Welcome!

News Feed Item

Canadian Medical Marijuana Executive Addresses Prestigious Global Conference

Chairman of WeedMD Rx joins first-ever panel on Marijuana Industry

LOS ANGELES, CALIFORNIA -- (Marketwired) -- 05/02/14 -- Michael Kraft, Chairman of Canada's WeedMD Rx Inc. ("WeedMD") was a key contributor at the prestigious Milken Institute Global Conference's first-ever panel on the marijuana industry, "The Highs - and Lows - of the Cannabis Economy" earlier this week. The Milken Institute's prestigious Global Conference is one the world's leading conferences in the world for health, education, technology, telecommunications, energy and philanthropy. The conference attracts more than 3,000 of the world's leading decision makes from more than 60 countries. Among the participants are investors with more than $18 trillion in assets under management.

Michael Kraft, Chairman of WeedMD, said, "I congratulate the Milken Institute for raising attention for the marijuana industry and including this topic on their agenda for the first time. It was a great opportunity to be chosen as the only Canadian to join the panel and to discuss the evolution and changes in this billion-dollar industry at this important time in its history." Kraft said, "Canada is leading the way in medical marijuana legislation which is increasing access to higher quality cannabis products and regulating safe production at licensed facilities, and is well-positioned to become a global leader in this multi-billion dollar industry."

Kraft discussed the unique opportunity for American and international investors to invest in Canada's medical marijuana industry which, according to Health Canada, is expected to reach more than 450,000 users in the next ten years. Kraft presented the distinct advantages available in in the medical marijuana industry in Canada, and the strength and appeal of an investment in Canada, where the market is expected to be worth more than $1-billion annually by 2024.

Kraft was the only Canadian on this panel and was joined by leading executives, and experts in the cannabis industry. The panel was moderated by Mike 'Zappy' Zapolin of Zappy Inc. and the other panelists included DigiPath CEO, Todd Denkin, National Families in Action Inc. CEO, Sue Rusche, and Goodwin Procter LLP legal expert, Doug Praw. The Milken Global Conference is well-known for analyzing emerging trends from the perspective of industry, society, legal, and government. Global Conference attendees include Fortune 500 CEO's, Nobel Prize winners, and political leaders.

http://www.milkeninstitute.org/events/gcprogram.taf?function=detail&EvID=4859&eventid=GC14

About WeedMD Rx Inc.

WeedMD has secured a pre-license approval from Health Canada to produce and distribute 2,500 kg of medical marijuana and is well-positioned to become a leader in this burgeoning industry. WeedMD.com's team includes industry and healthcare professionals with significant experience and expertise in seniors' and long term care, many of whose patients use or plan to use medical marijuana. WeedMD.com's operations are based in Aylmer in southwestern Ontario, in a 25,000 sq. ft. converted former tobacco plant which is being retrofitted for medical marijuana production and has the potential to expand to 100,000 sq. ft. WeedMD.com has hired leading growers, quality assurance and research & development professionals to manage plant physiology, phytosanitary issues and active ingredient concentrations.

Portions of this press release may include "forward-looking statements". These forward-looking statements are based on management's current expectations and involve certain risks, uncertainties and other factors that could cause actual events, results and opportunities to differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements in this press release include, but are not limited to, WeedMD's ability to obtain the necessary production licenses and approvals, WeedMD's ability to retrofit its former tobacco plant for production and to expand the facility, and WeedMD's expectations regarding its industry and position. Factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, WeedMD's ability to satisfy the conditions of its Health Canada pre-license approval, WeedMD's ability to complete its retrofitting and expansion as planned, and adverse market conditions and general economic and business uncertainties. Readers should not place undue reliance on forward-looking statements. No assurance can be given that such events, results or opportunities will occur. WeedMD disclaims any intention or obligation to update or revise any forward-looking information other than as required by applicable securities laws.

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 increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...
We’ve worked with dozens of early adopters across numerous industries and will debunk common misperceptions, which starts with understanding that many of the connected products we’ll use over the next 5 years are already products, they’re just not yet connected. With an IoT product, time-in-market provides much more essential feedback than ever before. Innovation comes from what you do with the data that the connected product provides in order to enhance the customer experience and optimize busi...
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
In his session at @ThingsExpo, Chris Klein, CEO and Co-founder of Rachio, will discuss next generation communities that are using IoT to create more sustainable, intelligent communities. One example is Sterling Ranch, a 10,000 home development that – with the help of Siemens – will integrate IoT technology into the community to provide residents with energy and water savings as well as intelligent security. Everything from stop lights to sprinkler systems to building infrastructures will run ef...
SYS-CON Events announced today that Enzu, a leading provider of cloud hosting solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to foc...
So, you bought into the current machine learning craze and went on to collect millions/billions of records from this promising new data source. Now, what do you do with them? Too often, the abundance of data quickly turns into an abundance of problems. How do you extract that "magic essence" from your data without falling into the common pitfalls? In her session at @ThingsExpo, Natalia Ponomareva, Software Engineer at Google, will provide tips on how to be successful in large scale machine lear...
SYS-CON Events announced today that Stratoscale, the software company developing the next generation data center operating system, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Stratoscale is revolutionizing the data center with a zero-to-cloud-in-minutes solution. With Stratoscale’s hardware-agnostic, Software Defined Data Center (SDDC) solution to store everything, run anything and scale everywhere...
Digital payments using wearable devices such as smart watches, fitness trackers, and payment wristbands are an increasing area of focus for industry participants, and consumer acceptance from early trials and deployments has encouraged some of the biggest names in technology and banking to continue their push to drive growth in this nascent market. Wearable payment systems may utilize near field communication (NFC), radio frequency identification (RFID), or quick response (QR) codes and barcodes...
Angular 2 is a complete re-write of the popular framework AngularJS. Programming in Angular 2 is greatly simplified – now it's a component-based well-performing framework. This immersive one-day workshop at 18th Cloud Expo, led by Yakov Fain, a Java Champion and a co-founder of the IT consultancy Farata Systems and the product company SuranceBay, will provide you with everything you wanted to know about Angular 2.
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Unless you don’t use the internet, don’t live in California, or haven’t been paying attention to the recent news… you should be aware that self-driving cars are on their way to becoming a reality. I have seen them – they are real. If you believe in the future reality of self-driving cars, then continue reading on. If you don’t believe in the future possibilities, then I am not sure what to do to convince you other than discuss the very real changes that will roll out with the consumer producti...
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.