Cannabis group WeedMD Inc (CVE:WMD) (OTCMKTS:WDDMF) revealed it had become the first licensed producer in the world to include a cannabis strain authenticity and tracking platform into its sales program.
The Ontario-based company said in a press release that it and Blockstrain Technology Corp had completed an industry 'first-of-its-kind' cannabis strain validation registration program.
"We congratulate all the teams that worked on this ground-breaking achievement. With the completion of genetic testing, consumers will appreciate the traceability and origin assurance of the WeedMD cannabis that they are purchasing," said Keith Merker, CEO of WeedMD.
"We now have a total of 40 active cannabis strains from our genetics bank that hold the BLOCKStrain Certificate of Authenticity' and are able to be cross-referenced as verifiable strains in BLOCKStrain's database - from genome to sale."
"Robert Galarza, CEO of BLOCKStrain, added: " For years, consumers have been purchasing cannabis products with very little information on what exactly is being purchased, but they can now trace strain origin and their CBD and/or THC content, along with other pertinent information.
"With the unique technology of the Master Genome Strain and Clone Registration Program, producers can now guarantee their strains and provide customers with product assuredness."
Put simply, under the scheme, BLOCKStrain's team collects plant data and performs genomic sequencing, which is then registered in a blockchain-enabled database for intellectual property (IP) protection and to validate the strains.
All information gathered from the plants, including their molecular and chemical makeup, can be tracked via the program, said the company.
WeedMD shares eased in Toronto 1.81% to $1.63
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