The agreement will facilitate the supply of the Company’s toothpaste and mouthwash containing cannabidiol (CBD) for its clinical trial.
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WeedMD will begin planting more than 20,000 cannabis plants during the week of June 10, 2019 at its Strathroy, Ontario site.
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South Africa allows for the legal distribution of CBD products made in accordance with the government’s specified preparations.
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The Company will commence planting more than 20,000 clones in early June with plans to harvest in fall 2019, increasing potential production output by an additional 27,000 kgs.
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The warrants will have an exercise price of $1.30 per share, will be immediately exercisable and will expire five years from the date of issuance.
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