WeedMD is a licensed producer and distributor of cannabis and cannabis oil under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”). The Company operates two facilities: a 26,000 sq. ft. indoor facility in Aylmer, Ontario and a state-of-the-art greenhouse facility located in Strathroy, Ontario. The Greenhouse currently has 44,000 square feet of licensed space in production and is expected to have a total footprint of more than 500,000 square feet online by year-end 2018. WeedMD has a multi-channeled distribution strategy that includes supply agreements with Shoppers Drug Mart and provincial distribution agencies, as well as through strategic relationships across the seniors' market in Canada. From Q2 2018 Financials: Sales for the Six Months Ended June 30, 2018 June 30, 2017 Dried Cannabis $ 1,285,297 $ 158,669 Cannabis Plants and Seeds 1,689,670 76,500 Extracts 108,732 490 Other 147,805 -0- Total $ 3,231,504 $ 235,659
Disclosure of Outstanding Share Data
Oct 31, 2018
As of August 27, 2018, the following is outstanding:
Common Shares: 107,564,917
Stock + Broker Comp Options: 7,306,816
a) On August 24, 2018, the Company received its first purchase agreement with Nova Scotia to supply product for the adult-use market.
b) On August 15, 2018, the Company entered into a final definitive joint venture agreement with Phivida Holdings Inc., to develop and operate Cannabis Beverages Inc (“CanBev”) at the Strathroy facility. Both companies will be strategic partners in the development of CanBev and WeedMD will be the exclusive supplier of cannabinoid extracts to be used in cannabis infused consumer products.
c) On July 12, 2018, the Company entered into an agreement with British Columbia Liquor Distribution Branch to supply the province with high-quality, branded cannabis products for distribution in the adult-use market.
d) On July 10, 2018, the Company agreed with Hiku Brands Company Ltd. to terminate the previously announced Arrangement Agreement, dated April 19, 2018. In connection with the termination of the Arrangement Agreement, the Company has received a $10 million termination fee.
e) On July 5, 2018, the Company entered into an agreement Alberta Gaming, Liquor & Cannabis Commission to supply the province with high-quality, branded cannabis for distribution in the adult-use market.
WEEDMD SIGNS MULTI-YEAR RETAIL SALES DISTRIBUTION DEAL WITH LIFFORD CANNABIS SOLUTIONS
Oct 15, 2018
Toronto, Canada, October 31, 2018 – WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE)(“WeedMD” or the “Company”), a federally-licensed producer and distributor of medical-grade cannabis, is pleased to announce it has signed a multi-year retail sales distribution agreement with Lifford Cannabis Solutions (“Lifford”), led by long-time cannabis advocate, influencer and media personality Lisa Campbell, to represent WeedMD’s premium cannabis brands and products for the adult-use retail market in British Columbia and Alberta.
“With the onset of legalization, WeedMD’s products are garnering the attention of a discerning and knowledgeable cannabis audience. Lifford has a history of delivering great results in the alcohol beverage category and has developed strong relationships with the provincial distributors as well as key customers,” said Brett Moon, SVP, Sales and Marketing at WeedMD. “Lifford’s strong foundation, coupled with cannabis advocate Lisa Campbell’s expertise and influence will bring WeedMD tremendous value and additional exposure in western Canada’s cannabis markets – ensuring strategic product placement and nation-wide success.”
“Lifford Cannabis Solutions is delighted to be working with WeedMD, a licensed producer widely recognized as a groundbreaking cultivator in Canada. With some of the most unique genetics on the market, we are excited to elevate WeedMD through our four-pillared approach which combines distribution, education, innovation and relationships,” said Lisa Campbell, CEO, Lifford Cannabis Solutions. “We are confident that WeedMD’s top-shelf cannabis – which is sustainably grown by a team that is deeply rooted in the cannabis community – will be well-suited to consumers in the west. It is an honour to collaborate with the WeedMD team as they continue to grow across Canada.”
For more information, access our investor presentation here and corporate video here.
