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WeedMD Inc
Symbol WMD
Shares Issued 210,261,714
Close 2020-10-13 C$ 0.28
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WeedMD to supply cannabis oil to Pax Labs

2020-10-13 10:11 ET - News Release

Ms. Marianella delaBarrera reports

WEEDMD ANNOUNCES CANNABIS 2.0 SUPPLY PARTNERSHIP WITH PAX LABS

WeedMD Inc. has entered into a supply agreement with Pax Labs Inc., a leader in premium cannabis vaporizer technology, with award-winning devices for both oil concentrates and flower. WeedMD will become a brand partner and supplier for the Pax Era collection in Canada, which includes the closed-loop Pax Era and Era Pro devices.

WeedMD's partnership with Pax will accelerate the growth of the company's cannabis 2.0 product strategy as it expands into new formats using its low-cost, quality-produced, strain-specific biomass. As the latest cultivator to launch Pax Era pods in Canada, WeedMD will produce cannabis oil pods for the pen-and-pod vaporizer devices at the company's state-of-the-art extraction hub in Aylmer, Ont. WeedMD will sell Color Cannabis and Starseed Medicinal-branded oil pods nationwide through supply arrangements with retailers and its on-line medical store.

"As we continue to enhance and expand our new cannabis formats and brand reach for Color and Starseed, we're proud to partner with Pax, and we are looking forward to adding its lineup to our growing portfolio of 2.0 brands," said Angelo Tsebelis, chief executive officer of WeedMD. "Pax is widely known as a premier innovator in cannabis product vaporizers. With its award-winning brand appeal and consumer-favoured hardware offerings, Pax is perfectly suited to be paired with WeedMD's quality-produced, terpene-rich cannabis concentrates."

"Pax is thrilled to welcome WeedMD, a leader in the medical cannabis channel in Canada, to our Canadian brand partner family," said Tim Pellerin, general manager of Canada and international at Pax Labs. "WeedMD has a record of delivering high-quality, novel products to patients and consumers in varied consumption methods. We look forward to growing together across all channels, rooted in our shared rigour in quality, innovation and access to information, to bring these products to medical and adult-use consumers across the country."

Pax Era pods, for use with Pax's high-tech oil vaporizers, are dependable, leak resistant and designed to be clog free. Pax is a market leader with over two million devices sold worldwide and an established reputation as the best-selling pen-and-pod system in the United States.

About WeedMD Inc.

WeedMD is the 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 a fully licensed 26,000-square-foot, Aylmer, Ont., processing facility, specializing in cannabis extraction. 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 seven provincial distribution agencies where adult-use brands Color Cannabis and Saturday are sold.

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