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WeedMD Inc (OTCMKTS:WDDMF) Signs An Accord with British Columbia Liquor Distribution Branch For the Supply of Cannabis

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WeedMD Inc (OTCMKTS:WDDMF) has entered into  pact with British Columbia Liquor Distribution Branch  (BCLDB) for the supply of adult use branded and good quality cannabis products to the British Columbia.

CEO of WeedMD, Keith Merker said the company is happy that BCLDB will supply the high quality cannabis products to the adult consumers in British Columbia, the developed and matured cannabis market in Canada.

The company is emerging as a prominent supplier of quality cannabis through multiple distribution channels as the province is advancing retail strategies for cannabis. The alliance with BCLDB is a significant step in the right direction to cash in on the growing need for adult use cannabis in British Columbia, Canada.

Chief Executive Officer and General Manager of BCLDB, Blain Lawson said the Liquor Distribution Branch is very excited about reaching an accord with WeedMD to create a wholesale market for cannabis for non-medical use on a competitive basis.

The quality, variety, and volume of the product range indicate the commitment of  the Liquor Distribution Branch to prevent the use of illicit cannabis products in British Columbia.

WeedMD will initiate the sale of cannabis in October 2018 in British Columbia when legalization of cannabis for adult use is expected.

The company has also signed supply accords with Shoppers Drug Mart and AGLC (Alberta Gaming, Liquor and Cannabis Commission). In a bid to create a national distribution platform for adult use of the cannabis, the company is also working regulators, provincial distributors and retailers.

WeedMD is in the final stages of completing the greenhouse retrofit that spans an area of 220,000 sq. ft. in Strathroy, Ontario.

WeedMD Terminates Arrangement Accord with Hiku Brands Company Ltd (OTCMKTS:DJACF)

WeedMD has announced the termination of arrangement accord it has entered into with a Hiku Brands Company Ltd (OTCMKTS:DJACF). The company has received $10 million as termination fee from Hiku Brands.

WeedMD Promotes Keith Merker as CEO

WeedMD has promoted Keith Merker to Chief Executive Officer from Chief Financial Officer with immediate effect.

According to an update from CEO, the company has successfully accomplished the growth strategy. WeedMD is moving ahead with its growth plan.

BUSINESS

Medmen Enterprises Inc (OTCMKTS:MMNFF) Collaborates With Kikoko, Barkley, And Papa To Promote Its Cannabis Products

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Medmen Enterprises Inc (OTCMKTS:MMNFF) has collaborated with Kikoko, Barkley, and Papa to promote its cannabis products. They will provide the samples of cannabis products to the Los Angeles Studios such as Cycle House, Oraya Movement, Box Union Robertson, LIT Method, and Sweat Yoga. The visitors to these studios will also benefit from incentives.

Sweat yoga locations

The hot yoga studio – Sweat Yoga operates from locations such as Little Tokyo, Playa Vista Westlake Village, and Santa Monica. It will establish a partnership with Medmen for its Sunday night Yin at all these locations in February and January 2020. Those who attend the classes will have a chance to enjoy samples of Positivi Tea from Kikoko. Barkley and Papa will also distribute the samples of Releaf balm to the attendees.

Cycle House in West Hollywood

Los Angeles premiere indoor cycle studio – Cycle House is situated in West Hollywood. It will partner with Medmen for two rides this month. The attendees will get the samples of Releaf Balm from Barkley and Papa.

Oraya Movement in West Hollywood

The West Hollywood based Oraya Movement will unveil Yoga Workshop, Pilates, and Breathwork on January 19, 2020. The participants will receive the samples of Positivi Tea from Kikoko.

LIT Method – West Hollywood

The West Hollywood based wellness studio – LIT Method will get the sponsorship from Medmen for its two signature classes on January 19, and 12 2020. The participants will receive branded yoga mats and enjoy the samples of Positivi Tea from Kikoko.

Box Union – Robertson Blvd Location

Medmen will partner with Box Union for a Saturday morning class, which will feature top-notch instructors – Justin and Tara, January 25, and 11, 2020. The participants at Robertson Blvd Location will receive samples of Releaf Balm from Barkley and Papa.

The visitors can enjoy hours of comfort in all-natural and rich Botanical Balms, which comprises unmatched terpene content. Positiv Tea from Kikoko is an organically grown and ready to brew green tea with peppermint flavor and blended with Kikogold cannabis active.

