WeedMD acquires a 60-hectare neighboring nation to increase its footprint
WeedMD Inc. (TSX-V: WMD) (OTCQX: WDDMF) (FSE: 4WE) ("WeedMD" or "Company"), a federally licensed hashish producer and The distributor is happy to announce that it has completed its buy of a 60-hectare prime land immediately adjacent to its 98-hectare Strathroy property. The rising progress of WeedMD has the potential to grow to over 100 hectares. As previously reported, the Company has utilized to the Well being Canada firm for a change within the Strathroy license to increase its greenhouse plant to greater than 25 hectares of reasonably priced, outside progress in 2019. Link for publication . An extra 25 hectares have been to be networked as Part II in 2020. With immediately's announcement, Part II will develop to 75 hectares of outside tradition on a 100 hectare community by 2020.
Anticipated Health Canada Acceptance, WeedMD's outside progress is predicted to increase its complete return to over 100,000 kilos of hashish in 2020 and over 150,000 kilos with greenhouse crops. Outside grows video here.
“With the combination of this property and the current licensed footprint, we now have over 160 acres of adjacent land in Strathroy – a 100-hectare primary farmland for outdoor use. WeedMD is well positioned as the industry leader who sets benchmark for low-cost, scalable, quality-based outdoor production in Canada, ”stated Keith Merker, CEO of WeedMD. “One of the first gates is an experienced cultivation team that has begun with ready-made tests on pre-tested genetics and clones that are spread in a modern greenhouse. The ability to produce consistent positions in dried flowers, extracts and seals in a fraction of the cost of other production platforms gives us a strategic advantage by expanding our product range and commercial dimension with the first outdoor harvest expected in the autumn of 2019. ”19659002] and its progress potential. The massive outside property has full sunlight, loads of airflow, a tree-protective buffer zone, and near our infrastructure and substrate spreading operations. We have now now taken the chance to increase our well-maintained, pre-painted landscapes, all of which may now easily be folded into our licensed property, ”stated Deed Pedro, WeedMD's Hashish Supervisor. "When you buy an adjacent 60-hectare land for outdoor use, we're well on the way to scaling production. Phase II brings us full capacity in 2020."
For more info on the introduction of WeedMD buyers here and the just lately updated company video here .
WeedMD moves to a $ 39 million debt settlement with BMO and acquires 98 acre of licensed Strathroy Property
WeedMD Inc. (TSX-V: WMD) (OTCQX: WDDMF) (FSE: 4WE) ("WeedMD" or " Company ”), a producer and distributor of medical cannabis, is pleased to announce that he has made a credit line with the Financial institution of Montreal (“ BMO ”). Beneath the phrases of the credit score facility, BMO offers WeedMD with a $ 39 million secured debt financing at an interest rate that’s anticipated to be on average low to 5% yearly over three years. 19659002] The power consists of a $ 33.1 million long-term mortgage, a $ 3.zero million mortgage period loan and a $ three.zero million revolving credit score facility (collectively a "loan") all maturing in 2022. WeedMD can at its discretion pay again
WeedMD has used the chance to buy Well being Canada licensed 98-acre Strathroy property ("Strathroy") from Good Decide Farms ("Perfect Pick"). The Strathroy acquisition features a licensed 610,000 square meter high-end hybrid greenhouse fuel, over 100,000 square meters of superstructure and all different infrastructure and gear, and a 50 hectare land for the company to cultivate cannabis. Hyperlink to an outside crop product.
