WeedMD gets Ontario supply deal

WeedMD is the latest federally-licensed producer to secure a deal with Ontario’s provincial cannabis-retail corporation.

The company will initially supply cannabis for online sales. It will supply private retailers once the province implements its new framework.

“This counts as a significant milestone for WeedMD as it advances our strategic plan to develop a national distribution network at optimal price points,” said WeedMD CEO Keith Merker.

The company also has supply agreements with Alberta, British Columbia, Nova Scotia, and Shoppers Drug Mart.

It is continuing its “advanced discussions” with other provincial liquor boards and emerging private retail operators, according to a news release.

WeedMD Inc. is the publicly-traded parent company of WeedMD Rx Inc., a federally-licensed producer and distributor of cannabis and cannabis oil under the Access to Cannabis for Medical Purposes Regulations.

The company operates two facilities: a 26,000 sq. ft. indoor facility in Aylmer, Ontario and a state-of-the-art greenhouse facility located in Strathroy, Ontario.

The Greenhouse currently has 44,000 square feet of licensed space in production and is expected to have a total footprint of more than 500,000 square feet online by year-end 2018.

WeedMD has a multi-channeled distribution strategy that includes supply agreements with Shoppers Drug Mart and provincial distribution agencies.

 

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