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Weekend Unlimited earns DTC trading eligibility

Last updated: 23:45 06 May 2019 AEST, First published: 22:54 06 May 2019 AEST

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The company trades on the OTCQB in the US

Shares of Weekend Unlimited Inc (CSE:POT (OTCMKTS:WKULF) are now eligible to be traded through the Depository Trust Company.

DTC eligibility allows the cannabis company, which trades on the OTCQB in the US, to be traded electronically without the transfer of physical share certificates.

The plan is to get Weekend stock in front of a wider base of potential shareholders.

READ: Weekend Unlimited names Chris Backus interim president and CEO

"With DTC eligibility, Weekend's shareholders will be better served in the US," Director Brian Keane said. "DTC eligibility increases visibility with US investors overall, making it easier for investors to participate as we grow this company. In addition, we anticipate that our shareholders will benefit from increased liquidity and a larger shareholder base."

Weekend Unlimited is a recreational cannabis company with operations in Canada, the US and Jamaica.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel