WeedMD Signs White Label Extraction Agreement With Fire & Flower

It appears that the niche market of extractors within the cannabis sector has seen an addition to its ranks. WeedMD Inc (TSXV: WMD) and Fire and Flower Corp (TSX: FAF) jointly announced this morning that the retailer has selected WeedMD as its commercial partner for the purpose of manufacturing a white label line of CBD products.

Under the agreement, WeedMD’s input biomass will be utilized for extraction through the firms CX Industries subsidiary to manufacture, package and ship a white labelled line of CBD products for Fire & Flower. Products manufactured under the agreement will be branded as Revity CBD products.

The products are expected to launch this Friday in Saskatchewan, with distribution then to expand nationwide. The arrangement is said to commence with branded CBD cannabis oil products before “expanding accordingly to other product formats.”

Further terms of the agreement have not been released.

WeedMD last traded at $0.37 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.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Related News

Fire & Flower Sees Opposition in Controversial Sale Amid Bankruptcy Battle

A syndicate consisting of influential stakeholders, including the second-largest shareholder of Fire & Flower (TSX:...

Thursday, June 22, 2023, 03:50:00 PM

Fire & Flower Sees Alimentation Couche-Tard Exercise Series A-2 Warrants

Fire & Flower Holdings (TSX: FAF) continues to see Alimentation Couche-Tard (TSX: ATD.B) slowly increase...

Monday, December 21, 2020, 08:52:49 AM

WeedMD First LP to be Included in Shoppers Drug Mart Traceability Program

WeedMD Inc (TSXV: WMD) announced this morning that it is the first licensed producer to...

Tuesday, June 18, 2019, 09:32:32 AM

WeedMD: Canaccord Initiates Coverage With $0.60 Price Target

Yesterday morning, Canaccord Genuity initiated coverage on WeedMD Inc (TSXV: WMD) with a C$0.60 12-month...

Thursday, March 25, 2021, 11:47:00 AM

WeedMD: Canaccord Reiterates Price Target After Earnings

WeedMD (TSXV: WMD) reported their first-quarter financials of 2021 on June 29th. The company reported...

Thursday, July 1, 2021, 03:09:00 PM