WeedMD looking at next level of success with new Smart Medicines deal; Dr. Domenico Fuoco becomes chief innovation officer

Medical cannabis producer WeedMD Inc (CVE:WMD; OTCQX:WDDMF) says it’s struck lucky with an agreement with a leading product formulation firm Smart Medicines GMP Inc, which will see it extend into varying consumer markets.

And the Montreal firm’s founder and president Dr. Domenico Fuoco has been named now as chief innovation officer of WeedMD.

“Partnering with a team that understands product development – from ideation to formulation, will provide WeedMD with a significant advantage as we plan for long-term success,” said Keith Merker, CEO of WeedMD.

“I’m pleased to welcome Dr. Domenico Fuoco and the Smart Medicines team, who are already applying their expertise in the development of natural health products, drug development and molecular modeling for a variety of cannabis products.

“Their vision is impressive, and together we’ve laid out an ambitious plan to extend into consumer markets such as health and wellness, cosmetics and nutraceuticals.”

Dr Fuoco added: “We’ve already established a five-year plan and we’re ramping up our 10,000 sq. ft. fully-equipped, state-of-the-art laboratory in Montreal to bring WeedMD to the next level of success.”

With nearly 20 years’ analytical chemistry and product development experience, Dr Fuoco is widely recognized in the R&D community.

As the lead on many new drug development programs and clinical trials, he’s also well-versed in registration, supervision and liaising with Health Canada.

He is a graduate of the University of Perugia’s School of Pharmacy and also holds a Ph.D. in Medicinal Chemistry along with the official equivalent in Quebec as a Doctor of Pharmacy.
It’s been a busy spell for WeedMD.

Last week, it signed an agreement for a pilot project that will convert a popular medical cannabis centre in Toronto to a WeedMD cannabis education centre.

Medical cannabis advocate Amy Brown, known as Amy Anonymous, will oversee WeedMD’s new education centre and host a preview “Pop-up Shop” from today until October 18 at the venue on 685 Yonge Street in Toronto, it revealed.

Story by ProactiveInvestors