viewWeekend Unlimited Industries Inc.

Weekend Unlimited harvests 50K high-CBD hemp seeds at its Northern Lights Organics farm

The recreational cannabis company now planning to produced up to 2 million high-CBD hemp seeds

hemp field
The company planted in January and harvested the seeds in May at its hemp farm in British Columbia

Weekend Unlimited Inc (CSE:POT)(OTCQB:WKULF) announced Wednesday it has successfully produced more than 50,000 high-CBD hemp seeds at its 600-acre Northern Lights Organics farm in British Columbia.

The Canadian recreational cannabis company said it now has the ability to produce and supply high-CBD hemp seeds on a much-larger scale following the success of the test plot.

Weekend Unlimited, based in Vancouver, is looking to harvest up to 2 million high-CBD hemp seeds.

READ: Weekend Unlimited ramps up production at Northern Lights Organics hemp farm

"Translating the results of this test plot in the nursery greenhouse to the larger greenhouse, which has 40 times the capacity, equates to approximately 2,000,000 seeds which is enough to plant over 600 acres,” said President Arthur Halleran.

The company planted the high-CBD hemp plants in January and harvested the seeds in May. The company had said it planted 3,500 plants with a CBD content between 5% and 5.9% of dry weight.

The vast majority of CBD (cannabidiol) is extracted from hemp, which is a cannabis plant that has trace amounts of THC (0.3% or less when dried), the psychoactive compound that gets people “high.”

Weekend Unlimited's stock recenty traded flat at C$0.05 in Toronto and down 2.4% to US$0.04 on the OTC Markets. 

Contact the author: patrick@proactiveinvestors.com

Follow him on Twitter @PatrickMGraham

Quick facts: Weekend Unlimited Industries Inc.

Price: 0.225 CAD

Market: CSE
Market Cap: $2.57 m

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