Welcome!

News Feed Item

WeedMD.com Poised to Become Canada's Top Provider of Medical Marijuana

Former Imperial Tobacco factory in Aylmer, Ontario will produce product that exceeds Health Canada standards and creates quality jobs

TORONTO, ONTARIO -- (Marketwired) -- 02/21/14 -- Editor's Note: There is a photo associated with this press release.

Toronto-based WeedMD.com, ("WeedMD.com" or the "Company"), an innovative medical marijuana producer with a unique business plan, is pleased to announce that it is in the process of completing a $3 million financing round to launch a new plant in Aylmer, Ontario to produce affordable, high quality medical marijuana that exceeds stringent new Health Canada regulations. The plant, which will create many quality jobs in south west Ontario, is on the site of a large former Imperial Tobacco factory. WeedMD.com has already secured a pre-approval licence from Health Canada to produce 2,500 kg of medical marijuana a year. In marketing its product, the Company will put special focus on long-term care facilities, many of whose patients plan to use medical marijuana. Bruce Scully, CEO of WeedMD.com, has extensive experience as a long term care facility executive. The Company's state-of-the-art web site will empower patients and doctors to order medical marijuana securely and for the public to obtain information about the evolving medical marijuana market. WeedMD.com is pursuing a number of exciting strategic partnerships to ensure its position as a leader in the marketplace.

WeedMD.com's launch takes advantage of new government regulations stipulating that all home growers must cease their activity by April 1, 2014. This will force approximately 42,000 medical marijuana users to find new sources for legal product. For WeedMD.com and the other companies capable of meeting the rigorous standards to become a licensed producer, this is a big business opportunity. Health Canada estimates that Canada's "legal marijuana supply industry" could reach $1.3 Billion in sales by 2024. While this is certainly encouraging news for the potential manufacturers, it poses a legitimate concern for users: price. Under the previous regulations, medical marijuana could be purchased directly from Health Canada for $5 a gram. Until such time as there is significant competition in the marketplace, users must realistically expect that price to climb.

"Access and cost are just some of the concerns that licensed providers will need to address," says WeedMD.com CEO, Bruce Scully. "Quality and variety of strains are also key elements that must be given tremendous consideration if one hopes to meet the needs of licensed medical marijuana patients" Scully adds: "Further to this is the issue of discretion. Recent studies have only lent more credence to the assertion that marijuana is a legitimate form of medicine. However, one cannot deny the fact that there is still some element of a social stigma that users must contend with and for them, respect for their privacy is a truly valid concern. WeedMD.com's mission isn't to meet some user concerns; we strive to meet them all."

WeedMD.com has already secured a pre-approval license from Health Canada to produce 2,500kg of medical marijuana per year. The Company has begun converting Imperial Tobacco's former plant in Aylmer, Ontario into a medical marijuana production facility. According to Scully, "it is a good feeling to know that we're transforming a facility that contributed to the decline of our nation's health into one that will ultimately provide relief from illness." Phase 1 consists of a 25,000 sq. ft. structure completed with retrofit, which is currently underway. WeedMD.com ultimately plans to expand this production facility to more than100,000 sq. ft. in 20,000 sq. ft. increments.

The Company is waiting for approval of its license from Health Canada's Marihuana for Medical Purposes Regulations (MMPR) before it can start producing product. Employment opportunities will be made available to growth production specialists, who will help provide daily care for the plants, and to client service representatives who will assist clients through the process of obtaining the necessary medical documents and to identify the strain of marijuana best suited to their needs. In order to meet the strict guidelines put forth by Health Canada, it is expected that many more jobs will be filled in the months and years to come. The facility will also maintain a lab for testing plants for tetrahydrocannabinol (THC) and cannabidiol (CBD) levels prior to shipping product to clients.

WeedMD.com's Master Grower, Mario Meek, has already begun developing 10 strains for immediate production with plans to add 23 more varieties, including some award-winning strains, in the coming months. Under the new MMPR guidelines, patients no longer need a license to obtain these medical marijuana products. Instead, they will need to obtain a document from a licensed physician, which will then be submitted to a licensed provider, such as WeedMD.com, who will fulfill orders online or by phone.

WeedMD.com is in the final phases of developing their website, which will serve not only to process patient orders but will also serve as a resource hub for patients and doctors alike. One of the Company's goals is to help position marijuana as an acceptable form of medication. WeedMD.com's website will play a critical role in making information available to the public so that patients and doctors can make informed decisions regarding their health care. The website is not only secure; it also allows individuals to log on and ask questions of industry leaders anonymously. This is yet another demonstration of WeedMD.com's commitment to patient confidentiality.

Keeping prices low will be a major challenge for all producers under the new system. New regulations call for strict security and quality assurance measures that are expensive to implement. Considering the added expense of packaging, shipping, etc. and it is not surprising that patients are concerned about skyrocketing costs. As reported in the Vancouver Sun, John Conroy, a lawyer, stated "Thousands and thousands of patients are approved to use more than 10 grams a day that's $100 a day at the new rates. No one can afford that." Conroy went on to point out that 60 to 70 percent of approved patients participate in fixed disability programs and will be adversely affected under the new system. WeedMD.com hopes to alleviate patient concerns by developing programs to assist those with financial challenges. By educating the public, WeedMD.com also aims to increase pressure on insurance companies, encouraging them to accept medical marijuana as an "alternative medicine" so that patients can get coverage under existing or newly developed policies.

While the future of medical marijuana distribution is unwritten, WeedMD.com is holding the pen firmly in hand.

About WeedMD.com:

WeedMD.com represents an experienced group of industry professionals with a pre-approval under MMPR to produce and distribute medical marijuana for patients across Canada.

To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20140220-928960_800.jpg

Like us on Facebook

Follow us on Twitter

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across supply chain networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost and time for product recall as well as advance trade. Are you curious about Blockchain and how it can provide you with new opportunities for innovation and growth? In her session at 20th Cloud Exp...
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busin...
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.