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WeedMD Inc. (WMD.V)

TSXV - TSXV Real Time Price. Currency in CAD
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0.2600+0.0050 (+1.96%)
At close: 3:59PM EDT
Full screen
Previous Close0.2550
Open0.2600
Bid0.2550 x 0
Ask0.2550 x 0
Day's Range0.2550 - 0.2600
52 Week Range0.2500 - 1.2700
Volume22,082
Avg. Volume168,317
Market Cap54.668M
Beta (5Y Monthly)1.15
PE Ratio (TTM)N/A
EPS (TTM)-0.2430
Earnings DateSep. 30, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est1.20
  • WeedMD Issues Deferred Share Units
    GlobeNewswire

    WeedMD Issues Deferred Share Units

    TORONTO, Oct. 23, 2020 (GLOBE NEWSWIRE) -- WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”), a federally-licensed producer and distributor of medical-grade cannabis, announced today that in accordance with the provisions of its deferred share unit plan (the “DSU Plan”) the Company has authorized the issuance of an aggregate of 158,026 deferred share units (“DSUs”) to certain directors of the Company as compensation for their services. The DSUs will vest immediately and are granted in lieu of cash compensation for services rendered during the third quarter of 2020. The purpose of the DSU Plan is to promote greater alignment of interests between the Company's shareholders and directors while reducing the cash expense of compensating its directors. Further details regarding the DSU Plan are available in the Company’s management information circular dated June 19, 2020, which is available on SEDAR at www.sedar.com.Information about upcoming corporate events can be found here. Access WeedMD’s latest investor deck  here. 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 a fully-licensed 26,000 sq. ft. Aylmer, Ontario processing facility, specializing in cannabis extraction. 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 seven provincial distribution agencies where adult-use brands Color Cannabis and Saturday are sold.Follow WeedMD, Color Cannabis & Starseed:LinkedIn: https://ca.linkedin.com/company/weedmd Twitter: https://twitter.com/WeedMD Instagram: https://www.instagram.com/weedmd/ Instagram: https://www.instagram.com/callitcolor/ & 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.comFor Media Enquiries: Marianella delaBarrera VP, Communications & Corporate Affairs 416-897-6644 marianella@weedmd.comForward 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

  • WeedMD Appoints Seasoned HR Executive to Chief People Officer
    GlobeNewswire

    WeedMD Appoints Seasoned HR Executive to Chief People Officer

    Deborah Sikkema appointed Chief People Officer to lead the Company’s newly-integrated talent, culture and organizational development initiatives WeedMD Appoints Seasoned HR Executive to Chief People Officer Deborah Sikkema, Chief People Officer, leads newly-integrated talent, culture and organizational development initiatives. Spearheads WeedMD's continued drive to be an employer of choice and a model for diversity, inclusion and accountability. TORONTO, Oct. 20, 2020 (GLOBE NEWSWIRE) -- 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 the appointment of seasoned human resources (HR) executive Deborah Sikkema as the Company’s Chief People Officer.A multi-faceted business leader with 20 years of HR experience in some of Canada’s top-tier organizations, such as Shoppers Drug Mart, Canadian Tire, and Holt Renfrew, Deborah is also appointed to WeedMD’s Compensation Committee alongside its Board of Directors (the “Board”).In addition to Deborah’s appointment, the Company and the Board have also affirmed Stephen Ng as Chief Commercial Officer. He previously held the position of Chief Strategy Officer of WeedMD and Chief Financial Officer of Starseed Medicinal Inc.“This has been a transformative year for our employees and our industry. Our valued employees are our single greatest resource which defines who we are as a company and under Deborah’s leadership, teams have integrated seamlessly,” said Angelo Tsebelis, CEO of WeedMD. “We’re thrilled to welcome her as a permanent member of our team as we continue building the business for commercial success. Both Deborah and Stephen are inspirational leaders and strategic thinkers who bring valuable expertise at a critical juncture as we build teams to expand our product offerings and leverage our unique distribution platforms to drive organic growth.”“WeedMD is known throughout the cannabis sector as an employer of choice committed to developing its talent and communities for continued results in the quality production of innovative products,” said Ms. Sikkema. “Our highly-engaged employees provide us with a sustainable competitive advantage that will take us to the next level of success. I’m proud to be leading our initiatives that marry our core values with our drive to be a model for diversity and inclusion, accountability, and social responsibility, as we foster commercial achievements in this growth stage.”Prior to permanently joining WeedMD, Deborah spent the previous six months, under consultation, overhauling the Company’s HR department and people strategy. With her guidance, the Company established employee development and goal-setting programs to make WeedMD a ‘living wage’ employer, introduced protocols for business integration and cultural transformation, overhauled its benefits plan to introduce a health spending account with medical cannabis coverage included, and introduced a company-wide shares option plan for all permanent employees. Deborah is a strong proponent of diversity and a member of the Women’s Executive Network and Women of Influence, the Strategic Capability Network, and the London Chamber of Commerce.  Deborah holds an Honors Bachelor of Arts in Psychology and a Master of Industrial Relations from Western University. She is also a Certified Talent Management Practitioner (CTMP) through the CTMP Society of Canada.Information about upcoming corporate events can be found here. Access WeedMD’s latest investor deck here. 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 a fully-licensed 26,000 sq. ft. Aylmer, Ontario processing facility, specializing in cannabis extraction. 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 seven provincial distribution agencies where adult-use brands Color Cannabis and Saturday are sold.Follow WeedMD, Color Cannabis & Starseed: LinkedIn: https://ca.linkedin.com/company/weedmd Twitter: https://twitter.com/WeedMD Instagram: https://www.instagram.com/weedmd/ Instagram: https://www.instagram.com/callitcolor/ & 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.comFor Media Enquiries: Marianella delaBarrera VP, Communications & Corporate Affairs 416-897-6644 marianella@weedmd.comForward 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 RELEASEA photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/57b6914d-c54c-4517-9c16-4ac1a04703d3

