WeedMD Inc (TSXV:WMD) has announced that it has entered into a lease and purchase option agreement with a large scale greenhouse cultivator, Perfect Pick Farms Ltd, in Strathroy, Ontario. Strathroy is conveniently located 30 kilometers away from London, Ontario, and 60 kilometers from WeedMD’s existing facility in Aylmer. As part of this expansion, WeedMD will benefit from a strategic relationship with a strong team of greenhouse management and cultivation specialists that make up Perfect Pick.
Of the total 610,000 square feet of greenhouse facilities, WeedMD will initially lease 217,800 square feet, which is capable of producing 21,000 kilograms of cannabis a year. WeedMD has the option to expand into the remaining space at its own discretion.
WeedMD is fully funded to begin retrofitting its 217,800 square feet, a process the company has already begun in anticipation of their first harvest in June 2018. The company anticipates that the retrofitting cost will be lower than $70 per square feet, which is of the lowest in the industry.
As part of the agreement, WeedMD also has the option to acquire a 100 percent interest in the Perfect Pick property, which is made up by 98 acres of land, infrastructure and cultivation equipment.
“This transformational partnership represents an outstanding opportunity for WeedMD, with the potential to increase our production capabilities more than twelvefold in the first year and the optionality to materially increase our footprint in a risk-free, sustainable way over the long-term – all part of our strategic growth plan,” said WeedMD CEO Bruce Dawson-Scully.
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Aphria Inc. (” Aphria ” or the ” Company “) ( TSX: APHA and NASDAQ: APHA ), a leading global cannabis company inspiring and empowering the worldwide community to live their very best life, today announced the expansion of its 510 Vape offering across its award-winning adult-use brand portfolio.
ACB DECEMBER 1 DEADLINE: Zhang Investor Law Reminds Investors With Losses of Deadline in Securities Class Action Lawsuit Against Aurora Cannabis Inc. – ACB
Zhang Investor Law announces a class action lawsuit on behalf of shareholders who bought shares of Aurora Cannabis Inc. (NYSE: ACB) between February 13, 2020 and September 4, 2020, inclusive (the “Class Period”). If you wish to serve as lead plaintiff, you must move the Court before the December 1 2020 DEADLINE . A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
To join the class action, go to http://zhanginvestorlaw.com/join-action-form/?slug=aurora-cannabis-inc&id=2437 or call Sophie Zhang, Esq. toll-free at 800-991-3756 or email email@example.com for information on the class action.
Nextleaf Solutions Ltd. (CSE: OILS) (OTCQB: OILFF) (“Nextleaf Solutions“, “OILS”, or the “Company”), Canada’s most innovative cannabis extractor, is pleased to provide the following commercial and intellectual property update:
Cannabis Extraction Agreement with White Label Producer
Khiron Life Sciences Announces Closing of $14.49 Million Bought Deal Financing Including Full Exercise of Over-Allotment Option
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Khiron Life Sciences Corp. (“ Khiron ” or, the “ Company ”) (TSXV: KHRN), (OTCQB: KHRNF), (Frankfurt: A2JMZC), a vertically integrated cannabis leader with core operations in Latin America and Europe, is pleased to announce that it has closed today its previously announced “bought deal” short form prospectus offering of units (“ Unit s ”), including the exercise in full of the over-allotment option (the “ Offering ”).
Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”), an innovative global cannabinoid company, today announced that Mike Gorenstein, Executive Chairman, is scheduled to speak on a panel at the Cowen 2020 Boston Cannabis Conference on Wednesday, December 2, 2020 at 9:20 a.m. EST.
For more information regarding the Cowen 2020 Boston Cannabis Conference please visit: https://www.cowen.com/conferences-and-events/3rd-annual-boston-cannabis-conference/