WeedMD Inc (CVE:WMD) (OTCQX:WDDMF) (FRA:4WE) said it has entered into a supply agreement with Pax Labs Inc, a leader in premium cannabis vaporizer technology, with award-winning devices for both oil concentrates and flower.
Under the deal, the medical-grade cannabis producer and distributor said it will become a brand partner and supplier for the PAX ERA Collection in Canada, which includes the closed-loop PAX ERA and ERA PRO devices.
READ: WeedMD posts C$5.9M in 2Q revenue as it sharpens focus on higher margin, direct-to-consumer model
WeedMD said the partnership will accelerate the growth of its Cannabis 2.0 product strategy as it expands into new formats using its low-cost, quality-produced, strain-specific biomass. The firm will also produce cannabis oil pods for the ‘pen-and-pod’ vaporizer devices at its extraction hub in Aylmer, Ontario. Additionally, it will sell Color Cannabis and Starseed Medicinal-branded oil pods nationwide through supply arrangements with retailers, and its online medical store.
"As we continue to enhance and expand our new cannabis formats and brand reach for Color and Starseed, we’re proud to partner with PAX, and we are looking forward to adding its line up to our growing portfolio of 2.0 brands. PAX is widely known as a premier innovator in cannabis product vaporizers. With its award-winning brand appeal and consumer-favoured hardware offerings, PAX is perfectly suited to be paired with WeedMD’s quality-produced, terpene-rich cannabis concentrates,” WeedMD chief executive Angelo Tsebelis said in a statement.
"PAX is thrilled to welcome WeedMD, a leader in the medical cannabis channel in Canada, to our Canadian Brand Partner family. WeedMD has a record of delivering high-quality, novel products to patients and consumers in varied consumption methods. We look forward to growing together across all channels, rooted in our shared rigor in quality, innovation, and access to information, to bring these products to medical and adult-use consumers across the country," added Tim Pellerin, general manager, Canada & International at PAX Labs.
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