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WeedMD Inc (CVE:WMD) Converting Aylmer Site to Extraction Facility

By WeedMD Inc in News 2nd Oct, 2020 Video Duration: 00:14:57
WeedMD Inc (CVE:WMD) (OTCMKTS:WDDMF) (FRA:4WE) CEO Keith Merker explains the significance of the company receiving approval from Health Canada for new packaging lines. WeedMD has built a new packaging room at its Aylmer, Ontario facility, complete with two semi-automated packaging lines designed to create a significantly more efficient system. Merker believes the new system will increase both the volume of product leaving the facility and improve the company’s bottom line. WeedMD recently released its 2018 financial results, with an impressive YOY revenue increase of 465 percent. While WeedMD is in the final stages of receiving its Health Canada license to grow outdoors, the company is prepared for approval and has 25,000 clones ready for planting. Merker suggests that growing outdoors is a truly disruptive advantage in the Canadian cannabis space and suggests the bulk of the outdoor product WeedMD will grow will be used for extraction. Merker shares details of the company’s three-stage conversion of its Aylmer facility from an indoor grow space to a premier extraction processing hub using supercritical CO2.

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