”Securing BMO Help at this Thrilling WeedMD Progress Website presents our Market Validation Potential to continue implementing our Strategic Plan without diluting funding,” stated Keith Merker, CEO of WeedMD. “In 2018, we only needed six months to reinstall our modern greenhouse, licensing and the first stage. Less than three months later we took the first harvests with very compelling yields and quality. Since then, we have expanded our licensed footprint and operations throughout the greenhouse, and we have recently announced plans to grow cannabis outdoors, which we expect to double our production potential with an affordable scalable expansion. ”
Interest For loans, there is a margin for the Canadian greenback prime fee or a banker's acceptable term. Rates of interest on current Canadian dollar interest rates are expected to be low or excessive over the 5 % annual period of the loan period. The credit score facility is secured by the company and its subsidiaries, including WeedMD's production amenities in Strathroy, Ontario, and Aylmer, Ontario, and consists of normal financial and restrictive agreements. More details about credit score limits might be discovered within the firm's documents obtainable on the corporate's profile at SEDAR at www.sedar.com. paid in money and $ 5 million was welcomed when 2.5 million WeedMD capital was awarded.
Each unit consisted of one WeedMD share with a worth of $ 2.00 and a quarter (1/four) of the warrant (a total of 625,000 warrants). Every full stock choice was used for WeedMD's widespread share within the operating value
For extra info on the WeedMD Investor Presentation here and the lately up to date company video right here .
WeedMD Expands Production Outdoors Cannabis Cultivation at its Licensed 98-Acre Strathroy Property
WeedMD Inc. (TSX-V: WMD) (OTCQX: WDDMF) (FSE: 4WE) ("WeedMD" or "Company") , a federal licensed producer and distributor of medical cannabis, is happy to announce that it has requested a change to its Strathroy license to extend its current cultivation with using the unique 25 hectares of low value and reasonably priced outside cannabis. 50 acres. The company confirms that it has secured the help of the municipality of Strathroy-Caradoc for the deliberate outside progress, which is predicted to be completed in two phases. In 2019, Part I is imported and represents over 25 hectares of production, and 25 hectares are planned for Part II in 2020. Whereas waiting for well being progress, Canadian approval is predicted to extend the footprint of WeedMD's complete output to 2.7 %. million sq. meters and may attain over 100,000 kilograms of hashish in 2020 together with greenhouse cultivation.
The WeedMD outside greenhouse is situated on an natural licensed * ground on the 98-hectare Strathroy property, which also has a 610,000 sq. meter firm. ft trendy greenhouse facility. Outside grows video right here.
“Our municipality is proud to have a thriving agricultural community that has long supported local businesses, and we are pleased that WeedMD continues to expand its local footprint gradually and economically-based,” stated Mayor Joanne Vanderhey, the municipality of Strathroy-Caradoc. “We wish and fully support its efforts to expand outdoor activities together with employment opportunities, sustainable cultivation and social commitment, which will lead to continued long-term growth of the municipality. low-cost scalable outdoor productions strategically located together with our licensed, modern greenhouse trading business. WeedMD, with its proven cultivation group, genetic bank and advancement potential, has invested in the industry, ”stated Keith Merker, CEO of WeedMD. “With our outdoor cultivation site, we will continue to produce cannabis products at an affordable cost in a supportive municipality that complements our existing solid production base with the first outdoor harvest expected in the autumn of 2019.” . Growing outside cultivation will make sure that WeedMD can meet the needs of sufferers and clients within the ever-growing hashish market, ”stated Derek Pedro, WeedMD's Hashish Supervisor. “Our methods and standardized innovation practices have been gained over 15 years of growing experience in Canadian legal cannabis programs. When cannabis plants are produced for transplantation in June 2019, WeedMD is optimally positioned for scale production and has already been recognized as industry leader and expert in outdoor use. ”
Highlights of WeedMD's Giant, Reasonably priced Outside Outside Enlargement
- Part I of Outside Cultivation is over 25 hectares. WeedMD is able to produce over 25,000 kilos of hashish, and has already began retrofitting a extremely protected area and its first outside harvest is predicted in the autumn of 2019.
- Stage II will improve to 50 hectares in 2020. square foot, which may produce over 100,000 kg of cannabis in 2020.
- Business-leading manufacturing prices. With the cultivation of exterior hashish, WeedMD expects production prices to be the lowest within the business.
