WeedMD graduates to the OTCQX from the Pink market

The Canadian cannabis company WeedMD Inc (TSX-V:WMD; OTCQX:WDDMF) has uplisted to the OTCQX from the Pink market and will begin trading today under the symbol WDDMF.

WeedMD’s graduation to the OTCQX Best Market will improve the efficiency and transparency of its trading and allow the company to draw more investors, particularly in the US.

“Having our company traded on the OTCQX Best Market allows us to have more visibility in the US market and to build greater liquidity among current and future shareholders,” said Keith Merker, chief executive of the company.

Read: WeedMD makes first shipments of branded cannabis product ahead of landmark October 17 date

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

Ahead of October 17, when recreational cannabis becomes legal in Canada, WeedMD has reached five cannabis supply and purchase agreements.

Read: WeedMD exports genetics to Australian medical pot producer

These include deals with the Alberta Gaming, Liquor & Cannabis Commission (AGLC), the British Columbia Liquor Distribution Branch (BC LDB), the Nova Scotia Liquor Corporation (NSLC), the Ontario Cannabis Retail Corporation (OCRC), operating as the Ontario Cannabis Store (OCS) and Shoppers Drug Mart.

WeedMD shares held steady Monday to finish at $1.62.

Story by ProactiveInvestors