Mr. Trevor Fencott reports
WEEDMD ENTERS INTO COMMERCIAL ARRANGEMENT WITH FIRE & FLOWER TO PRODUCE CBD CANNABIS PRODUCTS
WeedMD Inc. has entered into a commercial arrangement with leading Canadian retailer, Fire & Flower Inc. WeedMD will manufacture, package and ship the retailer's Revity CBD (cannabidiol) product line, expected to be available at Fire & Flower stores in the province of Saskatchewan as of Aug. 14, 2020. Products manufactured through this partnership will be produced at WeedMD's state-of-the-art extraction hub CX Industries, utilizing the company's own input biomass.
"We're proud to be selected by Fire & Flower as the producer of its Revity CBD product line. As our first Canadian commercial extraction arrangement, we are looking forward to working with this award-winning retail-leader as it looks to expand into new product formats and strategic markets," said Angelo Tsebelis, chief executive officer of WeedMD. "With our CX extraction business focused on developing high-grade concentrates from trichome-rich biomass, we anticipate a fruitful and long-term relationship with Fire & Flower."
"Based upon key consumer insights from our Hifyre digital retail and analytics platform, Fire & Flower is pleased to launch a wellness-focused brand in the underserved market of regulated CBD products," shared Trevor Fencott, CEO of Fire & Flower. "WeedMD has an excellent reputation of producing quality products and a track record of innovation in response to consumer preferences in the market. Revity CBD will launch in Saskatchewan and eventually nationwide as Fire & Flower looks to expand the offerings of this consumer brand as international markets emerge."
CX Industries specializes in extraction, tolling, licensing and innovative third party product formulations from the company's fully licensed Aylmer, Ont., facility. It will be the extractor, packager and distributor of Fire & Flower-branded cannabis oil products in Canada commencing with CBD oils and expanding accordingly to other product formats.
About WeedMD Inc.
WeedMD 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, Ont., as well as CX Industries Inc., a wholly owned subsidiary which specializes in cannabis extraction from the company's fully licensed 26,000-square-foot Aylmer, Ont., processing facility. With the addition of Starseed, a medical-centric operator based in Bowmanville, Ont., WeedMD has expanded its multichannelled 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 six provincial distribution agencies where adult-use brands Color Cannabis and Saturday are sold.
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