Weekend Unlimited Enters Retail Cannabis Space In Alberta, Canada

The Northern Lights Supply 6,500 sq. ft. retail operation is based in Alberta with opening planned for December 2018

CANADA: Weekend Unlimited has announced that it has entered into an arms-length agreement which provides Weekend the option to acquire 49% of a retail cannabis store located in Nisku, Alberta.

Northern Lights Supply is situated in Nisku, Alberta, at the intersection to Canada’s largest oilfield industrial park, along Alberta’s busiest corridor, Highway 2 and opposite the Edmonton International Airport,” explained Mr. Cody Corrubia, President and CEO of Weekend Unlimited.

Weekend Unlimited BrandsThe parties have entered into a convertible secured 6% interest loan facility on November 15, 2018 for up to $1,200,000, of which the Company will initially advance $500,000. At any time during the term ending December 31, 2022, the Company has the option to convert the full amount of its $1,200,000 loan facility into 49% equity of the retail store. The option may only be exercised once Weekend has received approval from the Alberta Gaming and Liquor Commission after going through required due-diligence.

With 6,500 square feet of retail space, it is one of the largest approved retail cannabis stores in Alberta. The store was designed to take advantage of the upcoming edible and infused cannabis products schedule to be legal in the fall of 2019.  Opening is planned for early December 2018.

“We look forward to working with the team at Weekend Unlimited in growing our brand in Alberta. Their experience will be invaluable in recognizing the numerous opportunities in this new and emerging industry.” stated Northern Lights Supply President Mr. Derek Shields.

 

Medical Marijuana Rules On Calgary City Council Agenda

CANADA:  Two Calgary city councillors are calling for land use rules for medical marijuana businesses before the new shops begin opening in the city.

Diane Colley-Urquhart and Gian-Carlo Carra want the city to address issues such as ‘clustering’ or ‘proliferation’ of the businesses and also to ensure there is separation from schools, as there is for liquor stores.

“You can imagine if you have a whole bunch of these in Inglewood for example and then people start lining up, going there, wanting to get access, wanting to see if they would qualify, this can fundamentally change the nature of a neighbourhood with this amount of activity going on,” said Colley-Urquhart.

Calgary Police Log 58% Drop In Illegal Marijuana Grow Op Offences

CANADA:  Calgary has seen dramatic drop in arrests, charges and search warrants related to illegal marijuana grow ops since 2009, but legal weed operations are posing a growing challenge for local law enforcement.

Offences connected to illegal grow ops plunged 58 per cent, according to police data provided to Metro, but while those numbers have declined the number of people growing legally is on the rise, according to Alberta’s Law Enforcement Response Team (ALERT)’s Law Enforcement Response Team (ALERT).

“Many of the same people that previously we had arrested for illegal grow operations, now suddenly have medical marijuana permits,” said CPS Staff Sgt. Keith Hurley, who oversees ALERT’s Green Team, which monitors illegal drug production.