– CANADA, Aylmer – WeedMD Inc. (TSX:WMD | OTC:WDDMF |FSE:4WE), a federally-licensed producer and distributor of medical cannabis, today announced the appointment of Michael Pesner, CPA, CA, as an independent director to WeedMD’s board of directors and Chair of its Audit Committee.
Mr. Pesner is the President of Hermitage Canada Finance Inc., specializing in financial and capital markets advisory services since 2002. He previously held roles as a Senior Partner at KPMG Financial Advisory Group in Montreal from 1989-2002, and prior to, held a number of senior management roles at KPMG’s predecessor firms including divisional Chairman and executive partner. Mr. Pesner is a Chartered Professional Accountant (CPA and CA) and brings a wealth of previous board experience, including, but not limited to, KPMG, SAQ (Société des alcools du Québec), Richmont Mines, Well.ca and DavidsTea. Current board memberships include the Montreal Regional Board of the Quebec Solidarity Fund and Le Château, amongst others.
“Michael is a well-respected corporate advisor and board director to a wide range of industries ranging from life sciences to technology to retail. With more than 40 years of experience in corporate finance, accounting, audit, and strategic planning, he brings tremendous value to our board as we position the company for significant growth through the remainder of 2018 and beyond,” said Michael Kraft, Chairman of WeedMD. “We are thrilled to welcome Michael to our board and look forward to working closely with him and benefiting from his expertise and relationships in his home province of Quebec.”
“As someone who has gained industry experience participating in the growth and development of businesses at different stages, I’m looking forward to bringing my insights to WeedMD’s management team and board. This is an exciting time for WeedMD as the company is growing at an accelerated rate and delivering on its milestones,” said Michael Pesner.
The Company also announces that Mr. Bruce Dawson-Scully is stepping down from the Board of Directors. WeedMD’s board, management team and employees would like to thank Mr. Dawson-Scully for all his time, efforts and commitment. Michael Kraft added: “It has been a pleasure working with Bruce over the past four years as we built WeedMD to the stage it is at today with strong fundamentals and positioned for future growth and success.”
About WeedMD Inc.
WeedMD Inc. is the publicly-traded parent company of WeedMD Rx Inc., a federally-licensed producer and distributor of cannabis and cannabis oil under the Access to Cannabis for Medical Purposes Regulations. The Company operates two facilities: a 26,000 sq. ft. indoor facility in Aylmer, Ontario and a state-of-the-art greenhouse facility located in Strathroy, Ontario. The Greenhouse currently has 44,000 square feet of licensed space in production and is expected to have a total footprint of more than 500,000 square feet online by year-end 2018. WeedMD has a multi-channeled distribution strategy that includes supply agreements with Shoppers Drug Mart and provincial distribution agencies, as well as through strategic relationships across the seniors’ market in Canada.
For more information : https://www.weedmd.com
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