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WeedMD and Pita Pit Launch Pioneer Cannabis Corp.

WeedMD and Pita Pit Launch Pioneer Cannabis Corp.

A nationwide providers supplier for Canadians all in favour of opening their very own hashish retailer

Toronto, Canada, January 11, 2019 — WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE) (“WeedMD”), a federally-licensed producer and distributor of medical-grade hashish, alongside Pita Pit Canada (“Pita Pit”), a privately-owned Canadian quick informal franchise eatery with over 600 shops worldwide, together with over 225 shops in Canada, are happy to announce the nationwide launch of retail providers supplier, Pioneer Cannabis Corp. (“Pioneer”).

Taking inspiration from its founders, Pioneer offers a platform for Canadians with an entrepreneurial spirit and the objective of proudly owning and working their very own hashish retail retailer. Pioneer will present retailers with quite a lot of providers together with however not restricted to figuring out places, offering help with licensing and safety processes, level of gross sales and cost techniques, advertising providers, and coaching platforms that may embrace hashish instructional packages – every in accordance with the distinctive regulatory setting in every province and municipality.

Pioneer’s operations are being led by President Kristie Smith, who brings over eight years of expertise as a senior government at Pita Pit. Most just lately, she was chargeable for directing a number of elements of the retail providers enterprise together with improvement, franchising and operations. Kristie has been integral to the expansion of the Pita Pit enterprise.

Chief Government Officer Jordan Schwartz has in depth expertise managing start-up companies and different dynamic environments and has held a number of government roles together with most just lately managing director at Serruya Personal Fairness the place he oversaw acquisitions, funding and asset administration of a number of retail, actual property and shopper product companies.

Alexander Liszka, Chief Improvement Officer, has greater than 12 years of expertise advising personal and public shoppers throughout the globe on acquisitions, business preparations, venture improvement and regulatory compliance. Most just lately Alex was senior authorized counsel at IBI Group Inc., a worldwide architectural, engineering, design and know-how firm.

Collectively, Kristie, Jordan and Alex deliver greater than 35 years of mixed entrepreneurial, retail, franchise, improvement and advertising expertise.

“Pioneer brings an opportunity to those entrepreneurs interested in joining the cannabis industry, but who may not have the financial backing or the operational experience to pursue opening their own retail cannabis store,” stated Kristie Smith, President of Pioneer Cannabis. “Through this collaboration of established Canadian companies, we are paving the way for small businesses to participate in the emerging retail cannabis space that will promote local economic growth and opportunities.”

“The partnership between Pita Pit, which has helped many small business owners realize their dreams through proprietorship, and WeedMD, a trusted premium cannabis producer and distributor, will help entrepreneurs start up and operate their own stores safely and effectively,” stated Keith Merker, CEO of WeedMD. “We are excited to be a part of this opportunity and, together with Pita Pit, we look forward to Pioneer setting the standard for the Canadian cannabis retail experience.”

“We are enthusiastic about this unique opportunity to apply our retail development and operating expertise to support finding the right people and retail locations for this distinct business as it unfolds in an exciting, rapidly emerging industry,” stated Chris Fountain, CEO of Pita Pit. “We care about our communities – where we live and do business. We are excited for the opportunity to step up and be responsible stewards within a system that will benefit from participants who are of the highest integrity and are committed to the well-being of the people within these communities.”

Pioneer will pursue retail alternatives province by province in accordance with prevailing hashish retail laws. For extra info, go to the Pioneer web site www.pioneercannabis.com

About Pioneer Cannabis Corp.

Pioneer Cannabis Corp. is a retail providers supplier ensuing from a collaboration by two industry-leading Canadian corporations, WeedMD Inc., a trusted licensed hashish producer, and Pita Pit Canada, a franchising and model professional, to develop alternatives for on a regular basis Canadians to understand their goals of proudly owning and working their very own hashish retail retailer. The values of Pioneer are rooted in group and offering small enterprise house owners with the chance to thrive and contribute to their native financial system. We’re pioneers of hashish retail, supporting companies from the bottom up and setting the usual for Canadian hashish retail.

About WeedMD Inc.

