Breaking News: WeedMD Signs Supply Agreement with the Ontario Cannabis Retail Corporation

WeedMD Inc. (OTC: WDDMF) (TSX-V: WMD) a federally-licensed producer and distributor of cannabis, is pleased to announce that it has entered into a supply agreement with the Ontario Cannabis Retail Corporation (“OCRC”), operating as the Ontario Cannabis Store (“OCS”) to supply branded cannabis products to the adult-use market in the Province of Ontario.

Under the agreement, the Company will initially supply its cannabis products for online sales via the OCS and will expand to supply Ontario’s private retailers once the province implements an approved framework.

“As a leading Ontario licensed producer, we’re thrilled to announce that adult consumers in our home province will have access to our trusted, medical-grade cannabis strains and products this fall,” said Keith Merker, Chief Executive Officer of WeedMD. “This counts as a significant milestone for WeedMD as it advances our strategic plan to develop a national distribution network at optimal price points to ensure the Company’s medical and adult-use products are available from coast-to-coast.”

The agreement with the OCRC is the fifth supply agreement signed by WeedMD. In addition to Ontario, the Company has signed agreements with the Alberta Gaming, Liquor & Cannabis Commission (AGLC), the British Columbia Liquor Distribution Branch (BC LDB), the Nova Scotia Liquor Corporation (NSLC) and Shoppers Drug Mart1. Additionally, WeedMD continues to be engaged in advanced discussions with other provincial liquor boards and emerging private retail operators.

For more information, access our investor presentation here and corporate video here.

1 Pending Health Canada approval

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2 Comments
  1. Gar Trents 2 months ago
    Reply

    this is huge for WeedMD in Ontario, but how will this work with other states as each one requires its own license to distribute cannabis products?

    • Tylor R. 2 months ago
      Reply

      yes, national distribution will be difficult as long as cannabis is not legal on a federal & National level

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