WeedMD Inc. is a producer licensed by Health Canada under the Cannabis Act. WeedMD has a team of knowledgeable professionals that can provide physicians and clients the resources and guidance needed to customize the best treatment plans. The products are laboratory tested by a third-party to ensure clients have access to safe and consistent products.
WeedMD Inc. is the publicly-traded parent company of WeedMD Rx Inc. The company owns and operates a facility located in Strathroy, Ontario. The 158 acre state-of-the-art greenhouse, outdoor and processing facility is productive. The headquarters of the company are in Ontario. The company was founded in 2014.
WeedMD Inc. is (TSX-V:WMD) and (OTCQX:WDDMF) and (FSE:4WE). The company has a wholly-owned subsidiary called CX Industries Inc. or CX. This subsidiary specializes in extraction, toll processing and third-party product formulation from WeedMD's fully-licensed Aylmer, Ontario facility. CX Industries Inc. will have the ability to process more than 200,000 kg of biomass at its peak level production in 2020. WeedMD Inc. company owns the 26,000 sq. ft. extraction and processing facility in Aylmer, Ontario operating as CX Industries Inc.
WeedMD has an effective distribution strategy. The strategy includes selling directly to medical patients, relationships across the seniors' market and supply agreements with Shoppers Drug Mart. Also, there are agreements with 6 provincial distribution agencies where WeedMD's adult-use brand Color Cannabis is sold.
Investors are interested in the WeedMD Inc. stock. It is worth about 30% less than CannTrust (TSX:TRST). WeedMD (TSXV:WMD) is cheaper than a lot of other cannabis stocks.
Recently, WeedMD announced that it is buying up Starseed, a union-backed medical cannabis company. The acquisition of Starseed has many advantages. It improves the customer reach.
As WeedMD goes forward, the company is making an effort to continue to lower its growing costs while maintaining its high-quality product. In the most recent quarter, its average costs were down another 22% to $1.42/gram for all-in sales costs.
The upcoming marijuana boom could benefit this company. Investors should consider the advantages of these types of markets.
WeedMD Inc shares are really growing well recently in Canada. Acquisition of Starseed Holdings Inc is a really good deal. First outdoor harvest season was a success. It cultivated 17,000 kg of dried flower.
ReplyDeleteWeedMD launched Color Cannabis as its adult-use brand. These products include a variety of strains in multiple formats. The cannabis is high quality. Color Cannabis products are in stores and online as of mid-June 2019.
Here’s a cryptic message from the boss: the world is no longer seen in black and white (whatever that means?) (you mean TV is not black and white anymore?).
People who are totally color blind, a condition called achromatopsia, can only see things as black and white or in shades of gray. Color vision deficiency can range from mild to severe. This depends on the cause. But, that’s not relevant. Let’s get back to the point of this.
The brand is Color Cannabis. Consumers should experience cannabis in their own unique way. Colour schemes stand out. The brand is forward-thinking. That’s what I would expect marketing campaigns to say, I guess.
Be careful about taking recreational pot to United States. Some of the things that are legal in Canada are not legal in USA. Companies will profit by jumping to sell products as soon as they become legal.
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