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 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.
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