VANCOUVER: Weekend Unlimited Industries has received two record volume sized purchase orders in aggregate totaling 20,000 Orchard Heights vape cartridges in Oklahoma from both a new and existing customer.
Combined these orders will generate CAD $112,452 in revenue for the WKND! with a 22% gross profit . These revenues are in addition to the record revenues of Cdn$376,104 the company just announced on June 15th, 2020. The products are being shipped in increments with the first shipment having been completed in May, 2020 and the final shipment expected to occur in early July, 2020.
“We are very excited to receive purchase orders of this size which show the market that our brands in Oklahoma extend far beyond entry level; but rather are becoming one of the market leaders. It also adds significantly to our overall Q3 revenue numbers announced on June 15th, 2020, and does not include June revenue numbers from our additional WKND! Oklahoma products.” says WKND! CEO Chris Backus.
“It demonstrates that our brands continue wholesale growth in both new order and reorder categories which illustrates growth authenticity in the longer term. We expect to develop long term relationships with these customers by providing them with high quality products.”
The Company cautions that figures for revenue, expenses and margin generated from the sale of WKND! Cannabis and WKND! Wellness products have not been audited, and are based on calculations prepared by management. Actual results may differ from those reported in this release once these figures have been audited. These figures were translated from US dollars into Canadian dollars using the Bank of Canada average exchange rate of 1.3926 for Q3 to date and 1.3449 for Q2.