WeedMD Inc (TSXV: WMD) this morning elected to publicly respond to the prior notice to bargain issued by the United Food Workers Association (UFCW). While the release was short, it quickly addressed the concerns raised by that of the UFCW in their prior release.
First and foremost, WeedMD has indicated that the claims made by UFCW are unfounded and without merit, while also acknowledging that UFCW’s overall argument has already been considered and rejected by the Ontario Ministry of Agriculture, Food and Rural Affairs (OMFRA). The company also identified that UFCW is “well aware that the cannabis industry has been properly categorized.”
WeedMD also identified that it is in full compliance with all regulatory bodies, including Health Canada, the Ministry of Labour, and the Occupational Health and Safety Act. The company also identified that it is in full compliance of the Agricultural Employees Protection Act, and closed its argument by indicating that it has been repeatedly nominated by employees as one of the best places to work, being voted the Best Place to Work by London Inc. Magazine (February 2020 edition).
The response provided to the UFCW was in connection with a prior notice to bargin issued by the union after allegedly being contacted by workers at WeedMD. As per the UFCW reported concerns included hours, scheduling, unjust termination, abuse of power and unsafe working conditions.
WeedMD last traded at $0.43 on the TSX Venture.
Information for this analysis was found via Sedar, and WeedMD Inc. The author has no securities related to this organization. WeedMD Inc was previously a client of CanaCom Group, the parent company of The Deep Dive. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
As the founder of The Deep Dive, Jay is focused on all aspects of the firm. This includes operations, as well as acting as the primary writer for The Deep Dive’s stock analysis. In addition to The Deep Dive, Jay performs freelance writing for a number of firms and has been published on Stockhouse.com and CannaInvestor Magazine among others.