WeedMD to Transform Aylmer Facility into Extraction and Processing Centre

WeedMD Inc (TSXV: WMD) announced this morning that it would be transforming its Aylmer facility from a cultivation site into a hub for cannabis extraction and processing. The move allows the firm to focus on a key vertical at each location, with all cultivation to take place at the Strathroy facility, and all processing at the 26,000 square foot Aylmer location.

Keith Merker, CEO of WeedMD

We are transitioning the Aylmer site to produce a wide range of extracts and concentrates. All cultivation has been consolidated to our greenhouse and outdoor Strathroy facility, which is delivering consistently improving yields at increasingly competitive costs.

Keith Merker, CEO of WeedMD

The firm provided additional details about the Aylmer operation in the release as well, including

  • The company already has a license to perform oil production on site, and has been doing so since June 2017
  • Four extraction lines will be in operation, allowing WeedMD to be able to process over 200,000 KG of biomass annually
  • Additional opportunities are available due to the firms ability to provide wholesale and white label manufacturing, with four different extraction methods being available
  • Facility is being constructed to GxP standards, which enables a broad range of compliance for domestic and international markets
  • WeedMD intends to supply a large amount of product via its greenhouse and outdoor grow cannabis production at the Strathroy facility.

WeedMD is still awaiting licensing from Health Canada for its outdoor grow at the Strathroy location, which is anticipated to be awarded in the near term. Further expansion of its greenhouse is expected to come later in 2019.

See our full facility tour write up here for further information on WeedMD’s Strathroy facility.

The full official release can be found here.


FULL DISCLOSURE: WeedMD is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover WeedMD on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.

Video Articles

Avino Q2 Earnings: Steady As She Goes

MEG Energy: Cenovus Comes In With $7.9 BILLION Offer

Orla Mining Q2 Earnings: Musselwhite Changes Everything

Recommended

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Goliath Resources Hits 18.58 g/t Gold Over 5.00 Metres At Surebet

Related News

WeedMD Secures Approval from Health Canada for Outdoor Cultivation

Toronto, Canada, May 31, 2019 – WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”),...

Friday, May 31, 2019, 03:19:12 PM

WeedMD Receives Health Canada Amendment For Processing Facility

WeedMD Inc (TSXV: WMD) announced this morning that the firm has received a license amendment...

Wednesday, October 16, 2019, 08:57:14 AM

Public Cannabis Companies Have Already Received More Than $25 Million in Federal Wage Subsidies

In response to the spread of COVID-19, the Canadian Federal Government introduced several programs to...

Saturday, November 14, 2020, 10:00:00 AM

WeedMD Signs White Label Extraction Agreement With Fire & Flower

It appears that the niche market of extractors within the cannabis sector has seen an...

Tuesday, August 11, 2020, 09:24:22 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