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WeedMD wins approval to supply cannabis in Saskatchewan

Last updated: 04:03 26 Feb 2019 AEDT, First published: 00:24 26 Feb 2019 AEDT

cannabis greenhouse
WeedMD’s cannabis products are also in Ontario, Nova Scotia, Alberta and British Columbia

WeedMD Inc.(OTCMKTS:WDMF) (CVE:WMD) has won approval from the Saskatchewan Liquor and Gaming Authority to supply cannabis to the province’s retail and wholesale markets.

Saskatchewan is the sixth province where Canadians will be able to purchase WeedMD products. The region has a different model that allows for both the sale and the distribution of cannabis by the private sector.

READ: WeedMD completes first shipment of medical cannabis products to Shoppers Drug Mart

“We are thrilled to be creating partnerships directly within this market which forms another component of WeedMD's diverse distribution network, providing premium-branded products to both the government and private sectors across Canada and further positioning the Company for emerging global markets,” said Brett Moon, senior vice-president for sales and marketing at WeedMD.

READ: WeedMD, the medical cannabis producer, well positioned and evolving going into 2019

In addition to Saskatchewan, WeedMD’s cannabis products are now on offer in Ontario, Nova Scotia, Alberta and British Columbia and will soon be available in Manitoba.

WeedMD Inc. is the parent of WeedMD Rx Inc., a licensed producer and distributor of cannabis and cannabis oil for the medical and recreational markets under Canada’s cannabis act. The company operates two production facilities: a 26,000 sq. ft. indoor facility in Aylmer, Ontario and a greenhouse in Strathroy, Ontario.

Shares nudged up 2.3% in Toronto to $1.92

---Updates for share price--- 

Contact Ellen Kelleher at ellen@proactiveinvestors.com

Buds & Duds: Cannabis stocks cruise; WeedMD perks up on news of first...

Buds today are WeedMD (CVE:WMD) (OTCMKTS:WDDMF), The Green Organic Dutchman Holdings Inc (TSE:TGOD) (OTCMKTS:TGODF). The duds are Aphria Inc (TSE:APHA) (NYSE:APHA), Auxly Cannabis Group Inc (CVE:XLY) (OTCMKTS:CBWTF). 

on 18/4/19