Weekend Unlimited debuts on Canadian Securities Exchange

Weekend Unlimited Inc (CSE:YOLO) debuted on Monday on the Canadian Securities Exchange, rising more than 83% from its IPO price to trade as high as C$0.285 in late afternoon business.

The stock closed on Monday at C$0.27, up 80% on the day.

The company is the result of a 1:2 consolidation in the previously announced combination of Open Source Health Inc and Weekend Unlimited, a private company which holds interests in various cannabis-related companies. The resulting company continues under the name Weekend Unlimited. All of the assets previously held by Open Source in the on-line health space have been sold.

Weekend Unlimited has built momentum in the lead up to going public, with an existing portfolio in Washington State, Orchard Heights Growers, British Columbia, Northern Lights Organics and internationally, and Jerome Baker Designs in the effort to build a foundation for growth. 

With assets secured in British Columbia, Washington State and internationally through Jerome Baker Designs, Weekend Unlimited is establishing itself as an integrated cannabis company.

Jerome Baker Designs has a pending launch of its CBD line of products in the fall of 2018.

Northern Lights Organics will become Canada’s first high CBD-focused hemp and cannabis farm, grown from certified organic soils with the final products likewise certified as organic. The Northern Lights Organics Campus will include an extraction facility for CBD hemp oils and concentrates. 

Orchard Heights Growers in Washington State are focused on premium quality indoor cultivation and processing. The company provides a combination of mixed light greenhouses with a processing room for extraction.

Reporting by Rene Pastor; contactable on [email protected]

Story by ProactiveInvestors