WeedMD Inc

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Market Cap:
$106.88 m
0.50 CAD
52 weeks high
52 weeks low

In brief

WeedMD Inc. is the publicly-traded parent company of WeedMD Rx Inc., a federally-licensed producer and distributor of cannabis products for both the medical and adult-use markets. The Company owns and operates two facilities: a 26,000 sq. ft. facility in Aylmer, Ontario and a 158-acre state-of-the-art greenhouse and outdoor facility located in Strathroy, Ontario. The Company currently has 136,000 square feet of licensed production space across its facilities and is expected to have a total footprint of more than 550,000 square feet of indoor and greenhouse production space online in 2019. In addition, 27 acres of outdoor cultivation has now been approved for cultivation with first harvest expected in the fall of 2019. 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.

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  • 158-acre Strathroy, Ontario facility includes both indoor and outdoor grow capacity
  • Aylmer, Ontario facility being converted and optimized into a focused extraction and processing hub
  • Continues to report strong financials, with significant revenue boosts