- An experienced administration workforce with main methods to revolutionize outside culture. WeedMD's skilled farming staff is led by a pioneer in the subject and Cannabis Officer Derek Pedro, who’ve mixed over 40 years of combined outside, indoor and greenhouse cultivation.
- Outgrowth complements the WeedMD greenhouse in Strathroy. Beyond its 610,000 sq. meter hybrid greenhouse in Strathroy, the company can utilize present on-site stocks and packaging in compliance with the Health Canada laws. As well as, WeedMD makes use of an present website to spread it, genetics and clones earlier than the outgrowth season, so that it could keep in mind the longer growing season with its own outside genetics.
- Sustainable progress practices. Cultivated in a natural setting using sustainable growing strategies comparable to direct daylight, certified, organic * tested reside soil, on-site water tank, proper ventilation, pure biosecurity practices and trendy irrigation methods already in use
WeedMD appoints an business pioneer in hashish supervisor WeedMD Inc. (TSX-V: WMD) (OTCQX: WDDMF) (FSE: 4WE) ("WeedMD" or "Company"), a medical cannabis producer and distributor, is pleased to announce strategic leadership appointments to additional strengthen its group and promote of their home and international markets.
Industrial Pioneer Derek Pedro has been appointed as a brand new leading cannabis officer – a groundbreaking message cementing the position of WeedMD as a number one licensed farmer who has rooted at its greatest. farming practices. In an effort to promote these initiatives, veteran compliance professional Dr. Alex Sibilev has been appointed Director of High quality Assurance and International Regulation.
”Derek has been one of many key architects of WeedMD's robust cultivation framework. A enterprise advisor and manufacturing companion and acknowledged nationally as a pioneer within the business and as the first farmer to grow in a hybridized greenhouse. He was additionally one of many unique sufferers who have been in favor of legal cannabis entry, and we’re very proud to announce his official appointment to this distinctive place – timely notification once we try to optimize our enlargement efforts, "stated Keith Merker, Managing Director WeedMD. “In addition, we will continue to strengthen our team with Alex, another industry veteran who has been recognized as a leading compliance expert. He brings in in-depth knowledge and scope that strengthens both domestic operations and development in international markets. ”
Its top-notch greenhouse effect in Strathro, Ontario, is totally on-line . WeedMD strives to optimize its website and workforce to help the corporate's progress.
Extra on Meetings
Derek Pedro, Head of Hashish. With over 25 years of design, cultivation and manufacturing experience, Derek has been a long-term advisor to the WeedMD group and has been a key a part of the company's success over the past 5 years. He’s a beneficial asset in creating and designing Strathroy, ON's high-tech hybrid greenhouse fuel, which is growing successfully from indoor hashish, he is a pioneer and innovator within the business with an extended historical past of all forms of rising environments, together with indoor and outside activities. In recent times, Derek has launched over 55 reside hashish stocks into Canada's authorized cannabis cultivation system and has been recognized as the primary really hybridized greenhouse in 2007 underneath the Marijuana Medical Laws (MMAR).
Dr. Alexandre Sibilev, Vice Chairman, High quality Assurance and International Regulatory Necessities. Alex has more than 30 years of experience in medical experience, regulatory matters and compliance compliance, and is considered as a extremely necessary regulatory professional within the hashish business. A educated pharmacy, Alex, is a PhD in pharmaceutical schools from Sechenov's first Moscow medical facility. He performed a key position in promoting international regulatory processes, especially in medical corporations, in natural well being merchandise, and in obtaining medical certification for the great use of hashish medicine. Just lately, he led the regulation on behalf of one other main Canadian licensed producer.
For more info on WeedMD Investor Presentation here and the lately up to date company video .
WeedMD provides hashish to non-public retail enterprise in Saskatchewan
WeedMD Inc. (TSX-V: WMD) (OTCQX: WDDMF) (FSE: 4WE) ("WeedMD" or "Company"), a medical cannabis producer and distributor , we are pleased to announce that Saskatchewan's SLGA has allowed the corporate to ship hashish on to the provincial retail and wholesale markets.
