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Potent Ventures Inc. (CSE:POT)(FSE:0OS2)(OTCQB:WKULF) has successfully completed a stock split, issuing four common shares for every one pre-split share. This Share Split marks a significant corporate restructuring aimed at enhancing liquidity and attracting a broader range of investors.
The new shares commenced trading on the Canadian Stock Exchange at market open on April 28, 2021, following previous announcements on April 23 and April 27, 2021. This move is designed to bolster the company’s market presence.
Weekend Unlimited Industries Inc. announces the approval of a 4-for-1 share split by the Canadian Securities Exchange (CSE). The new trading of shares will commence on April 28, 2021, with a record date set for April 29, 2021. The company will also change its name to Potent Ventures Inc. while keeping the trading symbol WKULF. Additionally, Robert Payment has been appointed as director, replacing Michael Young, who has resigned. This split aims to enhance liquidity and accessibility for investors.
Weekend Unlimited Industries Inc. (CSE:POT)(OTCQB:WKULF) announced a name change to Potent Ventures Inc. along with a share split of four new common shares for each existing share. The record date for this share split is April 28, 2021, increasing the total shares outstanding from approximately 20 million to about 80 million. Registered shareholders will receive certificates from the transfer agent, Odyssey Trust Company. The company will retain its trading symbol, POT, despite the changes.
Weekend Unlimited Industries Inc. has successfully closed a non-brokered private placement, issuing 8,818,001 units priced at CDN $0.17 per unit, raising gross proceeds of CDN $1,499,060. Each unit includes a share purchase warrant, allowing the purchase of additional shares at CDN $0.23 over two years. Insiders participated with 376,000 units, comprising 4.26% of the offering. The company paid finder’s fees of CDN $50,728 and issued 298,400 warrants. The company focuses on recreational and medicinal cannabis and CBD wellness products.
Weekend Unlimited Industries Inc. (WKULF) has announced the approval for a consolidation of its common shares, with the ratio set at one post-consolidation share for every five pre-consolidation shares. Trading on a post-consolidation basis will begin on October 1, 2020, with an official record date of October 2, 2020. While the company's name and trading symbol remain unchanged, registered shareholders will need to deposit their share certificates with Odyssey Trust Company. The new CUSIP and ISIN codes are 94856V307 and CA94856V3074, respectively.
Weekend Unlimited Industries Inc. (WKULF) announced the termination of its proposed acquisition of Ruby Mae's, LLC due to unsatisfactory final terms. The company will refund approximately C$517,400 raised through a non-brokered private placement. In a strategic move, Weekend Unlimited will consolidate shares on a 1-for-5 basis, effective September 25, 2020, reducing the total shares from 57,873,914 to about 11,574,782. The company issued 425,000 shares to settle a debt of $48,000. Weekend Unlimited continues to seek alternative opportunities amidst market challenges, particularly from COVID-19.
