WeedMD DD: This is going to be one of the biggest producers... I strongly suggest you all make some time to DD this one, before the masses figure it out and push it to a multi billion market cap, like the others big ones...
WEEDMD COMPLETES FIRST HARVEST AT ITS LARGE SCALE STATE-OF-THE-ART GREENHOUSE
Articles, Press Release
COMPANY MARKS THE EVENT WITH WEEDMD’S “FIRST HARVEST” CELEBRATION AS IT CONTINUES TO EXECUTE ON ITS GREENHOUSE EXPANSION IN STRATHROY, ONTARIO
Toronto, Canada, September 7, 2018 – WeedMD Inc. (TSX-V:WMD) (OTC:WDDMF) (FSE:4WE) (“WeedMD” or the “Company), a federally-licensed producer and distributor of cannabis, is pleased to announce it has now completed the first harvest from its modern greenhouse in Strathroy, Ontario.
The Company marked the event with the WeedMD “First Harvest” event, a community open house that welcomed well over 120 guests that included WeedMD’s Board of Directors, local government, business leaders, investors, media representatives and employees.
“We’re proud to have been able to share this important milestone with our community, stakeholders, employees and industry. The first harvest was completed in early September and resulted in an impressive yield from our first 10,000 square foot grow room, with additional harvests from two further new grow rooms planned over the coming weeks,” said Keith Merker, CEO of WeedMD. “We’re on track to meet our production targets by year end and beyond. This impressive expansion in capacity and product availability will be leveraged to support WeedMD’s medical, adult-use, and international initiatives.”
Another 16 modern grow rooms from the first 220,000 sq. ft. are scheduled to be progressively brought online over the remainder of 2018. Furthermore, an additional 300,000 sq. ft. from the company’s Phase 2 expansion is anticipated to be online by the end of December 2018. Cumulatively and following Health Canada approval, the company anticipates entering 2019 with one of the largest operating production platforms in the industry.
For more information, access our investor presentation here and recently updated corporate video here.
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 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.
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