WeedMD (WMD.V) acquired a licensing amendment from Health Canada today allowing them expanded privileges, including the ability to produce, package, sell and distribute cannabis in all formats from its flagship cultivation and processing site in Strathroy, Ontario.

Their 610,000 square foot hybrid-greenhouse in Strathroy is presently operating at full capacity with a 210,000 square foot canopy, and extra drying and processing space.

“The ability to sell our growing portfolio of cannabis products to provincial distributors and the medical market from our Strathroy cultivation hub will accelerate our path to profitability as we continue to execute on our consolidation plans – achieving operational efficiencies with speedier product fulfilment. Additionally, it provides us with the flexibility to further commercialize the ready-to-use space at our modern greenhouse in Strathroy for the production and shipment of high-margin new cannabis formats such as a variety of extracts, topicals and edibles. It also provides a runway for growth should we elect to scale-up or consider future expansion opportunities and partnerships,” said Angelo Tsebelis, CEO of WeedMD.

The company’s outdoor grow, spanning some 27-acres and operating at a reduced cost, has been operating for two years. It’s located on site with 50,000 square foot licensed processing facility dedicated to processing outdoor cannabis. The outdoor harvest is anticipated to begin in October and will provide input material that’s rich in terpenes and high in cannabinoids for both extraction and dried flower formats, like pre-rolls and ready to roll. Their fully-licensed extraction centre in Aylmer, Ontario, produces cannabis derivatives and its Bowmanville, Ontario facility handles the company’s medical cannabis wing for both fulfilment and distribution.

—Joseph Morton

Written By:

Joseph Morton

Joseph is a Vancouver-based author and journalist with both a communications degree and journalism diploma (and a few novels) under his belt. His joie de vivre is to spin difficult technical topics into more human-centric narratives. Buy him a coffee and he'll talk your ear off for hours about privacy issues, blockchain, cryptocurrency and martial arts. Don't talk to him if you're either a tomato, a bully, or if you're not a fan of either 1984 or Tender is the Night. No. You can still talk to him. Just be prepared to be told why you're wrong.

More By This Author
Tags:
Cannabis
Growing
cannabinoids
cannabis
cannabis cultivation
cannabis distribution
cannabis sales
Health Canada
Terpenes
WeedMD
WMD.V
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x