Weekend Unlimited Update
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.
- Share consolidation may lead to improved stock performance and perception.
- Company continues to operate under the same trading symbol, maintaining market identity.
- Consolidation could dilute shareholder value if not followed by significant company growth.
- Market perception may initially shift negatively due to consolidation.
VANCOUVER, BC / ACCESSWIRE / September 29, 2020 / Weekend Unlimited Industries Inc. ("WKND!" or the "Company") (CSE:POT)(FSE:0OS2)(OTCQB:WKULF) further to the press release of September 25, 2020, the Company announces that the CSE has approved the consolidation of the issued and outstanding common shares of the Company ("Common Shares") on the basis of one (1) post consolidation Common Share for every five (5) pre consolidation Common Shares (the "Consolidation").
Trading of the Common Shares on a post-Consolidation basis on the Canadian Securities Exchange (the "CSE") will commence on opening of trading on October 1, 2020 with the record date set at October 2, 2020. The Company's name and trading symbol will remain unchanged.
The new CUSIP and ISIN are: 94856V307and CA94856V3074, respectively.
Letter of transmittals will be mailed to registered Shareholders and registered Shareholders will be required to deposit their share certificate(s), together with the duly completed letter of transmittal, with Odyssey Trust Company, the Company's registrar and transfer agent.
About Weekend Unlimited Industries Inc.
Weekend Unlimited is a lifestyle-based recreational and medicinal cannabis and CBD wellness company. We are developing and launching premium cannabis and CBD brands to deliver life's highs - any- time, anywhere. Our CBD products are available online and at a retailer near you. Weekend Unlimited is well-positioned to launch and scale the brands that will define cannabis and CBD. Learn more at www.weekendunlimited.com.
For further information, please contact:
Mr. Charlie Lamb, President & CEO, Director Telephone: 1(236) 317-2812
E-mail: IR@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.
SOURCE: Weekend Unlimited Industries Inc.
View source version on accesswire.com:
https://www.accesswire.com/608218/Weekend-Unlimited-Update
FAQ
What is the effective date for Weekend Unlimited's share consolidation?
How many pre-consolidation shares equal one post-consolidation share for WKULF?
What are the new identifiers for Weekend Unlimited after the consolidation?
Will the trading symbol for Weekend Unlimited change after the consolidation?
What should registered shareholders do after the share consolidation?
