WeedMD will supply the BC market with cannabis products starting October
WeedMD Inc. (TSX-V:WMD) (OTC:WDDMF) (FSE:4WE) (“WeedMD” or the “Company) is pleased to announce it has entered into a memorandum of understanding with the British Columbia (“BC”) Liquor Distribution Branch (“LDB”) to supply the province with high-quality, branded cannabis products for sale in BC’s adult-use market.
“BC is widely recognized for having one of the most mature and developed cannabis consumer markets in Canada. We are very proud that the province will be offering WeedMD’s quality products,” said Keith Merker, Chief Executive Officer of WeedMD. “As the provinces develop their cannabis retail strategies, we are emerging as a supplier to multiple distribution channels and categories. This deal is another step in our strategy to provide access to our products in emerging legal adult-use markets across the country.”
“We are thrilled to be reaching this significant milestone in developing a competitive wholesale assortment for non-medical cannabis,” said Blain Lawson, LDB’s general manager and CEO. “The volume, variety and quality of our product assortment speak to the LDB’s commitment to working towards eliminating the illicit market.”
WeedMD will supply the BC market with cannabis products at the advent of legal sales starting October 2018. This agreement represents another key milestone in WeedMD’s strategic plan to develop a national distribution platform for the Company’s medical and adult-use products, building upon the recent announcement of WeedMD’s respective supply agreements with the Alberta Gaming, Liquor and Cannabis Commission (AGLC) and Shoppers Drug Mart1. WeedMD is actively working with additional provincial distributors, regulators, and retailers to expand its adult-use distribution program, particularly as the Company completes the final stages of its 220,000 sq. ft. greenhouse retrofit within its 610,000 sq. ft. greenhouse facility in Strathroy, Ontario.
1 Pending Health Canada approval
Original Source: Investor Intel