The Latest “Buzz on the Street” Show: Featuring WeedMD Inc. (OTCQX: WDDMF) (TSX-V: WMD)

FinancialBuzz.com’s latest offering, Buzz on the Street, presents our corporate news recap on “WeedMD and Blockstrain Pilot a Proprietary Genome Tracking Program to Protect Cannabis Genetics & Intellectual Property” and “WeedMD Signs Multi-year Retail Sales Distribution Deal with Lifford Cannabis Solutions.” 

WeedMD Inc. (OTCQX: WDDMF) (TSX-V: WMD) is a licensed producer and distributor of cannabis and cannabis oil under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”). The Company operates two facilities: a 26,000 sq. ft. indoor facility in Aylmer, Ontario and a state-of-the-art greenhouse facility located in Strathroy, Ontario. The Greenhouse currently has 44,000 square feet of licensed space in production and is expected to have a total footprint of more than 500,000 square feet online by year-end 2018.

WeedMD has a multi-channeled distribution strategy that includes supply agreements with Shoppers Drug Mart and provincial distribution agencies, as well as through strategic relationships across the seniors’ market in Canada.

According to data compiled by Mordor Intelligence, the global cannabis market was valued at USD 7.7 Billion in 2016 and is expected to reach USD 65 Billion by 2023 while growing at a CAGR of 37% during the forecast period. The growth is explained by the spread of global legalization beginning to take place for medical products as well as recreational. Currently, North America accounts for 95% of the market, while the U.S. makes up more than 90% of the North American region. However, only select states in the U.S. have legalized cannabis for both medical and recreational use, such as CaliforniaNevadaColoradoWashington and a few others. Canada and Uruguay are the only two countries to have passed bills to legalize cannabis nationwide. Impending market regions include European countries such as SpainNetherlands and Italy, who are expected to legalize cannabis for medical use in the shortcoming future.

WeedMD Signs Multi-year Retail Sales Distribution Deal with Lifford Cannabis Solutions

WeedMD and Blockstrain Pilot a Proprietary Genome Tracking Program to Protect Cannabis Genetics & Intellectual Property

For more video corporate news on WeedMD, check out the Buzz on the Street

About Buzz on the Street: One of FinancialBuzz.com’s latest corporate and financial news shows, covering the latest trending stock market news. Buzz on the Street looks to become a leader in corporate video news dissemination. Buzz on the Street is 100% original content, brought to you by Financial Buzz Media.

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3 Comments
  1. Roger Corales 2 weeks ago
    Reply

    WeedMD could be chasing the global cannabis market worth of $194 billion in seven years

    • Lauren Houston 2 weeks ago
      Reply

      I am excited about Canadian research on cannabis, but they are abusing the laws and actually arresting more people now. It’s messed up.

      • Ross Gerber 2 weeks ago
        Reply

        Even with cannabis legalization in Canada, taking #cannabis across the Canadian border remains illegal and can result in serious criminal penalties both at home and abroad

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