Article by Uttara Choudhury, Proactive Investors
WeedMD Inc (CVE:WMD) (OTCMKTS:WDDMF) revealed Tuesday that it has successfully completed harvesting its 27-acre outdoor cannabis crop at its sprawling facility in Strathroy, Ontario.
The Toronto-based cannabis company owns and operates a 158-acre state-of-the-art greenhouse, outdoor and processing facility located in Strathroy, Ontario.
In a statement, WeedMD also said it will hold its third-quarter earnings conference call to discuss its financial results on November 29.
Meanwhile, the company provided a corporate update saying it has launched commercial extraction operations at its Aylmer facility. In addition, the company said it has secured a Health Canada licence to produce and sell cannabis concentrates, edibles and topicals at this location, paving the way for the “production and sale of cannabis 2.0 products.”
“With the outdoor harvest now complete, we’ve achieved a significant milestone. WeedMD now has a significant amount of cannabis that we intend to bring to market over the current and coming quarters as both dried flower and in various value-added formats,” said WeedMD CEO Keith Merker in a statement.
“Combining our vertically-integrated extraction business at our CX Industries site in Aylmer with our low-cost production of dried flower, we are well positioned to emerge as a leader in the production and sale of extracts,” he added.