly exciting to see these revenues and corporate  profits.  Being a Cannabis company with no debt (with the exception of $29,170 of accounts payable and accrued liabilities), and products rapidly gaining in popularity, we are very optimistic leading into Q4,” said Mr. Robert Payment, Weekend CFO.

“Despite the pandemic environment we are generating record numbers in both revenue and gross profit.  After going to market with an initial strategy focused on high volume, low margin products that would give WKND brands maximum exposure, the Company is now positioned to decrease cost of goods through high volume orders, while continuing our attempt to increase overall sales and gross profit,” stated Mr. Chris Backus, WKND! President/CEO. “As our product lines and distribution continue to expand and our brands continue to gain awareness in the United States, we are well-positioned to take advantage of the exciting US Cannabis and Wellness market.”