Investor Ideas #Cannabis
#Potcasts: Podcast Interview with CEO of WeedMD Inc. (TSXV: $WMD.V) (OTCQX:
$WDDMF); @WeedMD
Delta, Kelowna, BC –November 13, 2019 (Investorideas.com Newswire) https://www.investorideas.com/, a global news source covering leading sectors including
marijuana and hemp stocks and its potcast site, www.potcasts.ca release today’s podcast edition of cannabis news and stocks
to watch plus insight from thought leaders and experts.
Listen to the podcast:
Read this in full at https://www.investorideas.com/news/2019/cannabis-potcasts/11131Interview-WeedMD.asp
In today’s podcast,
Innvestorideas.com interviews Keith
Merker, CEO of WeedMD Inc. (TSXV: WMD) (OTCQX: WDDMF), an Ontario-based, licensed
producer (LP) and distributor of medical-grade cannabis. Merker discusses the
Company’s most recent news and developments, as well as both the medical and
recreational markets in Canada.
The company recently completed its inaugural 27-acre
outdoor harvest and secured Health
Canada’s approval for
its purpose-built outdoor processing facility in Strathroy, Ontario. The
stand-alone, 50,000 sq. ft. custom-built structure, located on WeedMD’s
158-acre Strathroy property is now being used to dry, process and cure all
outdoor-cultivated cannabis in 2019 and is built to process and store more than
40 tons of dried cannabis biomass.
As one of the first
and only Canadian LPs successfully cultivating cannabis both in a hybrid
greenhouse and outdoors, Merker commented on the Company’s recent harvest from
its outdoor grow saying: “This is a big disruptor for the company, as well as
going forward for the industry. We successfully pulled down north of 20,000
cannabis plants. Some of our flagship strains like our Ghost Train Haze or our
Pedro's Wine Gums for instance were seven feet wide by seven feet tall and
producing well over a kilogram of bud per plant.”
“With the pace of our outdoor harvest now accelerating,
this licence amendment comes at the perfect time,” said Merker. “The harvest
has been very successful so far and this represents another milestone as we
continue to disrupt traditional modes of cultivation. WeedMD now expects to
take a leadership position in Canada for low-cost, high-cannabinoid biomass.”
WeedMD Inc. is the publicly-traded parent company of
WeedMD Rx Inc., a federally-licensed producer of cannabis products for both the
medical and recreational markets. The Company owns and operates a 158-acre
state-of-the-art greenhouse, outdoor and processing facility located in
Strathroy, Ontario and is currently licensed to produce approximately 50,000
kg. WeedMD also operates CX Industries Inc., a wholly-owned subsidiary of
WeedMD Inc. CX Industries operates out of the Company’s fully-licensed 26,000
sq. ft. Aylmer, Ontario production facility which specializes in cannabis
extraction and processing. WeedMD has a multi-channeled distribution strategy
that includes selling directly to medical patients, strategic relationships
across the seniors’ market and supply agreements with Shoppers Drug Mart as
well as six provincial distribution agencies where WeedMD’s adult-use brand Color Cannabis is sold.
Merker also discussed the rollout of “Cannabis 2.0” for
WeedMD saying: “We have been extracting on site since 2017, but we were
doing so at a smaller scale. We do have the experience in-house in producing
our own oil and tinctures for the cannabis market. We've implemented more
industrial-scale production and processing and extraction. First of all we will
be producing the ingredients, from the standpoint of crude, winterized crude
all the way to distillate. The easiest products for us to get to market right
now are, quite frankly for the vape products. That's something we’re going to
be present in the market with and that makes a lot of sense right now for us a
company.”
Merker went on to
comment on some of the difficulties affecting the medical market, how the
company has successfully built its “Color” brand in the recreational market and
what investors can look to expect next from WeedMD.
The Company will release its
quarterly financials after market close on Thursday, November 28, 2019 followed by a
conference call with management on Friday November 29, 2019 at 10 A.M. Eastern
Time to report its Q3-19 financial results and operational outlook. The call
will be hosted by Keith Merker, CEO and Nichola Thompson, CFO. Call-in details can be found here.
To find out more
information about WeedMD visit their website here.
To learn more about our cannabis podcasts visit https://www.investorideas.com/Audio/Potcasts.asp
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