WeedMD Inc. (
TSX-V:WMD)
(OTCQX:WDDMF) (FSE:4WE) (“
WeedMD”
or the “
Company”), a federally licensed producer
and distributor of medical-grade cannabis, is pleased to announce
that its subsidiary Starseed Medicinal Inc.
(“
Starseed”) has added eligible members of
Labourers’ International Union of North America (“LiUNA”) Local
1258, headquartered in Manitoba, to its full-service medical
cannabis program. Eligible members and their dependents can now
access Starseed products via their benefits provider.
LiUNA is the largest construction union in
Canada which provides benefit coverage to over 300,000 people,
including members and their dependents. With the addition of LiUNA
Local 1258, it becomes the sixth local to be onboarded onto
Starseed’s unique and ground-breaking medical cannabis program,
joining Ontario chapters with locals in Toronto, Hamilton, Windsor
and London currently enrolled in the program.
“We congratulate LiUNA and its newest eligible
members from Local 1258 in Manitoba for continuing to make history
in Canada and around the world as a leader in actively providing
important medical cannabis coverage as an alternate therapy and way
to combat the opioid crisis,” said George Scorsis, Executive
Chairman and Interim CEO of WeedMD. “Starseed has been providing
cannabis education and a full service medical platform rooted in
medical-grade cannabis products to LiUNA members since 2018, and we
welcome Local 1258 to our unique program.”
“For generations, the LiUNA 1258 multi-employer
health and welfare benefit trust plan has been providing affordable
and accessible quality coverage to its members including retirees
and their dependents and we’re pleased to be expanding that
offering to include medical cannabis as a therapeutic alternative,”
said Victor DaSilva, Business Manager of LiUNA Local 1258. “With
Starseed Medicinal, our eligible members now have access to some of
the most trusted products in Canada to suit their individual
healthcare needs as we look to foster access to medical cannabis
education and ease of access.”
Starseed’s medical program is built around
a system that brings together clinical practitioners who specialize
in chronic pain, opioid cessation, and diabetes. Its medical
marketplace is built around a revolutionary Canadian virtual
pharmacy system that takes online orders and has the ability to
intuitively complete the claims management process seamlessly with
insurance carriers.
Access WeedMD’s 2021 Shareholder Newsletter
here. The Company’s updated investor presentation and corporate
deck can be found here.
About WeedMD Inc.
WeedMD Inc. is the publicly traded parent
company of WeedMD RX Inc. and Starseed Medicinal Inc., licence
holders producing and distributing 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, ON as well as a fully-licensed
26,000 sq. ft. Aylmer, ON processing facility, specializing in
cannabis extraction. With the addition of Starseed, a
medical-centric operator, WeedMD has expanded its multi-channeled
distribution strategy. Starseed’s industry-first, exclusive
partnership with LiUNA, the largest construction union in Canada,
along with 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 seven provincial distribution
agencies where adult-use brands Color Cannabis and Saturday
Cannabis are sold.
Follow WeedMD and its brands on
LinkedIn
Twitter:
WeedMD, Color
Cannabis, Saturday
Cannabis &
Starseed
Instagram:
WeedMD, Color
Cannabis, Saturday
Cannabis &
Starseed
For further information, please
contact:
For Investor Enquiries:Valter
PintoManaging Director KCSA Strategic
Communications1-212-896-1254weedmd@kcsa.com
For Media Enquiries:Victoria
MancinelliDirector of Communications, Public Relations &
Marketing
LiUNA1-289-681-1703vmancinelli@liunaopdc.org
Marianella delaBarreraVP, Communications &
Corporate AffairsWeedMD
Inc.1-416-897-6644marianella@weedmd.com
To learn more, visit us at www.weedmd.com
Forward Looking Information
This press release contains "forward-looking information" within
the meaning of applicable Canadian securities legislation which are
based upon WeedMD's current internal expectations, estimates,
projections, assumptions and beliefs and views of future events.
Forward-looking information can be identified by the use of
forward-looking terminology such as "expect", "likely", "may",
"will", "should", "intend", "anticipate", "potential", "proposed",
"estimate" and other similar words, including negative and
grammatical variations thereof, or statements that certain events
or conditions "may", "would" or "will" happen, or by discussions of
strategy.
The forward-looking information in this news
release is based upon the expectations, estimates, projections,
assumptions and views of future events which management believes to
be reasonable in the circumstances. Forward-looking information
includes estimates, plans, expectations, opinions, forecasts,
projections, targets, guidance or other statements that are not
statements of fact. Forward-looking information in this news
release include, but are not limited to, statements with respect to
internal expectations, expectations with respect to actual
production volumes, expectations for future growing capacity and
the completion of any capital project or expansions.
Forward-looking information necessarily involve known and unknown
risks, including, without limitation, risks associated with general
economic conditions; adverse industry events; loss of markets;
future legislative and regulatory developments; inability to access
sufficient capital from internal and external sources, and/or
inability to access sufficient capital on favourable terms; the
cannabis industry in Canada generally; the ability of
WeedMD to implement its business strategies; the COVID-19 pandemic;
competition; crop failure; and other risks.
Any forward-looking information speaks only as
of the date on which it is made, and, except as required by law,
WeedMD does not undertake any obligation to update or revise any
forward-looking information, whether as a result of new
information, future events or otherwise. New factors emerge from
time to time, and it is not possible for WeedMD to predict all such
factors. When considering this forward-looking information, readers
should keep in mind the risk factors and other cautionary
statements in WeedMD's disclosure documents filed with the
applicable Canadian securities regulatory authorities on SEDAR at
www.sedar.com. The risk factors and other factors noted in the
disclosure documents could cause actual events or results to differ
materially from those described in any forward-looking
information.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE
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