Recent Breaking News: WeedMD Signs Supplier Agreement with Shoppers Drug Mart

WeedMD Inc. (OTC: WDDMF) (TSX-V: WMD) is a federally-licensed cannabis producer and distributor in Canada and on June 20th, announced the agreement to become Shoppers Drug Mart’s medical cannabis supplier.

Canada had legalized cannabis nationwide on June 19th, and the following day WeedMD reported the agreement. As Canada does not currently allow the sale of medical cannabis in brick and mortar pharmacy stores, it is expected that the cannabis will be sold online via Shoppers Drug Mart’s online portal. Subject to Health Canada’s approval, WeedMD would become the 4th major cannabis distributor that Shoppers Drug Mart has developed an agreement with. Specifically, WeedMD has been sought out for its access to the female and senior’s markets, as the Company continues to work to expand its offerings to the niches.

“WeedMD’s medical cannabis products have become a trusted source for the seniors’ market and we are excited to expand accessibility to all medical cannabis patients through this strategic agreement with Canada’s leading provider of pharmacy products and services,” said Michael Kraft, Chairman of WeedMD. “As one of the most trusted names in pharmacy retailing and patient support services, we are pleased to be partnering with Shoppers Drug Mart as it looks to WeedMD for the supply of premium medical cannabis. Our strains directed at seniors’ and womens’ health will add a range of depth to Shoppers Drug Mart’s anticipated medical cannabis product offerings.”

The Company plans to use its licensed, large-scale greenhouse as the main supply source for its medical cannabis, with plans to expand production to adult-use cannabis in the near future.

 

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