Weekend Unlimited Inc. acquired Scottsdale, Ariz.-based Verve Beverage Co., a Scottsdale, Ariz.-based producer of the Verve and Champ energy drinks.
Verve Beverage's products are infused with cannabidiol, an active ingredient in marijuana. The company also offers beverages without cannabidiol.
Under the deal, Verve Beverage shareholders received 60 million common shares of Weekend Unlimited.
Vancouver, British Columbia-based Weekend Unlimited manufactures and distributes cannabis and cannabidiol-infused products for medical or recreational purposes.