The newest cannabis stock at the TSX Ventures Exchange is WeedMD Inc., which is expected to begin trading tomorrow, April 27, 2017. Shares of WeedMD Inc. will be trading under the symbol "WMD", and if recent cannabis IPOs give any signaling, the investor demand should be significant.
WeedMD's wholly-owned subsidiary, WeedMD RX Inc., is licensed under Health Canada's ACMPR to cultivate cannabis at its facilities located in Aylmer, Ontario. Additionally, WeedMD has just recently applied for an addition to the company's ACMPR license to allow for the sale of cannabis plants and dried materials. According to WeedMD's most recent announcement, "WeedMD expects to receive its Sales License in the second quarter of 2017."
We'll be watching the markets tomorrow to see how things go for WeedMD, and we'll be sure to keep you posted on any developments. Don't forget, Harvest One resumes trading on Friday!
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