leadf
logo-loader
viewWeedMD Inc

WeedMD inks cannabis supply partnership with Pax Labs

The medical-grade cannabis producer and distributor said the partnership will accelerate the growth of its Cannabis 2.0 product strategy as it expands into new formats

WeedMD Inc - WeedMD inks cannabis supply partnership with Pax Labs
Pax is a leader in premium cannabis vaporizer technology

WeedMD Inc (CVE:WMD) (OTCQX:WDDMF) (FRA:4WE) said it has entered into a supply agreement with Pax Labs Inc, a leader in premium cannabis vaporizer technology, with award-winning devices for both oil concentrates and flower.

Under the deal, the medical-grade cannabis producer and distributor said it will become a brand partner and supplier for the PAX ERA Collection in Canada, which includes the closed-loop PAX ERA and ERA PRO devices.

READ: WeedMD posts C$5.9M in 2Q revenue as it sharpens focus on higher margin, direct-to-consumer model

WeedMD said the partnership will accelerate the growth of its Cannabis 2.0 product strategy as it expands into new formats using its low-cost, quality-produced, strain-specific biomass. The firm will also produce cannabis oil pods for the ‘pen-and-pod’ vaporizer devices at its extraction hub in Aylmer, Ontario. Additionally, it will sell Color Cannabis and Starseed Medicinal-branded oil pods nationwide through supply arrangements with retailers, and its online medical store.

"As we continue to enhance and expand our new cannabis formats and brand reach for Color and Starseed, we’re proud to partner with PAX, and we are looking forward to adding its line up to our growing portfolio of 2.0 brands. PAX is widely known as a premier innovator in cannabis product vaporizers. With its award-winning brand appeal and consumer-favoured hardware offerings, PAX is perfectly suited to be paired with WeedMD’s quality-produced, terpene-rich cannabis concentrates,” WeedMD chief executive Angelo Tsebelis said in a statement.

"PAX is thrilled to welcome WeedMD, a leader in the medical cannabis channel in Canada, to our Canadian Brand Partner family. WeedMD has a record of delivering high-quality, novel products to patients and consumers in varied consumption methods. We look forward to growing together across all channels, rooted in our shared rigor in quality, innovation, and access to information, to bring these products to medical and adult-use consumers across the country," added Tim Pellerin, general manager, Canada & International at PAX Labs.

Contact the author at [email protected]

Follow him on Twitter @Cal_Proac

Quick facts: WeedMD Inc

Price: 0.34 CAD

TSX-V:WMD
Market: TSX-V
Market Cap: $71.49 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of WeedMD Inc named herein, including the promotion by the Company of WeedMD Inc in any Content on the Site, the Company receives from said issuer...

FOR OUR FULL DISCLAIMER CLICK HERE

Buds & Duds: Cannabis stocks off to slow start to the holidays; WeedMD rises...

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, fell 1.8% to settle at 115.4 points. Elsewhere, the Horizons Marijuana Life Sciences Index ETF lost 2.1% at C$8.99, while the OTCQX Cannabis dropped 2.3% at 444.7 points. Buds today are WeedMD Inc...

on 12/02/2019

2 min read