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Home Investments Marijuana Stocks Trading

Weekend Unlimited Wins Lottery for “POT” Ticker

Does a new high-profile ticker call for a new high-profile valuation?

Jacob Ellman by Jacob Ellman
February 3, 2019
in Canada, Investments, Marijuana Stocks, Trading
Weekend Unlimited Wins the β€œPot” Ticker Lottery - Marijuana Stocks News

Photo Credit - Lisa Brewster via Flickr

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On Friday, Weekend Unlimited Inc., which formerly traded under the ticker symbol “YOLO” on the CSE, announced that it was informed by the Canadian Securities Exchange that it won the previously announced lottery for the ticker symbol “POT”.

Due to the overwhelming interest in having “POT” as a ticker, the Canadian Securities Exchange, collectively with Toronto Stock Exchange, TSX Venture Exchange, and Aequitas NEO Exchange, “jointly determined to allocate the “POT” stock symbol by way of a collective lottery process.”

Now, subject to confirmation by the CSE, Weekend Unlimited expects to begin trading with the new symbol POT on Monday, February 4th.

According to the release, Weekend Unlimited “aggregates and scales small to medium brands, primarily in the categories of flower, extracts and edibles. Weekend Unlimited brands have best of class operations, distribution and strong revenue trajectories, making them ideal candidates for the deployment of capital and expertise through access to technologies, infrastructure and centralized systems.”

Weekend Unlimited’s brand portfolio currently includes Canna Candy’s CBD, Verve beverages, Champ energy drinks, and more.

“Weekend Unlimited is thrilled to add the iconic POT trading symbol to its identity,” said Mr. Paul Chu, Weekend Unlimited President and CEO. “As a fast-growing multi-state operator, Weekend Unlimited is developing lifestyle brands around recreational and wellness to help define the future of the cannabis industry. The POT symbol is a tremendous fit with our brand identity.”

While the new high-profile ticker symbol may be a tremendous fit for Weekend Unlimited’s brand identity, we’ll be watching to see if that’s enough to warrant the 134.78% rise in share price following the announcement.

In the interim, be sure to subscribe to updates here so you never miss an important update.

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Tags: Canadian Securities ExchangeCSE:POTCSE:YOLOWeekend Unlimited Inc.

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Jacob Ellman

Jacob Ellman

Jake Ellman is the Founder and CEO of DMO Holdings. DMO Holdings is the owner and operator of DailyMarijuanaObserver.com, MJobserver.com, and more. Prior to joining the cannabis industry, Jake was a derivatives trader on Wall Street. His thought leadership in the marijuana space has been featured on Cheddar, Investing.com, Seeking Alpha, Investopedia, The Fresh Toast, and more.

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