WeedMD Inc. is the publicly-traded mother or father firm of WeedMD Rx Inc., a federally-licensed producer and distributor of hashish and hashish oil for each the medical and adult-use markets underneath the Cannabis Act. WeedMD Inc. operates two amenities: a 26,000 sq. ft. indoor facility in Aylmer, Ontario and a state-of-the-art greenhouse facility situated in Strathroy, Ontario. The greenhouse presently has 110,000 sq. ft of licensed area in manufacturing and is predicted to have a complete footprint of greater than 550,000 sq. ft on-line in early 2019. WeedMD has a multi-channeled distribution technique that features provide agreements with Consumers Drug Mart and provincial distribution businesses, in addition to by means of strategic relationships throughout the seniors’ market in Canada.

For extra info, entry WeedMD’s investor presentation right here and lately up to date company video right here.

About Pita Pit

 Based in 1995 in Kingston, Ontario close to Queen’s College, Pita Pit® is an progressive quick informal restaurant with a singular mindset that challenges shoppers to Refuse to Settle™ for something lower than high quality, wholesome, freshly grilled meals. After quickly incomes a loyal following in its residence market, franchising started throughout Canada in 1997 and, in 1999, the model expanded to the USA. Now boasting greater than 600 shops throughout North America and internationally throughout 13 nations, Pita Pit presents its clients tens of millions of ridiculously scrumptious, customizable flavour mixtures of grilled meats, recent greens, and zesty sauces all rolled into a singular and handy pita package deal. For extra details about Pita Pit, go to www.pitapit.ca/shopper or www.fb.com/pitapitcanada.

 Comply with WeedMD On:

   

For additional info, please contact:

WeedMD Inc.

Keith Merker, Chief Government Officer
Tel: 519-765-2440 Ext. 222
E-mail: [email protected]

To study extra, go to us at www.weedmd.com

For Media Enquiries:

Marianella delaBarrera
VP, Communications & Company Affairs
Tel: 416-897-6644
E mail: [email protected]

For Media Inquiries Pioneer Cannabis:

Jessica Nudo
Nuda Media
Tel: 514-962-6836
E-mail: [email protected]

Cautionary Assertion on Ahead-Wanting Info

This press launch incorporates “forward-looking information” inside the which means of relevant Canadian securities laws that are based mostly upon WeedMD’s present inner expectations, estimates, projections, assumptions and beliefs and views of future occasions. Ahead-looking info might be recognized by means of forward-looking terminology corresponding to “expect”, “likely”, “may”, “will”, “should”, “intend”, “anticipate”, “potential”, “proposed”, “estimate” and different comparable phrases, together with destructive and grammatical variations thereof, or statements that sure occasions or circumstances “may”, “would” or “will” occur, or by discussions of technique.

The forward-looking info on this information launch is predicated upon the expectations, estimates, projections, assumptions and views of future occasions which administration believes to be affordable within the circumstances. Ahead-looking info consists of estimates, plans, expectations, opinions, forecasts, projections, targets, steerage or different statements that aren’t statements of reality. Ahead-looking info on this information launch embrace, however are usually not restricted to, statements with respect to inner expectations, expectations with respect to precise manufacturing volumes, expectations for future rising capability and the completion of any capital undertaking or expansions. Ahead-looking info essentially contain recognized and unknown dangers, together with, with out limitation, dangers related to basic financial circumstances; hostile industry occasions; lack of markets; future legislative and regulatory developments; lack of ability to entry adequate capital from inner and exterior sources, and/or lack of ability to entry enough capital on beneficial phrases; the hashish industry in Canada usually; the power of WeedMD to implement its enterprise methods; competitors; crop failure; and different dangers.

Any forward-looking info speaks solely as of the date on which it’s made, and, besides as required by regulation, WeedMD doesn’t undertake any obligation to replace or revise any forward-looking info, whether or not because of new info, future occasions or in any other case. New elements emerge every so often, and it isn’t attainable for WeedMD to foretell all such elements. When contemplating this forward-looking info, readers ought to be mindful the danger elements and different cautionary statements in WeedMD’s Annual Info Type dated December 13, 2017 (the “AIF”) and different disclosure paperwork of WeedMD filed with the relevant Canadian securities regulatory authorities on SEDAR at www.sedar.com. The danger elements and different elements famous within the AIF and different disclosure paperwork might trigger precise occasions or outcomes to vary materially from these described in any forward-looking info.

 


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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