WeedMD Incorporation is a federally-licensed producer and distributor of medical-grade cannabis, is pleased to announce it has received a Health Canada Standard Processing Licence (“Processing Licence”) for its 158-acre Strathroy facility. This marks an important step in the Company’s ability to scale up production, packaging and distribution of cannabis products from its large scale production site.
“Our recently announced outdoor production expansion combined with this Processing Licence positions WeedMD with the ability to fully execute on its plans to scale up our downstream capacity in packaging and distribution,” said Keith Merker, CEO of WeedMD. “This is another critical milestone that will enable WeedMD to address the current supply bottlenecks being experienced across the Canadian cannabis industry.”
As previously announced, WeedMD plans to increase its total yield to more than 150,000 kgs of quality-driven greenhouse and outdoor cultivation – all of which is expected to be at full capacity in 2020. The Company has connected to Health Canada for an alteration to its Strathroy permit to extend past its nursery development with an underlying 25-section of land, ease, open air develop activity in 2019. Open air develop video here. An extra 75 sections of land of open air develop is wanted to come online in Phase II in 2020.
WeedMD Inc. is the traded on an open market parent organization of WeedMD Rx Inc., a governmentally authorized maker and wholesaler of cannabis items for both the restorative and grown-up use markets. The Company possesses and works two offices: a 26,000 sq. ft. indoor office in Aylmer, Ontario and a best in class nursery and open air office situated on 158 sections of land in Strathroy, Ontario. The Company as of now has 136,000 square feet of authorized creation space between the two locales and is relied upon to have an all-out impression of in excess of 550,000 square feet of indoor and nursery generation notwithstanding in excess of 25 sections of land of open air development space online in the primary portion of 2019.