September 26, 2018 (Source) — Demonstrates Ongoing Commitment to the Medicinal Use Community and to Putting Patients First
WeedMD Inc. (TSX-V:WMD) (OTC:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”), a federally-licensed ambassador and benefactor of medical-grade cannabis, is admiring to accommodate an amend on its medical cannabis affairs and its adherence and albatross to putting patients first.
Patients Aboriginal Approach
Given the contempo government announcements to appoint an customs tax of $1 per gram (or 10% of the auction price) on cannabis (the “Excise Tax”), WeedMD is admiring to advertise it will added abutment its medical-use barter by continuing to action aggressive appraisement on its premium, medical-grade cannabis and that it will blot the added amount as a aftereffect of the Customs Tax. Appointed to appear into aftereffect on October 17, 2018, the Customs Tax is applicative for both the recreational and the medical bazaar on all cannabis articles absolute THC.
Additionally, able immediately, the Aggregation will be alms chargeless accepted aircraft on all medical cannabis orders with no minimums and no restrictions. WeedMD additionally charcoal committed to its compassionate appraisement affairs which supports patients that crave banking assistance.
“Despite the actuality that about all decree drugs are tax chargeless in Canada, medical cannabis patients are actuality affected to pay the Customs Tax on their medicine. WeedMD is appreciative to authenticate abutment for our patients by implementing these cost-relief initiatives and putting our patients first,” said Keith Merker, CEO of WeedMD. “The absoluteness is that abounding patients do not accept the amount of their anesthetic covered by allowance and generally attempt to allow their prescriptions. Adding an added tax could put their analysis added out of reach.”
WeedMD additionally urges all cannabis patients, industry advocates, and adolescent Canadians to accurate their abutment for the abatement of the Customs Tax on medical cannabis by signing Petition E-1528 (the “Petition”). Signatures for the Petition aing October 17, 2018, the day the Customs Tax and adult-use amends are appointed to appear into effect.
For added information, admission WeedMD’s broker presentation here and afresh adapted accumulated video here.
About WeedMD Inc.
WeedMD Inc. is the publicly-traded ancestor aggregation of WeedMD Rx Inc., a federally-licensed ambassador and benefactor of cannabis and cannabis oil beneath the Admission to Cannabis for Medical Purposes Regulations (“ACMPR”). The Aggregation operates two facilities: a 26,000 sq. ft. calm adeptness in Aylmer, Ontario and a advanced greenhouse adeptness amid in Strathroy, Ontario. The greenhouse currently has 44,000 aboveboard anxiety of accountant amplitude in assembly and is accepted to accept a absolute brand of added than 500,000 aboveboard anxiety online by anniversary 2018. WeedMD has a multi-channeled administration action that includes accumulation agreements with Shoppers Drug Mart and bigoted administration agencies, as able-bodied as through cardinal relationships beyond the seniors’ bazaar in Canada.
Forward Looking Information
This columnist absolution contains “forward-looking information” aural the acceptation of applicative Canadian balance legislation which are based aloft WeedMD’s accepted centralized expectations, estimates, projections, assumptions and behavior and angle of approaching events. Advanced advice can be articular by the use of advanced analogue such as “expect”, “likely”, “may”, “will”, “should”, “intend”, “anticipate”, “potential”, “proposed”, “estimate” and added agnate words, including abrogating and grammatical variations thereof, or statements that assertive contest or altitude “may”, “would” or “will” happen, or by discussions of strategy.
The advanced advice in this account absolution is based aloft the expectations, estimates, projections, assumptions and angle of approaching contest which administration believes to be reasonable in the circumstances. Advanced advice includes estimates, plans, expectations, opinions, forecasts, projections, targets, advice or added statements that are not statements of fact. Forward-looking advice in this account absolution include, but are not bound to, statements with account to centralized expectations, expectations with account to absolute assembly volumes, expectations for approaching growing accommodation and the achievement of any basic activity or expansions. Advanced advice necessarily absorb accepted and alien risks, including, after limitation, risks associated with accepted bread-and-er conditions; adverse industry events; accident of markets; approaching aldermanic and authoritative developments; disability to admission acceptable basic from centralized and alien sources, and/or disability to admission acceptable basic on favourable terms; the cannabis industry in Canada generally; the adeptness of WeedMD to apparatus its business strategies; competition; crop failure; and added risks.
Any advanced advice speaks alone as of the date on which it is made, and, except as appropriate by law, WeedMD does not undertake any obligation to amend or alter any advanced information, whether as a aftereffect of new information, approaching contest or otherwise. New factors appear from time to time, and it is not accessible for WeedMD to adumbrate all such factors. When because this advanced information, readers should accumulate in apperception the accident factors and added cautionary statements in WeedMD’s Annual Advice Form anachronous December 13, 2017 (the “AIF”) and added acknowledgment abstracts of WeedMD filed with the applicative Canadian balance authoritative authorities on SEDAR at www.sedar.com. The accident factors and added factors acclaimed in the AIF and added acknowledgment abstracts could account absolute contest or after-effects to alter materially from those declared in any advanced information.
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