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Weekend Unlimited Announces Acquisition of Verve Beverage Company (VBC)

VBC Brands, Verve and CHAMP Energy poised to capitalize upon national brand presence in the United States

VANCOUVER, British Columbia – January 22, 2019 /Canna Newswire/ –  Weekend Unlimited Inc. (“Weekend” or the “Company”) (CSE: YOLOFSE: 0OS1) is pleased to announce the closing of its previously announced (November 13, 2018) acquisition of Verve Beverage Company (VBC).

“With the addition of Verve we now have a platform for Weekend to expand both its distribution and product offerings, THC by state where legal and CBD across the country. This distribution network will allow us to grow and manage indirect channel and big box placements nationwide for multiple brands in our portfolio,” said Mr. Paul Chu, Weekend president and CEO.

“Verve is a premium energy beverage with over $236 million USD in historical sales in the direct to consumer channel. VBC Brands owns the exclusive distribution license to launch this proven brand into retail stores in the US, Canada and Mexico, leveraging over $150 million dollars spent in marketing and developing the brand,” said Mr. Bradley Robb, president of VBC Brands.

“VBC’s CHAMP CBD and non-CBD beverages serve to extend our opportunities in the wellness industry, positioning the Company’s line to take advantage of growing demand as the market shifts in attitude, and legislatively, regarding quality cannabinoid products,” explained Mr. Robb. “As the official energy drink of the NHL’s San Jose Sharks, CHAMP sales and distribution will be initially focused in the California market,” added Mr. Robb.

Verve and CHAMP Highlights:

  • Verve is uniquely positioned in the beverage market with a proven product and a recognized brand.
  • Functional beverages is one of the highest growth categories in the beverage industry
  • $100+ million spent developing the Verve brand globally
  • Verve is physician formulated & clinically studied
  • The Verve brand has sold $235+ million in historical direct to consumer sales, now positioned for retail distribution roll-out – the sales generated gross margins of approximately 50 percent
  • Verve is launching a CBD infused beverage in 1st quarter 2019
  • CBD-infused beverages are expected to become a $600 million market in the United States by 2022 according to Canaccord Genuity as reported in Bloomberg*
  • VBC is introducing new emerging beverage brands such as Champ Energy under its exclusive distribution license
  • Champ Energy is the official energy drink of the NHL’s San Jose Sharks
  • VBC plans to launch additional CBD infused products and has plans to grow its retail footprint through its distribution network and retailer relationships throughout the United States in beginning in January 2019
  • Website for VBC: www.vbcbrands.com

The Company will issue 60 million common shares to the shareholders of VBC. One half of those shares will be held pursuant to voluntary escrow agreements, that see 20% released immediately and the balance in equal installments every 6 months over the next 3 years.

*  https://www.bloomberg.com/news/articles/2018-09-27/cannabis-laced-drinks-seen-as-600-mln-market-in-u-s-by-2022

About Weekend Unlimited
Weekend Unlimited aggregates and scales small to medium brands, primarily in the categories of flower, extracts, and edibles. Weekend Unlimited brands have best of class operations, distribution, and strong revenue trajectories, making them ideal candidates for the deployment of capital and expertise through access to technologies, infrastructure, and centralized systems. For more information, log on to www.weekendunlimited.com.

Follow Weekend Unlimited on Twitter: @WeekndUnlimited

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Media Contact:
Janet Vasquez
JV Public Relations NY
jvasquez@jvprny.com
+1 212-645-5498

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.

   

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