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Be the first with the news that moves the market- Weekend Unlimited (POT) has announced the extension of Chris Backus’ contract as President and CEO for two years
- Mr. Backus originally joined the company as Interim President and CEO in May 2019
- The company’s Northern Lights Organic hemp farm in British Columbia is also expecting its first commercial growing season in 2020
- Weekend Unlimited shares are currently down 6 per cent to C$0.24, with a market cap of C$10.40 million
Weekend Unlimited (POT) has announced the Board of Directors’ decision to extend Chris Backus’ contract as President and CEO for two years.
Mr. Backus originally joined the company as Interim President and CEO in May 2019 after Paul Chu stepped down from the role.
“Initially, Chris was brought on board as Interim President and CEO with the task of bringing this company into alignment, developing assets that can grow and deliver results to shareholders, and doing so in a way that is sustainable and highly achievable in a rapidly changing sector,” said Director, Brian Keane.
“Over the last 6 months Chris has demonstrated a clarity of purpose and ability to execute that the Board recognizes as exemplary and we felt it was essential to confirm his ongoing role as President & CEO so that the company can build on its momentum and send the right message to our partners and our shareholders.”
Weekend Unlimited has seen consistent progress over the last six months with continued branded product growth and the launch of its online retail store.
The company is poised for further expansion in a number of select US states, with its Northern Lights Organic hemp farm in British Columbia expecting its first commercial growing season in 2020.
“Weekend’s prospects are strong and I am totally committed to the effort required to maximize shareholder value now and in the future,” said Mr. Backus.
“The Board has recognized the overall opportunity we have and it’s a real honour to be in this position. I am excited to continue to lead the Weekend team and grow this business to the benefit of our shareholders and partners.”
Shares in Weekend Unlimited are currently down 6 per cent to C$0.24, with a market cap of C$10.40 million.
