WeedMD adds six grow rooms to its Ontario greenhouse, boosting production capacity
WeedMD Inc (TSX:WMD) (OTCQX:WDDMF) announced Thursday it has added six additional grow rooms to its greenhouse in Strathroy, Ontario, boosting its production capacity to 110,000 square foot.
Shares of WeedMD dipped slightly to C$1.39 in Thursday afternoon trading.
READ: WeedMD receives Health Canada approval for addition of six cannabis cultivation rooms
The cannabis company also operates a 26,000 square foot indoor facility in Aylmer, Ontario.
WeedMd is set to increase its cultivation platform to more than 550,000 square feet by early 2019.
“Our experienced operational team combined with our state-of-the-art hybrid greenhouse have enabled us to bring production online faster and more cost-effectively than any other Canadian licensed producer,” said CEO Steve Merker in the company’s press release.
Merker added that WeedMD is nearing an annual production capacity of more than 50,000 kilograms.
Shoppers Drug Mart began distributing the company’s branded products across Canada at the beginning of the year.
WeedMD also teamed up on a joint venture with food and beverage company Phivida Holdings Inc (CSE:VIDA) (OTCQX:PHVAF)to develop CBD-infused beverages.
Beyond Canada, the company recently introduced its cannabis genetics Australia and Israel.
WeedMD is the parent company of WeedMD Rx Inc, a cannabis producer serving medical and adult-use markets.
–Contact Lenore Fedow at [email protected]
–Follow her on Twitter: @LenoreMariee
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/211927/weedmd-adds-six-grow-rooms-to-its-ontario-greenhouse-boosting-production-capacity-211927.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).