About Lifford Cannabis Solutions
Lifford Cannabis Solutions was founded by cannabis advocate Lisa Campbell in order to bring the most premium selections of cannabis to consumers. Lifford Cannabis Solutions assists licensed cannabis companies in getting their products successfully through control boards to retail. As subsidiary of Lifford Wine & Spirits, it brings decades of experience to aid cannabis companies coming to market.
About WeedMD Inc.
WeedMD Inc. is the publicly-traded parent company of WeedMD Rx Inc., a federally-licensed producer and distributor of cannabis and cannabis oil for both the medical and adult-use markets under the Cannabis Act. The Company operates two facilities: a 26,000 sq. ft. indoor facility in Aylmer, Ontario and a state-of-the-art greenhouse facility located in Strathroy, Ontario. The Greenhouse currently has 44,000 square feet of licensed space in production and is expected to have a total footprint of more than 500,000 square feet online by year-end 2018. WeedMD has a multi-channeled distribution strategy that includes supply agreements with Shoppers Drug Mart and provincial distribution agencies, as well as through strategic relationships across the seniors’ market in Canada.
WEEDMD BOOSTS LEADERSHIP TEAM WITH KEY APPOINTMENTS IN PRODUCTION, SALES, MARKETING, COMMUNICATIONS & HR
Newly-appointed executive team looks to expand robust seed-to-sale cannabis portfolio and amplify WeedMD’s brand recognition on a national and global level
Toronto, Canada, October 15, 2018 – WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE)(“WeedMD” or the “Company”), a federally-licensed producer and distributor of medical-grade cannabis, is pleased to announce its recent leadership appointments in the areas of production, sales, marketing, communications and human resources as WeedMD solidifies its market positioning, expands cannabis production, diversifies distribution channels and looks to spotlight its people and cannabis products on a national and global scale.
“As we ramp up production and continue scaling for growth, we’ve positioned ourselves strategically at an extremely pivotal time and I’m thrilled to announce the appointment of a leadership team that brings a pedigree of proven experience, authenticity and a diverse skill set that will be integral to propelling WeedMD to the next level of success,” said Keith Merker, CEO of WeedMD. “We are adding bench-strength and top-talent to capture the many market opportunities as we look to diversify our innovative product lines; introduce new brands in the recreational market; secure our position in the medical cannabis space; amplify the WeedMD name on a national and global level; and continue to build stellar teams. With our world-class cultivation facilities and highly-regarded products, we have a winning combination that is sure to bring long-term success and shareholder value.”
With the appointment of Nichola Thompson, Chief Financial Officer (Interim) announced earlier this year, WeedMD now rounds out its robust leadership team as follows, with all VPs reporting directly to the CEO:
Josephine DesLauriers, Senior Vice President, People. The continued build of a strong cohesive team requires strategic experience and proven leadership. Josephine has been at the forefront of building the WeedMD team over last six months – expanding the Company’s workforce four-fold since her start, bringing on board top-level talent and establishing a retention record that is the envy of the industry. Josephine is appointed to Senior Vice President, People. With over 15 years of experience in a variety of HR-related functions such as organizational development and talent acquisition, Josephine is a trusted advisor to many Boards of Directors, and is widely recognized in the health-care sector for her work in seniors care/housing, hospital and community care. A graduate from Western University’s Psychology program, Josephine holds two degrees, including a Bachelors of Management & Organizational Studies, and a Human Resources Management Certification from Seneca College.
Brett Moon, Senior Vice President, Sales & Marketing. Brett joins the WeedMD team from Mosaic – Canada’s largest sales and marketing agency. As Vice President at Mosaic, he led a variety of the largest accounts in beer, spirits and cannabis within Canada. Brett brings over a decade of experience in controlled substances, regulated industries and in developing vertically-integrated sales and marketing models. He is ideally suited to lead and build WeedMD’s sales and marketing teams as the Company looks at expanding its medical and recreational brands and strategies for taking its medical-grade cannabis products on a global level. Additionally, Brett will build a solid business plan rooted in producing, marketing and selling a portfolio of innovative cannabis brands. He will also be instrumental in ensuring the Company maintains a continued emphasis on building teams and partnerships that will maximize the distribution of WeedMD’s world-class products on a national and international scale.
