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WeedMD subsidiary Starseed signs 4,000-member construction union chapter to medical cannabis program

The union is the fifth local chapter to come on board Starseed’s medical cannabis program

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The program provides members and their dependents with medical cannabis as a reimbursement benefit

WeedMD Inc (CVE:WMD) (OTCMKTS:WDDMF) said Thursday that its newly acquired subsidiary Starseed Medical Inc signed a major new client for its medical cannabis program.

The company is working with the 4,000-member strong Labourers’ International Union of North America (LiUNA) Local 1059, based in London, Ontario, to provide members and their dependents with medical cannabis as a reimbursement benefit.

The union is the fifth local chapter to come on board Starseed’s medical cannabis program, joining chapters in Toronto, Hamilton-Niagara and Windsor.

READ: WeedMD closes on acquisition of medical cannabis company Starseed

WeedMD said additional chapters are expected to join in 2020 along with other new insurance payor groups.

“Starseed’s full service medical platform – coupled with WeedMD’s medical-grade cannabis products - is revolutionizing the way Canadians access medical cannabis and we welcome LiUNA Local 1059 members to our program,” said Angelo Tsebelis, president of Starseed.

“WeedMD and Starseed are improving fair and safe access to medical cannabis with an end-to-end service model that eliminates many of the practical and financial barriers associated with traditional ways of accessing cannabis as a medicine.”

LiUNA 1059’s business manager Brandon MacKinnon said it was important to members to have access to a broad range of therapies and treatments.

“Having the opportunity to collaborate with some of the most trusted names in medical cannabis was a key driver for entering into this agreement with Starseed,” MacKinnon said in a statement. “Additionally, WeedMD has a strong reputation in our city and we’re looking forward to working with this local licensed producer to educate and facilitate medical cannabis access for our members.”

Good start to 2020

Southern Ontario-based WeedMD’s acquisition of Starseed closed at the end of December 2019.

“We’ve kicked off the new year as a freshly integrated company and we’re thrilled at the many strategic business opportunities and partnerships that Starseed is bringing forward – perfectly aligned with our best-in-class cultivation program,” said Keith Merker, CEO of WeedMD.

“As long-time supporters of our hometown London community coupled with our strong commitment to medical cannabis, we welcome LiUNA Local 1059 and look forward to the continued engagement with our local patient base.”

LiUNA is the largest construction union in Canada.

Shares of WeedMD jumped 2.4% in Canada at C$0.84 and were 1.4% higher in the US at US$0.64 on Thursday afternoon.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

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