WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF)
(FSE:4WE) (“
WeedMD” or the
“
Company”), a federally-licensed producer and
distributor of medical-grade cannabis, is pleased to confirm it has
commenced harvesting its inaugural outdoor-cultivated cannabis crop
located on 27 acres at its state-of-the-art facility in Strathroy,
Ontario. With over 35 varietal strains cultivated outside, the
harvesting process will run over a four week period as the plants
complete their grow cycles. Outdoor Harvest video here.
The Company will host an open house for
representatives of the media, local area dignitaries, business
leaders and financial analysts in recognition of the ongoing
outdoor harvest on Thursday, October 3rd in Strathroy,
Ontario.
As one of Canada’s most established cultivators
of quality-produced cannabis, WeedMD’s flagship operations includes
a 610,000 square foot hybrid greenhouse and processing facility.
The equally impressive outdoor grow covering over 27 acres is
slated to produce the most prolific outdoor harvest in the industry
to date.
WeedMD’s CEO Keith Merker, Chief Cannabis
Officer Derek Pedro and the leadership team will kick-off the event
at 11:00am local time. Specific details including
ways to RSVP and sign-up for complimentary transportation for
media, analysts and guests travelling from Toronto or London,
Ontario can be found here.
Please note, in accordance with Health Canada’s
security and safety regulations, access to the site will be
strictly controlled. Only registered and approved media
representatives and specially invited and registered guests will be
permitted to access the secured site.
About WeedMD Inc.
WeedMD Inc. is the publicly-traded parent
company of WeedMD Rx Inc., a federally-licensed producer of
cannabis products for both the medical and adult-use markets. The
Company owns and operates a 158-acre state-of-the-art greenhouse
and outdoor facility located in Strathroy, ON. The Company also
operates CX Industries, a wholly-owned subsidiary of WeedMD Inc. CX
operates out of the Company’s fully-licensed 26,000 sq. ft. Aylmer,
Ontario production facility which specializes in cannabis
extraction and processing. WeedMD has a multi-channeled
distribution strategy that includes selling directly to medical
patients, strategic relationships across the seniors’ market and
supply agreements with Shoppers Drug Mart as well as six provincial
distribution agencies where WeedMD’s adult-use brand Color Cannabis
is sold.
Follow WeedMD & Color Cannabis:
https://www.facebook.com/weedmd/
https://www.linkedin.com/company/weedmd/?originalSubdomain=fr
https://twitter.com/WeedMD https://www.instagram.com/weedmd/
&
https://www.instagram.com/callitcolor/
For further information about the event
or media inquiries:
Deborah Belcourt Senior Consultant, Halo & Co.Tel:
416-268-2148 Email: deborah@haloandco.co WeedMD
Inc.
Marianella delaBarreraVP, Communications & Corporate Affairs
Email: marianella@weedmd.com
To learn more, visit us at www.weedmd.com
Forward Looking Information
This press release contains "forward-looking
information" within the meaning of applicable Canadian securities
legislation which are based upon WeedMD's current internal
expectations, estimates, projections, assumptions and beliefs and
views of future events. Forward-looking information can be
identified by the use of forward-looking terminology such as
"expect", "likely", "may", "will", "should", "intend",
"anticipate", "potential", "proposed", "estimate" and other similar
words, including negative and grammatical variations thereof, or
statements that certain events or conditions "may", "would" or
"will" happen, or by discussions of strategy.
The forward-looking information in this news
release is based upon the expectations, estimates, projections,
assumptions and views of future events which management believes to
be reasonable in the circumstances. Forward-looking information
includes estimates, plans, expectations, opinions, forecasts,
projections, targets, guidance or other statements that are not
statements of fact. Forward-looking information in this news
release include, but are not limited to, statements with respect to
internal expectations, expectations with respect to actual
production volumes, expectations for future growing capacity and
the completion of any capital project or expansions.
Forward-looking information necessarily involve known and unknown
risks, including, without limitation, risks associated with general
economic conditions; adverse industry events; loss of markets;
future legislative and regulatory developments; inability to access
sufficient capital from internal and external sources, and/or
inability to access sufficient capital on favourable terms; the
cannabis industry in Canada generally; the ability of
WeedMD to implement its business strategies; competition; crop
failure; and other risks.
Any forward-looking information speaks only as
of the date on which it is made, and, except as required by law,
WeedMD does not undertake any obligation to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise. New factors emerge from
time to time, and it is not possible for WeedMD to predict all such
factors. When considering this forward-looking information, readers
should keep in mind the risk factors and other cautionary
statements in WeedMD's Annual Information Form dated June 21, 2019
(the "AIF") and other disclosure documents of WeedMD filed with the
applicable Canadian securities regulatory authorities on SEDAR at
www.sedar.com. The risk factors and other factors noted in the AIF
and other disclosure documents could cause actual events or results
to differ materially from those described in any forward-looking
information.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE
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