WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE), a federally-licensed producer and distributor of medical-grade cannabis, is pleased to announce that it has entered into a supply agreement with Manitoba Liquor and Lotteries Corporation (“MBLL”) to supply branded cannabis products to the province’s private cannabis retailers.
“With our recent production capacity expansion, we are thrilled to announce the addition of another provincial partner at a time when high-quality cannabis is in full demand across Canada,” said Brett Moon, SVP, Sales and Marketing at WeedMD. “Our branded products are widely-recognized by Canada’s discerning consumers and an additional supply opportunity directly supports our strategy for capturing and increasing recreational market share. We look forward to working with the MBLL and Manitoba's retailers, while remaining committed to fulfilling our supply agreements with provincial distribution agencies across the country.”
With the recent licensing of its six grow rooms, WeedMD now has a production capacity of over 110,000 sq.ft at its modern greenhouse facility. The Company is on track to increase its cultivation platform to more than 550,000 sq.ft. by Q1 2019. Latest greenhouse update 2019 video here.
The agreement with the MBLL is the sixth supply agreement signed by WeedMD. In addition to Manitoba, the Company has signed agreements with the Ontario Cannabis Retail Corporation (OCRC) operating as the Ontario Cannabis Store (OCS), the Alberta Gaming, Liquor & Cannabis Commission (AGLC), the British Columbia Liquor Distribution Branch (BCLDB), the Nova Scotia Liquor Corporation (NSLC) and Shoppers Drug Mart. Additionally, WeedMD continues to be engaged in advanced discussions with other provincial liquor boards and emerging private retail operators.
For more information, access WeedMD’s investor presentation here and recently updated corporate video here.
About WeedMD Inc.
WeedMD Inc. is the publicly-traded parent company of WeedMD Rx Inc., a federally-licensed producer and distributor of cannabis and cannabis oil for both the medical and adult-use markets under the Cannabis Act. 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 110,000 square feet of licensed space in production and is expected to have a total footprint of more than 550,000 square feet online in early 2019. 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.