“As our solid production base continues to expand, we are excited to announce that our resale network will continue to expand with it,” stated Brett Moon, WeedMD Sales and Advertising Director. “Saskatchewan is the sixth province where Canadians can buy WeedMD products and has a unique model that enables both cannabis sales and distribution in the private sector. We are excited to create partnerships directly in this market, which forms the second part of WeedMD's diversified distribution network, offering premium branded products to both the government and the private sector throughout Canada and by investing in the company to the emerging world markets. ”
WeedMD & # 39; s Enlargement into a big, fully-funded trendy greenhouse is crucial dietary channel for its medical cannabis affected person and quick rising recreational market. The corporate aims to increase its crop base to over 550,000 sq. meters in the first half of 2019.
In addition to Saskatchewan, WeedMD's top-class hashish products are presently obtainable in Ontario. Nova Scotia, Alberta and British Columbia and will quickly be out there in Manitoba. With all six provinces, WeedMD is ready to reach about 70% of Canada's predicted leisure market. The company has ongoing discussions with different provinces, regions and private shops. Just lately, WeedMD delivered the primary medical hashish product to Buyers Drug Mart, and our merchandise at the moment are on sale at the newly launched e-commerce website.
For more info on the WeedMD Investor Presentation right here ] And the just lately up to date company video right here .
The medical hashish of WeedMD is now obtainable for buy on the Drug Martin e-commerce web site
WeedMD Inc. (TSX-V: WMD) (OTCQX: WDDMF) (FSE: 4WE) ("WeedMD" or "Company"), which is a medical Cannabis Producer and Distributor is happy to announce that it has placed its first medical hashish product on Buyers Drug Mart ("Shoppers Drug Mart"). WeedMD branded products at the moment are obtainable on the market at the lately revealed hashish sales web site: hashish.shoppersdrugmart.ca .
”We’ll proceed to broaden the supply of our merchandise to medical patients in Canada and congratulate Consumers Drug Mart, some of the trusted pharmacy and patient help providers, on launching an Ontario e-commerce and cannabis coaching program,” stated Keith Merker, CEO of WeedMD. “As a committed cannabis supplier and trainer, we are proud to be able to work with Shoppers Drug Martin to extend the scope of our products to patients looking for a safe, consistent, and high-quality cannabis source.” medical patients and the quickly growing recreational market. The company goals to extend its crop base to over 550,000 sq. meters within the first half of 2019.
For more info, see the WeedMD Investor Presentation here and the lately updated company video right here .
WeedMD and BLOCKStrain Full Business's First Cannabis Validation Testing Program
WeedMD Inc. (TSX-V: WMD) (OTCQX: WDDMF) (FSE: 4WE) ("WeedMD" or "Company"), Medical Cannabis Producer and Distributor and BLOCKStrain (TSX: V.DNAX, OTCQB: BKKSF, Discussion board) ("Blockstrain") is happy to announce that they have completed a hashish pressure validation registration program – a testing and verification process that strengthens cannabis strains has been purchased.
Validation of shares plays an necessary position as cannabis products progress via medical, retail and prescription drugs. When plant DNA is collected, organized and registered from Aylmer, Ontario, WeedMD becomes the world's first licensed producer to incorporate a cannabis inventory in its authenticity and tracking platform gross sales program.
“Congratulations to all the teams that have worked on this groundbreaking achievement. After the end of genetic testing, consumers appreciate the traceability and origin of the WeedMD cannabis they buy, ”stated Keith Merker, CEO of WeedMD. "We now have a total of 40 active cannabis strains from our genetic bank, which have a BLOCKStrain Certificate of Authenticity and may conflict with proven strains in the BLOCKStrain database – genome for sale." , however they will now monitor the origin of the stock and their CBD and / or THC content, as well as other related info, ”stated Robert Galarza, CEO of BLOCKStrain. "With the unique technology of the Master Genome and Clone Registration Program, producers can now guarantee their burdens and provide customers with product assurance."