“With a recent clearing of 170 acres, the Northern Lights Organics farm currently has 468 acres cleared in total. We are building capacity and capabilities so that we can pursue high CBD hemp opportunities as the Canadian regulations open up later this year,” said Mr. Art Halleran, President, Northern Lights Organics.
The two 3000ft2 hoop greenhouses purchased in late 2018 have been constructed and are now connected to the BC Hydro electrical grid. The premium cannabis style lighting, rolling benches, dehumidification, heating and automatic irrigation systems are being installed at present.
The 6000ft2 greenhouse will be ready for planting of hemp in August 2019. The first grow cycle will be harvested in December 2019 and the second cycle will be planted in January 2020 for harvest in May 2020.
“We believe strongly that Canadian consumers want Certified Organic CBD and the Northern Lights Organics brand is positioned to be the country’s trusted leader in providing Certified Organic CBD derived from Hemp,” said Mr. Halleran.
For further information, please contact:
Mr. Chris Backus, Interim President & CEO, Director
Telephone: 1 (236) 317-2812 – Toll free 1(888) 556-9656
About Weekend Unlimited Inc.
Weekend Unlimited is a lifestyle-based recreational cannabis company. The company is developing premium products designed to deliver life’s highs, anytime, anywhere. With U.S. operations based in, or being negotiated in, Arizona, California, Oklahoma, Washington plus Canada – and a unique entertainment and education division (Weekend Live!), Weekend Unlimited is well-positioned to launch and scale the brands that will define recreational cannabis. Learn more at www.weekendunlimited.com
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.
Forward Looking Statements
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
American cannabis sales hit US$17.5 billion in 2020, a research group’s new study shows.
The product will include polyphenols known to have significant health benefits.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it will report financial results for the fourth quarter and full year ended December 31 st , 2020 on Thursday March 25 th , 2021 before the market opens.
The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights on Thursday March 25 th , 2021 at 8:30am Eastern Time (7:30am Central Time).