WeedMD Announces Leadership Change and Appoints New CEO as Company Accelerates Growth Initiatives
Angelo Tsebelis, currently President of WeedMD, is appointed Chief Executive Officer.
WeedMD to Hold Special Meeting of Shareholders on February 4th, 2020 at 10:00 a.m. to Finalize $25M Strategic Equity Investment
WeedMD is pleased to confirm that a special meeting of shareholders of WeedMD will take place as scheduled on February, 4, 2020 at 10:00 a.m. (EST) at Fogler, Rubinoff LLP, located at TD Centre North Tower, Suite 3000, 77 King Street West, Toronto, Ontario.
WeedMD Subsidiary Starseed Medicinal Signs LiUNA’s London, Ontario Local to Medical Cannabis Program
Starseed is now the preferred medical cannabis supplier to five LiUNA Locals including London Local 1059’s 4,000 members through their health benefit plan.
WeedMD Closes Acquisition of Starseed Holdings Inc. and $25 Million Subscription Receipt Financing
WeedMD enhances management team & board of directors, announces new chair.
WeedMD Reports Third Quarter 2019 Financial Results and Announces Strategic Combination with Starseed
WeedMD is pleased to report its financial and operating results for the three-months ended September 30, 2019, including net revenue of $6.7 million and gross margin of 29%.
WeedMD Announces Strategic Combination with Starseed Holdings Inc. and Secures $25 Million Cornerstone Investment
WeedMD’s leading cultivation and processing capabilities to provide consistent, high-quality supply for Starseed’s unique sales platform of captive cannabis-insured medical patients.
WeedMD Changes Third Quarter 2019 Earnings Conference Call Time to 1 p.m. EST on November 29th
WeedMD company financials and corporate update will now be filed on November 29, 2019.
WeedMD Appoints Seasoned Management Team to Lead Commercial Extraction Affiliate CX Industries Inc.
Newly-appointed CX team includes veteran pharma leader Tricia Symmes as General Manager and skilled concentrates leader Logan Marynissen as Director of Extraction.
WeedMD to Host Third Quarter 2019 Earnings Conference Call on November 29 at 10 a.m. Eastern Time
WeedMD company financials and corporate update will be filed after market on November 28, 2019.
WeedMD Provides Corporate Update and Schedules Q3 2019 Earnings Call for November 29th
Company completes inaugural outdoor cannabis harvest; CX Industries enters commercial operations; Health Canada grants WeedMD approval to produce extracts, edibles & topicals.
WeedMD Secures Health Canada Licence for 50,000-Square-Foot Purpose-Built Cannabis Processing Facility
WeedMD is pleased to announce that it has secured a Health Canada licence amendment approval for its purpose-built processing facility in Strathroy, Ontario. The stand-alone, 50,000 sq. ft. custom-built structure, located on WeedMD’s 158-acre Strathroy property, will dry, process and cure all remaining outdoor-cultivated cannabis in 2019 and is built to process and store more than 40 tons of dried cannabis biomass.
WeedMD to Host Media and VIP Open House to Showcase Harvest of its Outdoor-Cultivated Cannabis
Experiential event on Oct. 3rd spotlights Company’s unique outdoor cultivation practices.
WeedMD Closes its $13.1 Million Bought-Deal Offering
WeedMD is pleased to announce that it has closed its previously-announced bought-deal short-form prospectus offering of convertible debenture units at a price of $1,000 per Convertible Debenture Unit for aggregate gross proceeds of $13,115,000, which includes proceeds from the over-allotment option. The Offering was led by Mackie Research Capital Corporation, and included Haywood Securities Inc..
WeedMD Announces Upsize of its Previously Announced Bought-Deal Offering of Convertible Debenture Units to $12 Million
WeedMD is pleased to announce that is has entered into a revised agreement with Mackie Research Capital Corporation as the lead underwriter and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters, including Haywood Securities Inc., to increase the size of the previously announced bought-deal short-form prospectus offering to 12,000 convertible debenture units at a price of $1,000 per Debenture Unit, for aggregate gross proceeds to the Company of $12,000,000.
WeedMD Announces $10 Million Bought Short Form Prospectus Offering of Convertible Debenture Units
WeedMD is is pleased to announce that is has entered into an agreement with Mackie Research Capital Corporation as the lead underwriter and sole bookrunner, on its own behalf and on behalf of a syndicate of underwriters, including Haywood Securities Inc., pursuant to which the Underwriters have agreed to purchase, on a bought-deal basis, 10,000 convertible debenture units for gross proceeds to the Company of $10,000,000 at a price of $1,000 per Debenture Unit.
WeedMD Reports Second Quarter 2019 Financial Results
WeedMD is pleased to report its financial and operating results for the three months ended June 30, 2019, including net revenue of $8.0 million and a gross margin of 46%.
WeedMD Assists in Completing Phase 1 of Shoppers Drug Mart & TruTrace’s Medical Cannabis Verification Pilot
WeedMD is pleased to announce that 40 of its medical cannabis strains were included in the completion of the first phase of TruTrace Technologies’ medical cannabis verification pilot project with Shoppers Drug Mart.
WeedMD Reports Preliminary Q2 Net Revenues of $8 Million and Confirms Earnings Call on August 29, 2019
WeedMD is pleased to report preliminary unaudited revenues of $8 million for the three months ending June 30, 2019.
WeedMD Secures Health Canada Approval for 20 Additional Cannabis Cultivation and Processing Rooms
WeedMD is pleased to announce it has secured a Health Canada licence amendment approval to expand production into ten additional 10,000 square foot cultivation rooms and ten new processing rooms at its state-of-the-art hybrid greenhouse in Strathroy, Ontario.
WeedMD Launches Cannabis Extraction Affiliate CX Industries
Wholly-owned subsidiary to drive strategic partnerships in cannabis extraction and tolling.