WeedMD Inc. a federally-licensed producer and distributor of medical-grade cannabis, announced today that it will file its financial statements for the first quarter ended March 31, 2020 on or before July 15, 2020. Due to unforeseen circumstances and logistical challenges resulting from the COVID-19 pandemic, WeedMD’s auditors requested a date postponement within the blanket 45-day exemption window provided by the regulators*.
*Due primarily to the impact of the coronavirus (COVID-19) pandemic, the Canadian Securities Administrators (CSA) and the Toronto Stock Exchange (TSX) have granted issuers a blanket 45-day extension for filing financial statements, management’s discussion and analysis (MD&A), annual information forms (AIFs), technical reports and business acquisition reports (BARs). BMO also consented to the extension, in accordance with the credit agreement dated March 29, 2019. WeedMD confirms that all insiders are subject to a blackout period during this extension.
About WeedMD Inc.
WeedMD Inc. is the publicly-traded parent company of WeedMD RX Inc. and Starseed Medicinal Inc., federally-licensed producers of cannabis products for both the medical and adult-use markets. The Company owns and operates a 158-acre state-of-the-art greenhouse, outdoor and processing facility located in Strathroy, Ontario as well as CX Industries Inc., a wholly-owned subsidiary which specializes in cannabis extraction from the Company’s fully-licensed 26,000 sq. ft. Aylmer, Ontario processing facility. With the addition of Starseed, a medical-centric operator based in Bowmanville, Ontario, WeedMD has expanded its multi-channeled distribution strategy. Starseed’s industry-first, exclusive partnership with LiUNA, the largest construction union in Canada, along with other employers and union groups complements WeedMD’s direct sales to medical patients. The Company maintains strategic relationships in the seniors’ market and supply agreements with Shoppers Drug Mart as well as six provincial distribution agencies where adult-use brands Color Cannabis and Saturday are sold.
Follow WeedMD, Color Cannabis & Starseed:
Facebook: https://www.facebook.com/weedmd/
LinkedIn: https://ca.linkedin.com/company/weedmd
Twitter: https://twitter.com/WeedMD
Instagram: https://www.instagram.com/weedmd/
Instagram: https://www.instagram.com/callitcolor/
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Instagram: https://www.instagram.com/starseedca/
For further information, please contact:
For Investor Enquiries:
Valter Pinto
Managing Director
KCSA Strategic Communications
1-212-896-1254
weedmd@kcsa.com
For Media Enquiries:
Marianella delaBarrera
VP, Communications & Corporate Affairs
416-897-6644
marianella@weedmd.com