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Weekend Unlimited reports Northern Lights Supply gets order in time for grand opening

Weekend has an arms-length agreement to acquire 49% of Alberta's Northern Lights Supply, which is set to open on February 23

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The cannabis retailer Northern Lights Supply will open with about $200,000 worth of inventory

Weekend Unlimited (CSE:POT) (OTCMKTS:WKULF) said Tuesday that cannabis retailer Northern Lights Supply in Nisku, Alberta has received its first order from Alberta Gaming, Liquor and Cannabis (AGLC), which paves the way for its grand opening on February 23.

Northern Lights Supply will open with about $200,000 worth of inventory and weekly shipments are expected from AGLC to replenish stock.

READ: Weekend Unlimited scores coveted POT ticker

“Having received the store’s initial order, we are currently stocking the shelves and conducting our final staff training and systems checks in order to hold our grand opening next week, on February 23,” said Derek Shields, Northern Lights Supply president in a statement.

In other news, 15 Northern Lights Supply staff have been hired and trained and community cannabis education and training seminars for local organizations and the hospitality industry have been given the stamp of approval by AGLC.

Weekend previously announced an arms-length agreement to acquire 49% of Northern Lights Supply. The Alberta cannabis retailer is located adjacent to the Edmonton International Airport and serves the cities of Leduc and Beaumont.

READ: Weekend Unlimited subsidiary Northern Lights Supply wins Alberta retail license

Based in Vancouver, Weekend Unlimited is a cannabis-focused investment company that specializes in the scaling of small to medium brands, primarily in the categories of flower, extracts and edibles.

Weekend Unlimited shares traded 6% higher at C$0.18 in morning trade on Tuesday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

Quick facts: Weekend Unlimited Industries Inc.

Price: 0.055 CAD

CSE:POT
Market: CSE
Market Cap: $3.14 m
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