WeedMD Inc. came roaring out of the gates yesterday when it commenced trading on the TSX Venture Exchange under the symbol WMD.V.

WeedMD is a licensed producer of medical cannabis under the ACMPR and plans to be Canada’s first producer focused on the long-term and retirement sector by leveraging its deep industry relationships and expertise.

Management believes senior patients represent a significantly higher value market segment than typical ACMPR patients. This is due in large part to consistent treatment schedules and the cost-effective nature of patient acquisition and servicing associated with long-term care facilities.

Positioned to Deliver

WeedMD has a strong balance sheet and is well positioned to deliver on its next phase of growth with its $6.0 million in working capital and approved building permits.

WeedMD has a 26,000 sq. ft. indoor facility on four acres in Aylmer, Ontario. The facility has been fully retrofitted and the company has an option to acquire 4 acres of neighboring land, which could support the construction of more than 220,000 sq. ft. of new production space.

WeedMD is focused on creating and increasing shareholder value by continuing to execute on its business plan. The company currently has several significant business initiatives which include:

• Sales License: WeedMD completed the review and inspection process and is currently awaiting those results. If approved, the company would be allowed to sell dried flower product to patients. WeedMD expects to receive its sales license in the second quarter.
• Commercial Extraction Laboratory: WeedMD will start building out a commercial extraction laboratory and expects it to be completed in the second quarter.
• Extracts Production License: WeedMD will apply for an amendment to its ACMPR license to produce medical cannabis oil after its completes the buildout of its extracts lab. WeedMD expects to receive an amendment for extract production in the summer.
• Expansion Plan: With building permits approved and in place, WeedMD is focused on the next phase of growth, expanding from 26,000 sq. ft. to 220,000 sq. ft. The company has an additional 100 acres of nearby land for potential future expansion.

From the CEO

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