Could this be the catalyst for the recent serge in the SP !
WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF), a federally-licensed producer and distributor of medical-grade cannabis announced that it has entered into a supply agreement with Pax Labs, Inc. , a leader in premium cannabis vaporizer technology, with award-winning devices for both oil concentrates and flower. WeedMD will become a brand partner and supplier for the PAX® ERA® Collection in Canada, which includes the closed-loop PAX® ERA® and ERA PRO™ devices.
WeedMD’s partnershipwith PAX will accelerate the growth of the Company's Cannabis 2.0 productstrategy as it expands into new formats using its low-cost, quality-produced,strain-specific biomass. As the latest cultivator to launch PAX Era Pods inCanada, WeedMD will produce cannabis oil pods for the ‘pen-and-pod’ vaporizerdevices at the Company’s state-of-the-art extraction hub in Aylmer, Ontario.WeedMD will sell Color Cannabis, and Starseed Medicinal-branded oil pods nationwidethrough supply arrangements with retailers, and its online medical store.
"As we continueto enhance and expand our new cannabis formats and brand reach for Color andStarseed, we’re proud to partner with PAX, and we are looking forward to addingits line up to our growing portfolio of 2.0 brands,” said Angelo Tsebelis, CEOof WeedMD. “PAX is widely known as a premier innovator in cannabis productvaporizers. With its award-winning brand appeal and consumer-favoured hardwareofferings, PAX is perfectly suited to be paired with WeedMD’s quality-produced,terpene-rich cannabis concentrates.”
"PAX is thrilledto welcome WeedMD, a leader in the medical cannabis channel in Canada, to ourCanadian Brand Partner family," said Tim Pellerin, General Manager, Canada& International at PAX Labs. "WeedMD has a record of deliveringhigh-quality, novel products to patients and consumers in varied consumptionmethods. We look forward to growing together across all channels, rooted in ourshared rigor in quality, innovation, and access to information, to bring theseproducts to medical and adult-use consumers across the country."
PAX Era Pods, for usewith PAX's high-tech oil vaporizers, are dependable, leak-resistant anddesigned to be clog-free. PAX is a market leader with over two million devicessold worldwide and an established reputation as the best-selling pen-and-podsystem in the U.S.
