WeedMD Inc (TSXV:WMD) has announced that it has entered into a lease and purchase option agreement with a large scale greenhouse cultivator, Perfect Pick Farms Ltd, in Strathroy, Ontario. Strathroy is conveniently located 30 kilometers away from London, Ontario, and 60 kilometers from WeedMD’s existing facility in Aylmer. As part of this expansion, WeedMD will benefit from a strategic relationship with a strong team of greenhouse management and cultivation specialists that make up Perfect Pick.
Of the total 610,000 square feet of greenhouse facilities, WeedMD will initially lease 217,800 square feet, which is capable of producing 21,000 kilograms of cannabis a year. WeedMD has the option to expand into the remaining space at its own discretion.
WeedMD is fully funded to begin retrofitting its 217,800 square feet, a process the company has already begun in anticipation of their first harvest in June 2018. The company anticipates that the retrofitting cost will be lower than $70 per square feet, which is of the lowest in the industry.
As part of the agreement, WeedMD also has the option to acquire a 100 percent interest in the Perfect Pick property, which is made up by 98 acres of land, infrastructure and cultivation equipment.
“This transformational partnership represents an outstanding opportunity for WeedMD, with the potential to increase our production capabilities more than twelvefold in the first year and the optionality to materially increase our footprint in a risk-free, sustainable way over the long-term – all part of our strategic growth plan,” said WeedMD CEO Bruce Dawson-Scully.
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Lobe Sciences Ltd. (CSE: LOBE) (OTC Pink: GTSIF) (“Lobe” or the “Company”) announces that Philip Young, CEO and Director, and Maghsoud Dariani, Chief Science Officer will be presenting on Thursday, February 25th, 2021 at 5:45 pm EST at “The Gold Standard in Psychedelic Investment, Psychedelic Capital Virtual Investment Conference”, a platform showcasing the top companies, latest IPOs, newest opportunities, and deepest industry insights.
As a presenting sponsor, the Company will connect directly with some of the earliest moving investors in the psychedelic industry and reach an audience of 2,000+ investors. Presentations are 30 minutes in length, with 10 minutes allocated to a one-on-one Q&A session with the audience.
As Canadian operators race to strengthen their positions in the cannabis landscape, are international pursuits outside North America still top of mind?
The role that mergers and acquisitions (M&A) have played in the expansion of Canadian companies across the globe has been monumental for the growth of the cannabis industry. Now the space has reached a critical point as the demands of the US market increase.
It’s been just over a year since recreational cannabis was legalised in the Australian Capital Territory (ACT), home to the nation’s capital city of Canberra.
Announced on September 25, 2019, and brought into effect on January 31, 2020, the rules make it legal to possess and personally use small amounts of cannabis.
Pac Roots Cannabis Corp. (CSE: PACR) (“PacRoots” or the “Company”), announces the closing of its previously announced non-brokered private placement (see press release dated January 25, 2021).
Aggregate gross proceeds of $1,340,685.90 were raised through the issuance of 7,448,255 units (each a “Unit”). Each Unit consists of one common shares and one share purchase warrant. Each warrant is exercisable at a price of $0.30 per share until February 23, 2024.
Trulieve Cannabis Corp. Announces Release Date, Conference Call and Webcast for the Fourth Quarter of 2020
Trulieve Cannabis Corp. (“Trulieve” or the “Company”) (CSE: TRUL) (OTC: TCNNF), a leading and top-performing cannabis company in the United States will release its fourth quarter 2020 financial results on Tuesday, March 23, 2021 before markets open. Following the earnings release, management will host a conference call at 8:30 AM Eastern Time to review the financial results.
All interested parties can join the conference call by dialing 1-888-231-8191 or 1-647-427-7450, conference ID: 7066881. Please dial in 15 minutes prior to the call to secure a line. The conference call will be archived for replay until March 30, 2021 . To access the archived conference call, please dial 1-855-859-2056 and enter the encore code 7066881.