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Weekend Unlimited says CEO Chris Backus steps down, COO Charlie Lamb takes reins

Lamb has more than a decade of experience at an international law firm in New York, where he worked on mergers and acquisitions; public and private offerings; broker deals; and corporate governance

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The outgoing boss Chris Backus led the lifestyle-focused cannabis company for a year and a half

Weekend Unlimited Industries Inc (CSE:POT) (OTCQB:WKULF) said its CEO Chris Backus has resigned for personal reason, effective immediately, and that recently appointed COO Charlie Lamb has been named his successor. 

Lamb has more than a decade of experience at an international law firm in New York, where he worked on mergers and acquisitions; public and private offerings; broker deals; and corporate governance.

He was named COO earlier this week and joined the board of directors. Now, he takes on an even larger role.

READ: Weekend Unlimited taps corporate lawyer Charlie Lamb for COO role

"I'm thrilled to have been appointed to the position of president and CEO of the company,” Lamb said in a statement.

“Thanks to the efforts of Chris, the company has built a strong portfolio of award-winning premium brands that strongly resonate with consumers. I will be focused in the near-term on using my experience to get the recently announced acquisition of the Ruby Mae's intellectual property closed and continuing to expand both our brand influence and sales in Oklahoma and beyond," he added.

The outgoing boss Chris Backus led the lifestyle-focused cannabis company for a year and a half

"On behalf of the board of directors, we wish Chris the best in his future endeavors and thank him for the valuable contributions he made to Weekend over the past 18 months,” Weekend director David Parchomchuk said in a statement. "Chris laid the foundation for a robust and exciting future for the company."

"We are also excited to be moving forward with Mr. Lamb who will continue to build on the foundation while focusing on continued long-term growth and acquisition efforts in Oklahoma and beyond," Parchomchuk added.

In June, Weekend signed a non-binding letter of intent to acquire 100% of Ruby Mae’s LLC, a cannabis-infused edibles producer in Oklahoma.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

Quick facts: Weekend Unlimited Industries Inc.

Price: 0.07 CAD

CSE:POT
Market: CSE
Market Cap: $4 m
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Weekend Unlimited signs Letter of Intent to acquire all IP from Oklahoma...

Weekend Unlimited ((CSE: POT - OTCQB: WKULF) CEO Chris Backus joined Steve Darling from Proactive with news the company has signed an LOI to acquire 100% of the IP from the Oklahoma Cannabis brand Ruby Mae’s. Backus talks about this brand and just successful they have been in Oklahoma....

on 24/6/20

2 min read