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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 angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

Quick facts: WeedMD Inc

Price: 0.56 CAD

Market: TSX-V
Market Cap: $115.64 m

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