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Re-positioning of highly successful Verve Energy, which had $230 Million (over 7 years) in direct sales previously, along with Champ Energy, will accelerate launch of CBD Infused Beverages in the US
VANCOUVER, BC, CANADA (November 13th, 2018) – Weekend Unlimited Inc. ("Weekend" or the "Company") (CSE: YOLO – FSE: 0OS1) is providing additional detail on its arms length letter of Intent to acquire Verve Beverage Company.
“Through this acquisition, Weekend Unlimited will add the strength of a very popular brand in Verve Energy, that was undervalued due to its direct sales history, but has a tremendous following due to its quality and effectiveness,” said Cody Corrubia, Weekend Unlimited President and CEO. “We have the opportunity to re-position the Verve brand and build it out in North American with an existing base of support. Verve Beverage Company has a high-profile position as an official partner of the NHL’s San Jose Sharks,” added Mr. Corrubia.
Verve Energy highlights:
“Securing the Champ Energy brand provides us an accelerated model to launch into CBD infused beverages, and grow strong distribution relationships as a result of having both the Verve and Champ product lines,” noted Mr. Corrubia.
Champ Energy Highlights:
HEALTHY BEVERAGES NANO INFUSED WITH CBD AND MTC OIL
Subject to the completion of due diligence, the Company has agreed to issue 50 million of its common shares in exchange for 100% of the company holding these two brands. The brands are held subject to a 20 year license agreement which provides for a 3% royalty on sales. The Company has entered into a secured US $ 2 million loan facility pending closing, of which $750,000 USD has been advanced.
For further information, please contact:
Telephone: 1 (236) 317-2812
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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