Weekend Unlimited is providing additional detail on its letter of Intent to acquire Verve Beverage Company.

13-Nov-2018 - Canada

“Through this acquisition, Weekend Unlimited will add the strength of a very popular brand in Verve Energy, that was undervalued due to its direct sales history, but has a tremendous following due to its quality and effectiveness,” said Cody Corrubia, Weekend Unlimited President and CEO. “We have the opportunity to re-position the Verve brand and build it out in North American with an existing base of support. Verve Beverage Company has a high-profile position as an official partner of the NHL’s San Jose Sharks,” added Mr. Corrubia.

Verve Energy highlights:

Verve has a unique positioning in the beverage market
Recognized brand with opportunity to position new brands into the market
Physician formulated & clinically studied.
Highest growth category in the beverage industry
Success with $230+ million (over 7 years) in direct to consumer historical Verve sales, positioned for retail distribution roll-out

“Securing the Champ Energy brand provides us an accelerated model to launch into CBD infused beverages, and grow strong distribution relationships as a result of having both the Verve and Champ product lines,” noted Mr. Corrubia.

Champ Energy Highlights:

HEALTHY BEVERAGES NANO INFUSED WITH CBD AND MTC OIL

CHAMP CBD Flavored Water is created with a water-soluble hemp oil, along with other minor phytocannabinoids such as CBG, CBN, CBC, and naturally present terpenes
Each 12 oz bottle of CHAMP Contains 27 mg of phytocannabinoids per dose and is designed to have optimum bioavailability
27 mg Phytocannabinoid-Rich hemp oil
Ultra-pure nano water and 100% organic CBD oil
CHAMP allows you to feel the beneficial effects of CBD while getting all the health benefits of a nanowater that’s been infused with over 78 electrolytes, minerals, and glyconutrients
Powered by a 7.3 PH Active water source, and have MCT oil infused for additional health benefits, with no added sugar
CHAMP also offers the same great flavors and taste without the CBD
CHAMP is the Official Energy Drink Of The NHL’s San Joe Sharks

Subject to the completion of due diligence, the Company has agreed to issue 50 million of its common shares in exchange for 100% of the company holding these two brands. The brands are held subject to a 20 year license agreement which provides for a 3% royalty on sales. The Company has entered into a secured US $ 2 million loan facility pending closing, of which $750,000 USD has been advanced.

https://www.yumda.com/en/news/1158373/weekend-unlimited-is-providing-additional-detail-on-its-letter-of-intent-to-acquire-verve-beverage-company.html