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.
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.