Proactive Investors - Run By Investors For Investors

WeedMD confirms CFO appointment, expands corporate footprint in Ontario

The 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
nichola thompson headshot
WeedMD is expanding its downtown Toronto office on Queen Street West

WeedMD Inc announced Thursday that it had confirmed interim Chief Financial Officer Nichola Thomspon to a permanent position with the cannabis company.

Thompson has over 15 years of finance leadership experience at Discovery Air, Deloitte & Touche and Siemens Canada before joining WeedMD in January 2018.

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.

READ: WeedMD secures processing license for its Strathroy cultivation facility

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.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

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

WeedMD Inc. Timeline

Related Articles

cannabis flower
April 26 2019
The company's footprint continues to grow as it focuses on becoming a globally recognized house of brands with a broad portfolio of clients across North America
cannabis leaf
May 08 2019
The company plans to leverage its portfolio of brands as well as its distribution network of more than 39,000 European pharmacies to maximize margins and profitability
data graphic
March 22 2019
The Toronto company is busy meeting what it says is significant demand by building a data asset covering the medical cannabis sector
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