Dan Healey, Vice President, Operations. With over 30 years of experience in a variety of operations and quality roles, Dan joins us from a recent post as VP Operations, Maricann Group where he was responsible for overseeing the cannabis supply chain from production to delivery. Prior to this, Dan spent 11 years at dairy giant Parmalat Canada and over a decade with Nestlé in London, Ontario in an Operations and Quality leadership role. Having started his career with Corby Distilleries, Dan is an engineering technology graduate who brings industry insights and professional knowledge in developing, implementing and achieving manufacturing excellence in productivity and quality. His expertise and oversite in the areas of production, inventory planning, quality, packaging and distribution will help in our drive to deliver the best customer experience.
Robert Gora, Vice President, Patient & Client Experience, Medical. Robert brings over 16 years of experience in the Canadian pharmaceutical industry with a career that has spanned numerous roles including sales, medical education, marketing, business management, business development and patient support services. Most recently the General Manager of Medical at MedReleaf, Robert was responsible for establishing the strategic and tactical plans tied to the medical cannabis business, building a high-functioning sales team, increasing patient volumes, and improving overall sales across multiple medical channels. A graduate from the University of Alberta’s Commerce Program, Robert has worked in markets across Canada and has collaborated on global marketing initiatives. He will be an important part of ensuring WeedMD’s strong commitment to its medical cannabis patients and client experience continues as a priority for the Company.
Marianella delaBarrera, Vice President, Communications & Corporate Affairs. Having worked with the WeedMD team for over a year, Marianella has been an integral part of building the Company’s media outreach and public relations initiatives and strategies. She previously spent over 10 years developing and leading worldwide external communications strategies for Bombardier Aerospace. As a veteran spokesperson and senior strategist on numerous high-profile international matters, Marianella is accustomed to working with publicly-traded companies operating in highly-regulated environments that overlap with government, shareholders, customers, employees and media. A graduate from Ryerson University’s Journalism program, she’s also a trained journalist that has counselled and advised numerous CEOs, Presidents and Chairmen. Her international business media network will be key as WeedMD’s voice is amplified in worldwide media markets. Marianella will work closely with the leadership team to develop solid corporate governance processes and develop a corporate social responsibility mandate.
June 25, 2018
Initial harvest expected by September from first phase of retrofit Toronto, Canada, June 25, 2018 – WeedMD Inc. (TSX-V:WMD) (OTC:WDDMF) (FSE:4WE) (“WeedMD”), a federally-licensed producer and distributor of medical cannabis, is pleased to announce that the first batch of cannabis plants have been transplanted to its modern greenhouse.
June 20, 2018
Toronto, Canada, June 20 2018 – WeedMD Inc. (TSX-V:WMD) (OTC:WDDMF) (FSE:4WE) (“WeedMD”) a federally-licensed producer and distributor of medical cannabis, is pleased to announce it has entered into an agreement to become a medical cannabis supplier to Shoppers Drug Mart.
June 13, 2018
Toronto, Canada, June 13, 2018 – WeedMD Inc. (TSX-V:WMD) (OTC:WDDMF) (FSE:4WE) (“WeedMD”), a federally-licensed producer and distributor of medical cannabis, and Revive Therapeutics Ltd. (TSX-V:RVV) (OTCQB:RVVTF) (FSE:31R) (“Revive”), a company focused on the research, development and commercialization of novel cannabinoid-based therapies.
June 11, 2018
Toronto, Canada, June 11, 2018 – WeedMD Inc. (TSX-V:WMD) (OTC:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”), a federally-licensed producer and distributor of medical cannabis, is pleased to announce that it has secured its Health Canada Cultivation Licence for the first four grow rooms within its 220,000 sq. ft.