In an interview on BNN Bloomberg, Keith Merker, Chief Executive Officer of WeedMD Inc. (OTCQX: WDDMF) (TSX-V: WMD) explains the possibility of outdoor grow facilities of over 2,000,000 square ft. in their Strathroy, Ontario property.

WeedMD expects to increase its cannabis platform to over 550,000 sq. ft. by the second half of 2019. Although cannabis licensing may hinder producers across Canada, WeedMD’s hybrid greenhouse and land package of 50 acres may support outdoor growing and present a cost-effective cultivation platform.

Furthermore, on January 15th, 2019, WeedMD Inc. partnered with BLOCKStrain, announced the completion of a cannabis strain validation registration program to authenticate cannabis strains with their new tracking platform as they are purchased. WeedMD along with BLOCKStrain have analyzed and documented the DNA of 40 strains in the first ever strain validation registration program. This allows validation of any cannabis product that anyone would receive from WeedMD, back to its origins in the Company’s facilities.

As legal cannabis becomes more prevalent, consumer demand for strain validation will increase. Medical, recreational and pharmaceutical channels will go through strict sequencing and registration of plant DNA in WeedMD’s Alymer, Ontario facility. WeedMD is the first licensed producer to incorporate a tracking platform and strain authenticity into its sales program.

“We now have a total of 40 active cannabis strains from our genetics bank that hold the ‘BLOCKStrain Certificate of Authenticity’ and are able to be cross-referenced as verifiable strains in BLOCKStrain’s database – from genome to sale,” said Keith Merker, CEO of WeedMD.



Additionally, earlier this year, on January 10th, 2019 WeedMD announced the addition of the Manitoba Liquor and Lotteries Corporation to its distribution network. WeedMD’s has a total of five companies in its distribution network including Shoppers Drug Mart in Canada in both medical and adult-use segments. And subsequently on January 11th, 2019, WeedMD in collaboration with Pita Pit, announced the national launch of retail services provider Pioneer Cannabis Corp. Pioneer Cannabis Corp. develops opportunities for consumers to own and operate their own cannabis retail stores. Pioneer Cannabis Corp. will provide aspiring retailers in Canada, access to knowledge and expertise in cannabis retail.

Investment dealer Eight Capital has set a CAD 4.50 price target for WeedMD Inc.