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WeedMD bolstered by appointment of expert cannabis physician

Last updated: 11:28 27 Mar 2018 BST, First published: 10:28 27 Mar 2018 BST

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WeedMD is a federally licensed producer and distributor of medical cannabis

Expert cannabis physician Dr Jonas Vanderzwan has been hired by pot firm WeedMD Inc (CVE:WMD, OTC:WDDMF) as medical director and chair of its clinical advisory board.

The board will oversee all areas related to the company's medical research and development initiatives.

READ: WeedMD invests in Snipp Interactive Inc; to develop new marketing and sales programs

The group is in the process of securing a Health Canada dealer's licence, which will allow research, for it to store cannabis derivatives, process natural health products and export cannabis oils and concentrates.

Recognized in Ontario as a cannabis educator and specialist, Vanderzwan has been providing medical staff with guidance on cannabis-prescribing protocols, cannabis pharmacology, physiological effects and assessment tools.

With over 15 years' primary care experience, he is also a member of the International Cannabinoid Research Society, Canadian Consortium for the Investigation of Cannabinoids and International Association for Cannabinoid Medicines.

"This is a strategic and important appointment for our patient base who are seeking standardized treatment options and more precise strain selection and dosing from their medical practitioner," Bruce Dawson-Scully, chief executive at WeedMD, told investors.

"An obstacle for many cannabis patients is the limited information coming from the medical community about cannabis use for specific ailments.

READ: WeedMD ventures into blockchain with Blockstrain Technology Corp investment

"Dr. Vanderzwan brings a wealth of experience, knowledge and the willingness to support patients and medical practitioners. He will also be participating in studies alongside leading institutions and their researchers from around the world."

WeedMD operates a 26,000 sq ft indoor facility in Aylmer, Ontario and is awaiting its second-site cultivation licence for a greenhouse in Strathroy, Ontario, representing 610,000 sq ft, or 14 acres, under glass.

WeedMD has entered into supply agreements in addition to strategic relationships with established cannabis brands.

Shares eased 4.73% to C$1.61.

Buds & Duds: Cannabis stocks cruise; WeedMD perks up on news of first...

Buds today are WeedMD (CVE:WMD) (OTCMKTS:WDDMF), The Green Organic Dutchman Holdings Inc (TSE:TGOD) (OTCMKTS:TGODF). The duds are Aphria Inc (TSE:APHA) (NYSE:APHA), Auxly Cannabis Group Inc (CVE:XLY) (OTCMKTS:CBWTF). 

on 17/4/19