Proactive Investors - Run By Investors For Investors

WeedMD and Blockstrain Technology hail industry-first cannabis validation program

The Ontario-based company said that the program was an industry first
WeedMD and Blockstrain Technology hail industry-first cannabis validation program
Consumers appreciate the traceability of cannabis, said WeedMD

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.

READ: WeedMD teams up with Pita Pit Canada to launch retail services provider Pioneer Cannabis

"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

Contact Giles at [email protected]

Follow him on Twitter@Gile74

Join Proactive’s Crypto, Blockchain and Cannabis Telegram group here
View full WMD profile View Profile

WeedMD Inc. Timeline

Related Articles

November 02 2018
Back Home Medical Cannabis Corp has agreed on a 24,000-kilogram three-year production and supply agreement
cannabis extract
January 16 2019
The Kelowna, BC-based cannabis company specializes in the research, development, production, and testing of high-quality cannabis extracts and oils
A cannabis facility
December 02 2018
The Vancouver-based medicinal cannabis grower’s Queensland facility will be the world's largest greenhouse cannabis operation, covering a 99-acre site
Copyright ©, 2019. All Rights Reserved - Proactive Investors North America Inc., Proactive Investors LLC

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use