  • WeedMD Appoints Veteran Finance Executive to its Board of Directors
    GlobeNewswire

    WeedMD Appoints Veteran Finance Executive to its Board of Directors

    Distinguished business leader and former Deloitte partner Luciano (Lu) Cacioppo appointed as an independent director and chair of Company’s Audit Committee WeedMD Appoints Veteran Finance Executive to Board of Directors Distinguished business and community leader Luciano (Lu) Cacioppo, FCPA, CA, joins WeedMD's Board of Directors as an independent director, and chair of Company's Audit Committee.TORONTO, Oct. 19, 2020 (GLOBE NEWSWIRE) -- 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 the appointment of veteran finance executive Lu Cacioppo, FCPA, CA, to its Board of Directors (the “Board”) and chair of WeedMD’s Audit Committee. Lu joins the Board as an independent director and is a nominee of 2437653 Ontario Inc. (the “LiUNA Pension Fund of Central and Eastern Canada”) pursuant to the Nomination Rights and Voting Agreement dated December 20, 2019.“WeedMD is steadily executing its business plan with a focused approach and we are thrilled to welcome Lu as an independent director and chair of our Audit Committee,” said George Scorsis, Executive Chairman of WeedMD. “Lu is a highly-regarded business and community leader that brings more than 30 years of valuable experience and insight in finance, capital markets, and corporate governance. As a former Deloitte partner, Lu’s solid industry reputation and sharp business acumen comes at a timely juncture as we accelerate our profitability goals and ready the company for long-term growth.”“As a long-time observer of the cannabis industry, I’ve admired companies that can operate with a disciplined, customer-centric approach while balancing growth with fiscal rigor,” said Mr. Cacioppo. “WeedMD has all the necessary fundamentals in place to accelerate revenue growth and move towards profitability. I’m thrilled to be joining the board and to contributing to the Company’s success as we look to continue building long-term shareholder value.”More about Lu CacioppoCurrently the vice chair and managing partner at private equity firm Beringer Capital, Lu advises and provides value-added solutions to companies around the world in various industries including technology, media, real estate, automotive and professional services. Prior to joining Beringer Capital, Lu served as the leader of the Deloitte Private practice in the Ontario region and the managing partner of its small and medium-sized enterprises (SME) program. In this role, he led a national team that specialized in delivering audit and assurance, tax, consulting and risk, and financial advisory services to private companies. Lu has a distinguished FCPA (Fellow of the Chartered Professionals Accountants) designation which is awarded to CPAs that are outstanding leaders in both business and community. Among his many community involvements: St. Joseph’s Health System Board, Dr. Bob Kemp Hospice, the Canadian Accredited Independent Schools and the Sons of Italy Charitable Foundation.Information about upcoming corporate events including earnings conference call details can be found here. Access WeedMD’s latest investor deck  here. 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 a fully-licensed 26,000 sq. ft. Aylmer, Ontario processing facility, specializing in cannabis extraction. 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 seven provincial distribution agencies where adult-use brands Color Cannabis and Saturday are sold.Follow WeedMD, Color Cannabis & Starseed: LinkedIn: https://ca.linkedin.com/company/weedmd Twitter: https://twitter.com/WeedMD Instagram: https://www.instagram.com/weedmd/ Instagram: https://www.instagram.com/callitcolor/ & 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.comFor Media Enquiries: Marianella delaBarrera VP, Communications & Corporate Affairs 416-897-6644 marianella@weedmd.comForward 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 RELEASEA photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/26396820-fe16-416c-91d3-be6bbae8639f