WeedMD Inc (OTCMKTS:WDDMF) is on track to increase the production capacity of greenhouse facility (110,000 Sq. Ft.) with the recent receipt of licenses for six additional grow rooms. It is gearing to expand the area of cultivation platform to over 550,000 Sq. Ft.
Chief Executive Officer of WeedMD, Keith Merker said the company could increase its annual production capacity to over 50,000 kg with the support of modern hybrid greenhouse and experienced and dedicated staff. The company is on schedule and meeting the requirements of senior care and medical patients through fulfilling the supply accords.
Shoppers Drug Mart receives a license to distribute WeedMD products
Shoppers Drug Mart received a license for the distribution of WeedMD branded products throughout Canada. Apart from its strategy, WeedMD is planning to offer a wide range of products in international products including Israel and Australia. The company is diversifying its product portfolio to include soft gel oil capsules and pre-rolled products. It is developing CBD infused beverages through a JV with Phivida. WeedMD is exploring opportunities to establish a footprint in other Canadian Provinces.
Health Canada grants a license to WeedMD permitting sales of cannabis
Health Canada granted a license to WeedMD permitting the sales of cannabis produced at its Strathroy, Ontario based greenhouse facility. The company can now transport the cannabis to Aylmer, Ontario based indoor facility for packaging and distribution to adult use customers and medical customers.
Merker said the company is excited to receive the license that permits the sale of medical grade cannabis. WeedMD is on track to meet the committed production schedule. It has completed the 44,000 Sq. Ft. Strathroy platform in record time and is now online. The company is awaiting the nod of Health Canada for its 60,000 Sq. Ft. facility. WeedMD is on time to complete the cultivation spanning 500,000 Sq. Ft. in 2019.
It features onsite natural clean water, supplemental lighting, full climate control, blackout curtains, modern fertigation system, computerized monitoring of water and plant nutrients. The hybrid greenhouse allows WeedMD to produce quality cannabis indoor with maximized efficiency. The company can enjoy significant cost savings.