WeedMD Inc (WMD)

[Bigman7100xxx]

Ontario-based WeedMD Rx (OTC: WDDMF) (TSXV: WMD) is also raising funds. In December 2017, the company entered into a letter of engagement for bought deal equity financing of $15 million. WeedMD intends to use the net proceeds of the funding for working capital, general corporate purposes and to position itself to expand production capacity within its recently announced existing 14-acre greenhouse. WeedMD is the publicly traded parent company of WeedMD Rx Inc., a federally licensed producer and distributor of medical cannabis. The company operates a 26,000-square-foot indoor facility in Aylmer, Ontario, and is awaiting its second-site cultivation license for a greenhouse in Strathroy, Ontario, representing 610,000 square feet, or 14 acres under GLASS