Article by Proactive Investors
WeedMD Inc (TSX-V:WMD, OTCQX:WDDMF) said Tuesday that it has secured a license from Health Canada to sell cannabis cultivated at its greenhouse in Strathroy, Ontario.
The license allows the Toronto-based company to ship cannabis from the greenhouse to a nearby indoor facility in Aylmer, Ontario, for packaging and distribution to its medical and adult-use customers. The license, granted under the Cannabis Act, was originally issued under the Access to Cannabis for Medical Purposes Regulations.
“We are thrilled to secure approval to begin selling the medical-grade cannabis that we’ve been cultivating at our production facility in Strathroy,” CEO Keith Merker said in a statement. “The company continues to meet its production milestones on schedule and on budget.”
He added that WeedMD is on track to have more than 500,000 square feet of cultivation online by 2019.
Last month, the Toronto-based company uplisted to the US OTCQX from the Pink Sheets.