The folks over at Live Nation just released a statement announcing that the second weekend of the Sasquatch! Music Festival, slated to be held at the Gorge Amphitheatre over Fourth of July Weekend, has been canceled.

Fest founder Adam Zacks sent out a separate message to Seattle-area bands originally booked for that second weekend, saying that he is “inviting all of the Seattle-based bands to join the May weekend, which is almost sold out.”

We’ll follow up on this news next week. In the meantime, the entire press release reads as follows:

The 2nd weekend of Sasquatch! Music Festival on Fourth of July Weekend has been canceled. The traditional Sasquatch! Music Festival on Memorial Day Weekend will continue as planned. A limited number of Memorial Day Weekend passes are still available for purchase at LiveNation.com.

Ticketmaster will refund the credit cards used to purchase passes for the Fourth of July Weekend. For those who purchased tickets to both weekends, half of the total purchase price (which was applied to the Fourth of July Weekend) will be refunded. The discount on the Memorial Day Weekend purchase will remain in effect. For more information, please call Ticketmaster at 1-800-745-3000.

“The Sasquatch! community has spoken. They continue to support the traditional Memorial Day Weekend event with great enthusiasm. Unfortunately, the second weekend was not embraced. We felt it was better to cancel the new event now and give everyone time to make alternative plans for the Fourth of July weekend. Going forward, Sasquatch! Music Festival will be at the Gorge Amphitheatre on the weekend the fans want: Memorial Day Weekend only,” said Jeff Trisler, President of Live Nation Seattle.

Some of the acts scheduled to perform on Fourth of July Weekend will be making alternate plans to perform at other venues. Information will be released as available.