01:17:09 EDT Thu 23 Sep 2021
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WeedMD Inc
Symbol WMD
Shares Issued 210,686,714
Close 2021-02-25 C$ 0.56
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WeedMD to offer Pax Era products to Starseed clients

2021-02-25 11:56 ET - News Release

Mr. George Scorsis reports


WeedMD Inc. will commence selling Pedro's Sweet Sativa strain-specific Pax Era products to its Starseed Medicinal clients starting March 6, 2021. The launch of its latest cannabis 2.0 offering is in partnership with Pax Labs Inc., a leader in premium cannabis vaporizer technology, with award-winning devices for both oil concentrates and flower.

The company's Starseed Medicinal-branded oil pods in award-winning strain-specific variants, using cannabis-derived terpenes produced in-house, will be available for purchase through its on-line medical store. WeedMD's adult-use Color Cannabis-branded Pax Era pods are expected to be available through supply arrangements with provincial retailers commencing Q2 2021.

"In keeping with our long-standing tradition of releasing products first to our medical community, we're thrilled to launch the Pax Era lineup in our award-winning Pedro's Sweet Sativa strain as the latest addition to our growing portfolio," said George Scorsis, executive chairman and chief executive officer. "With product features that offer an updated medical experience, our teams worked together over the past few months to finely curate this portfolio of vaporizer products using our premier, quality-produced, strain-specific biomass. We're looking forward to expanding with additional terpene-rich strains such as Mango Haze and Black Sugar Rose, particularly as our next launch of concentrates will include our adult-use Color Cannabis-branded Pax Era pods."

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

WeedMD's partnership with Pax is expected to further accelerate the growth of the company's cannabis 2.0 product strategy as it continues to expand into new formats using its own indoor- and outdoor-cultivated biomass, processed at its state-of-the-art extraction hub in Aylmer, Ont. WeedMD currently produces terpene-infused 510-thread vape cartridges for its medical-branded Aurum vapes as well as its adult-use brands Color Cannabis and Saturday Cannabis.

About WeedMD Inc.

WeedMD is the publicly traded parent company of WeedMD RX Inc. and Starseed Medicinal Inc., licence holders producing and distributing 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 processing facility in Aylmer, Ont., specializing in cannabis extraction. With the addition of Starseed, a medical-centric operator, WeedMD has expanded its multichannel distribution strategy. Starseed's industry-first, exclusive partnership with LiUNA, the largest construction union in Canada, along with 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 Cannabis are sold.

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