Weekend Unlimited’s Alliance With Boggy Boon Accelerates Washington Expansion


Ryan Allway

February 7th, 2019

Exclusive, News, Top News


As one of the first states to legalise the sale of cannabis for recreational use, Washington’s infrastructure is mature compared to other US markets, with $3.9 billion in total sales. Weekend Unlimited Washington’s Orchard Heights Growers and Boggy Boon are both key players in the Washington market, and their combined resources and facilities are expected to strengthen their position.

Cannabis lifestyle brand Weekend Unlimited (CSE: POT – FSE: 0OS1 – OTCMKTS: WKULF) announced January 22nd it has signed an arms-length letter of intent to provide processing and distribution facilities to Boggy Boon branded cannabis company Seven Hills.

Strategic Alliance

Under the terms of the agreement, Weekend Unlimited Washington will provide Seven Hills with financing over nine months which will be used to upgrade its facilities, with the option to acquire 100% of Seven Hills for USD $1.5 million. Boggy Boon is an established Tier 3 producer/processor, operating in a custom cannabis greenhouse constructed in 2016 to enable premium production.

“Boggy Boon branded cannabis is cultivated in a 28,000 sq. ft. facility located in Wenatchee, Washington where Weekend’s wholly owned subsidiary Orchard Heights Growers is also located. As a result of this arrangement, Boggy Boon will be able to dedicate its operation entirely to cultivation with an anticipated increase in efficiency of 40%, with the current year run rate of $2M growing to $2.8M,” explained Paul Chu, Weekend’s President and CEO.

Infrastructure Optimization

Weekend’s Wenatchee facility provides synergy and optimization, which should increase the company’s revenue and reduce operating expenses, which in turn will increase profit margins. The strategic partnership will also allow Orchard Heights to diversify the products available to its sales channel, and enable the sale of Weekend Unlimited’s brands to Boggy Boon’s 130 existing retail accounts.

“The Washington market is mature and consumers are becoming more loyal to established brands like Boggy Boon. This is an ideal alliance where each entity was looking to develop the infrastructure that the other already has in place. By forming this alliance both will accelerate their market penetration and fully utilize existing infrastructure to grow,” added Paul Chu.

Immediate dividends

Within the first week of the alliance being announced, Boggy Boon and Orchard Heights secured orders for delivery. The increased capacity has allowed for accelerated processing and packaging to satisfy the demands of B2B white label accounts, a key target market for Boggy Boon.

“With the alliance with Boggy Boon, the Weekend Unlimited Washington will have entered into strategic partnerships with two independent indoor/outdoor cultivation facilities with synergistic production and logistics capacity in Washington State. Its strategic operating tenants, Orchard Bloom and Boggy Boon will seize upon the immediate increase in capacity and resources as a result of the deal to expand product lines and distribution,” explained Chu.

Increased Capacity

Boggy Boon projects that it will double its production and increase revenue beyond 2018’s $1,972,562. In the first month of 2019, Boggy Boon is on target to achieve its largest retail sales month on record. Having outgrown its initial facility, Boggy Boon will work with Orchard Heights’ brand processor facility to fill upcoming orders. The deal will allow the two companies to combine infrastructure and add immediate capacity for Boggy Boon.

In collaborating with Orchard Heights, Boggy Boon now has access to its greatest level of national exposure yet, and demand for the brand in Washington is reaching new heights. Renovations on the Orchard Heights facility are underway, and it is anticipated to be fully online by the end of Q1 2019.

Once completed, the Orchard Heights Wenatchee facility will be a nursery, processing and distribution center, with a concentrate lab for manufacturing infused and vape products. The advanced Washington market is expanding into higher margin growth segments, such as infused edibles, concentrates and vaping oils. Weekend Unlimited plans to capitalise on this market growth; its recent acquisition of Verve Beverage gives the company an accelerated model to launch into CBD-infused beverages, which is projected by some analysts to be a $600 million industry by 2022. The market for edibles and other alternatives are predicted to outperform the sales of flower as consumers increasingly look for other ways of ingesting THC and CBD.

Weekend Unlimited aggregates and scales small to medium brands, primarily in the categories of flower, extracts and edibles. The company is a cross border, multi state operator with brands including Canna Candys & Canna Medibles, Verve Beverage Company, Orchard Heights Growers, and has announced its Northern Lights Supply retail operation in Alberta – to serve its brand growth, the company has launched Weekend Unlimited Live in the US, a live-event concept featuring special branded events to raise the profile of its product brands.

For more information, please visit https://www.weekendunlimited.com/

For further information, please contact:

Mr. Paul Chu, President and CEO

Telephone: 1 (236) 317-2812  – Toll free 1(888) 556-YOLO (9656)

E-mail: [email protected]

Disclaimer

The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/

Ryan Allway

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.


Network Partners

Follow Us on Social Media

About CFN Media

CFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.

CFN launched in June of 2013 to initially serve the growing universe of publicly traded marijuana companies across North America. Today, CFN Media is also the digital media choice for the emerging brands in the space.

Learn How Your Company can Be Covered on CFN Media

Learn More About the CFN Media Sponsored Content Program

Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

Copyright © Accelerize Inc. · All Rights Reserved · Privacy Policy · Legal Disclaimer

loading