WeedMD stock rises nearly 89% with new facility purchase

Canadian medical cannabis producer WeedMD’s (TSXV:WMD) stock has risen 70% in the last few weeks following its purchase announcement of 14 acres worth of new greenhouse facilities from Perfect Pick Farms in Strathroy, Ontario. The acquisition will increase WeedMD’s annual production from 1,200 kg to over 21,000 kilograms.

WeedMD’s lease agreement for the initial 217,800 sq ft facility will last for two years, with an option to extend for an additional 10 years. Perfect Pick will provide a large portion of the skilled labor to operate the facility.

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

Source: WeedMD

WeedMD stock rises nearly 89% with new facility purchase

About Cannin.com: Your Marijuana Stocks Resource

Cannin is your #1 resource for marijuana stocks. Our global team of experts evaluates all emerging marijuana stock investing opportunities. We aggregate hundreds of hours of research and provide tips on the best marijuana stock investments for 2020.

Use Cannin as your resource for:

Is it too late to invest in marijuana stocks? No! This is the perfect time to invest.

Many market analysts expect the legal marijuana industry will have an annual value exceeding $75 Billion in the next decade. The time to invest in marijuana stocks is now.

Are you interested in marijuana stocks like Curaleaf, Trulieve, Aurora Cannabis, or Charlotte’s Web,?

Are you looking to buy stock in marijuana companies for 2020? Interested in emerging penny marijuana stocks? Looking for the best Canadian marijuana stocks to invest in? We can help.

Predict price movements of marijuana stocks several hours in advance with our proprietary algorithmic stock trading software.

+25% Gains in 2020
+49.8% Gains in 2019
108% Backtested since 2012

We’re so confident you’ll love our algotrading marijuana stock signals, we’re willing to give you a one-month risk-free trial to see it for yourself.

Profit from the best marijuana stocks – we’ll show you how at cannin.com.

Marijuana Stocks, Pot Stocks, Algorithmic Stock Trading, Best Hemp Stocks to Invest In

WeedMD stock rises nearly 89% with new facility purchase