All of this is part of Medmen’s “New Year New You” program to allow community engagement this year.

Financial arrangements

Medmen announced several financial arrangements that include the financing of $37 million, cost-cutting measures, and amending outstanding debt to strengthen its balance sheet and improve corporate governance.

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Kannaway, A Subsidiary Of Medical Marijuana Inc (OTCMKTS:MJNA), Is The Most Popular CBD MLM Company: Hemp Meds Mexico Inaugurates a New Office In Mexico

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Kannaway, a subsidiary of Medical Marijuana Inc (OTCMKTS:MJNA), has become the well known CBD MLM company in 2020. It finds a place in the HealthMJ’s list this year. Business for Home has listed Kannaway, one of the top hundred MLM companies in 2020.

Kannaway establishes quality standards

Blake Schroeder, Chief Executive Officer of Kannaway, said it is exciting to get recognition as a top player in the industry even today after becoming the first company to market the CBD products in 2014 directly. The enactment of a Farm Bill in 2018 helped the CBD industry to post remarkable growth in 2019. Kannaway played a vital role in 2019 in establishing several safety and quality standards for the market to flourish.

The US consumers learn about CBD from friends

Over 50% of the US consumers learned about cannabidiol for the first time from family and friends. The demand for hemp-based CBD in the US is expected to reach up to $2.75 billion in 2020. According to Direct Selling News, the sales of CBD related products by the direct selling companies are estimated at more than $300 million in 2018.

Dr. Stuart Titus, Chief Executive Officer of Medical Marijuana, said Kannaway is flourishing in the CBD market, which is growing at a fast pace. He further said the company is excited to get honored on HealthMJ’s list and among the top 100 MLM companies in 2020. The company also bagged several accolades that include BIG Awards for Business, Stevie Awards, and Golden Bridge Awards. It is yearning to receive more such awards this year.

HempMeds Mexico inaugurates new office

HempMeds Mexico, a subsidiary of Medical Marijuana, has inaugurated a new office in Mexico City. President of HempMeds Mexico, Raul Elizalde, said the company is pleased to establish a new office, and it helps to strengthen its footprint in the nation. It is already managing offices in Monterrey since 2017. The newly opened office will help the public with a plethora of information on CBD products being offered in Mexico.

The market for the medical cannabis market

The market for medical cannabis in Mexico in 2018 is estimated at $47.3 million. If cannabis for recreational and medical uses is legalized, the combined demand for medical and recreational use will reach over $1 billion by the year 2024.

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Sundial Growers Inc (NASDAQ:SNDL) And Vir Biotechnology Inc (NASDAQ:VIR) Strike Deal To Support Clinical Studies

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Sundial Growers Inc (NASDAQ:SNDL) and Vir Biotechnology Inc (NASDAQ:VIR) are into a new deal that spans about three years. The terms of the deal outline that Sundial will be serving Vir Pharma with medical cannabis oil supplies.

The business cooperation

On the other hand, Vir Pharma intends to make an impact in the treatment of chronic pain and will be using products from the business partner. The plan is to conduct its clinical studies effectively in Australia, and the oral formulations will be used in the development of its prescription drug.

The proprietary drug will be developed using cannabis products, and the company is optimistic patients will benefit from the medication. It will be about giving them a break from the use of the various treatments developed using opioids.

Thoughts from leaders

The Chief Operating Officer of Sundial, known as Brian Harriman, is one of the leaders that have spoken concerning the matter. The official has termed the recent move an outstanding one considering that it is about them triumphant entry into Australia. It also marks the company’s first global exports, and the official believes that they are taking steps in the right direction.

The leader also thinks quite highly about their business partner calling it one of the leading companies in the market. He believes that it is such a great honor getting the opportunity to work with Vir Pharma on their quest to grasp business leadership. Harriman also says that the patients in Australia deserve the best form of treatment, and it is a good thing that they will be receiving the top quality cannabis-based therapies.

The terms of this deal also provide that the cannabis blend developed by the two will be marketed under Vir Pharma’s label, and the brand name will be Virabis.

The CEO of Vir Pharma Joel Hardy has also spoken on behalf of his company, outlining that they are proud to be a part of the companies focusing on developing cannabis medicines. According to him, these full-spectrum medicines are essential in helping to eliminate or minimize the use of opioid products as a form of treatment. He says that he will be at the frontline in supporting the cooperation between the two companies.

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