WeedMD secures processing licence for new facility
Acquisition Paves The Way For Scaled-Up Production And Processing Of Medical Cannabis
WeedMD has secured a Health Canada Standard Processing Licence for its 158 acre state-of-the-art Strathroy facility. The licence marks an important step in the company’s ability to scale up production, packaging and distribution of cannabis products from its new large-scale production site.
“Our recently announced outdoor production expansion combined with this Processing Licence positions WeedMD with the ability to fully execute on its plans to scale up our downstream capacity in packaging and distribution,” said Keith Merker, CEO of WeedMD.
“This is another critical milestone that will enable WeedMD to address the current supply bottlenecks being experienced across the Canadian cannabis industry,” he went on to say.
WeedMD plans to increase its yield to more than 150,000 kgs of quality-driven greenhouse and outdoor cultivation – with the expectation to be at full capacity in 2020. The company has applied to Health Canada for an amendment to its Strathroy licence to expand beyond its greenhouse cultivation with an initial 25 acre, low-cost, outdoor grow operation in 2019. An additional 75 acres of outdoor growth is planned to come online in Phase II in 2020.