WeedMD Posts Open Letter to Shareholders
December 02 2019 - 7:38AM
WeedMD Inc. (
TSX-V:WMD)
(OTCQX:WDDMF) (FSE:4WE) (“
WeedMD”
or the “
Company”), a federally-licensed producer
and distributor of medical-grade cannabis, announced today that it
has posted an open letter to its shareholders to provide additional
background information about its recent 27-acre outdoor harvest
yields, the Starseed Holdings Inc. (“Starseed”) acquisition, and
the $25 million strategic investment from the Labourers’ Pension
Fund of Central and Eastern Canada (known as “LPF”) (the
“Transaction”). The Shareholder Letter was cascaded earlier today
and can be found on WeedMD’s website here.
Access the WeedMD and Starseed Transaction deck
here.
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,
outdoor and processing facility located in Strathroy, Ontario.
WeedMD also operates CX Industries Inc., a wholly-owned subsidiary
of WeedMD Inc. CX Industries 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:
Facebook: https://www.facebook.com/weedmd/LinkedIn: https://www.linkedin.com/company/weedmd/?originalSubdomain=frTwitter: https://twitter.com/WeedMDInstagram: https://www.instagram.com/weedmd/&https://www.instagram.com/callitcolor/
For further information, please contact
WeedMD Inc.:
For Investor Inquiries:James
Williams Director, Capital Markets Email: investor@weedmd.com
For Media Inquiries:
Marianella delaBarreraVP, Communications &
Corporate AffairsTel: 416-897-6644Email: marianella@weedmd.comTo
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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