Starseed is now the preferred medical cannabis supplier to five LiUNA Locals including London Local 1059’s 4,000 members through their health benefit plan
Toronto, Canada, January 16, 2020 – WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”), a federally-licensed producer and distributor of medical-grade cannabis, is pleased to announce that its newly-acquired subsidiary Starseed Medicinal Inc. (“Starseed”) has launched its full-service medical cannabis program as the preferred supplier of medical cannabis to Labourers’ International Union of North America (LiUNA) Local 1059, headquartered in London, Ontario. The agreement provides approximately 4,000 members and their dependents with medical cannabis as a reimbursed benefit with no co-pay or out-of-pocket costs.
LiUNA is the largest construction union in Canada and LiUNA Local 1059 becomes the fifth LiUNA local to be onboarded onto Starseed’s medical cannabis program following launches in Toronto, Hamilton-Niagara and Windsor. Additional LiUNA locals are expected to join in 2020 along with other new insurance payor groups.
“Starseed’s full service medical platform – coupled with WeedMD’s medical-grade cannabis products – is revolutionizing the way Canadians access medical cannabis and we welcome LiUNA Local 1059 members to our program,” said Angelo Tsebelis, President of Starseed. “WeedMD and Starseed are improving fair and safe access to medical cannabis with an end-to-end service model that eliminates many of the practical and financial barriers associated with traditional ways of accessing cannabis as a medicine.”
“It’s important to the Local 1059 Benefit Trustees that our 4,000 members have access to a broad and diverse range of medical therapies to suit their individual healthcare needs. Having the opportunity to collaborate with some of the most trusted names in medical cannabis was a key driver for entering into this agreement with Starseed,” said Brandon MacKinnon, Business Manager of LiUNA Local 1059. “Additionally, WeedMD has a strong reputation in our city and we’re looking forward to working with this local licensed producer to educate and facilitate medical cannabis access for our members.”
“We’ve kicked off the new year as a freshly integrated company and we’re thrilled at the many strategic business opportunities and partnerships that Starseed is bringing forward – perfectly aligned with our best-in-class cultivation program,” said Keith Merker, CEO of WeedMD. “As long-time supporters of our hometown London community coupled with our strong commitment to medical cannabis, we welcome LiUNA Local 1059 and look forward to the continued engagement with our local patient base.”
About WeedMD Inc.
WeedMD Inc. is the publicly-traded parent company of WeedMD Rx Inc., a federally-licensed producer of cannabis products for both the medical and adult-use markets. The Company owns and operates a 158-acre state-of-the-art greenhouse, outdoor and processing facility located in Strathroy, Ontario. WeedMD also operates CX Industries Inc., a wholly-owned subsidiary of WeedMD Inc., from the Company’s fully-licensed 26,000 sq. ft. Aylmer, Ontario production facility which specializes in cannabis extraction and processing. With the recent acquisition of Starseed Medicinal Inc., a medical-centric licensed holder with operations in Bowmanville, Ontario, WeedMD has expanded its multi-channeled distribution strategy. Starseed’s industry-first, exclusive partnership with LiUNA, the largest construction union in Canada, along with other employers and union groups complements WeedMD’s direct sales to medical patients. The Company maintains strategic relationships across the seniors’ market and supply agreements with Shoppers Drug Mart as well as six provincial distribution agencies where its adult-use brands Color Cannabis and Saturday are sold.
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