WeedMD Inc announced Thursday that it had confirmed interim Chief Financial Officer Nichola Thomspon to a permanent position with the cannabis company.
CEO Keith Merker said in a statement that Thompson has become an integral member of the executive team, taking on many key initiatives including securing and finalizing the $39 million secured credit facility with BMO.
The Ontario-based company also announced it is expanding its commercial footprint to include corporate offices in downtown Toronto, and London, Ontario, both of which will open in spring 2019.
WeedMD’s corporate offices will accommodate the company’s plan for future organizational growth and provide it with greater access to Canada’s business networks as well as a strong pool of corporate talent to drive commercial growth across the country, according to a statement from the company.
Shares of WeedMD were trading at C$1.87 on Thursday in Toronto and at US$1.38 south of the border.
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