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WeedMD (TSXV: WMD) Has officially started registering patients and fulfilling orders through its online store

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The company, a licensed producer of medical Cannabis under the Canadian Access to Cannabis for Medical Purposes Regulations., operates a 26,000 square foot, scalable production facility in Aylmer, Ontario, with more than four acres of property for future expansion.

Additional Information:

Company: WeedMD
Website: http://www.weedmd.com
Stock Symbol: TSXV: WMD)
Date Published: Jun 1, 2017
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

WeedMD (TSXV:WMD) has officially started registering patients and fulfilling orders through its online store.

The company, a licensed producer of medical Cannabis under the Canadian Access to Cannabis for Medical Purposes Regulations., operates a 26,000 square foot, scalable production facility in Aylmer, Ontario, with more than four acres of property for future expansion.

Starting pre-registration in May, the company has already developed a wait list of more than 1,000 patients, and plans to leverage its clinic relationships to further accelerate enrollment.

The number of medical patients in Canada is fast approaching 200,000 - a clear demonstration of the demand for a more natural alternative to traditional pharmaceuticals.

WeedMD has an inventory of well over 300 kilograms of dried product in its vault and ready for sale,
representing a variety of strains with varying levels of CBD and THC to address the diverse needs of medical patients in Canada.

The company also anticipates starting sales of cannabis starting materials within the coming week.

Bruce Dawson-Scully, CEO, stated: “We are extremely excited to finally open our doors to patients and begin offering access to our diverse selection of medical cannabis. This represents a major milestone for our Company and is only just the beginning of what we plan to achieve.”

The company began trading on the TSX Venture Exchange on April 29, 2017, following a qualifying transaction with Capital Pool Company, “Aumento Capital V”.

The shares are trading at $0.92, and with 60.5 million shares outstanding, the company is capitalized at $55.7 million.

For more information, please visit the company’s website www.weedmd.com or contact Keith Merker, CFO, at 519-765-2440 ext 222 or email investor@weedmd.com.

I’m Samantha Deutscher for Investmentpitch Media