TORONTO, Jan. 10, 2019 (GLOBE NEWSWIRE) -- WeedMD Inc. (TSX-V:WMD)
(OTC:WDDMF) (FSE:4WE) (“WeedMD” or the “Company”) a
federally-licensed producer and distributor of cannabis, announced today that its board of directors has approved the grant of
1,078,000 incentive stock options (the “Options”) to directors and officers of the Company. The Options are exercisable at a price
of $1.53 per share and will vest quarterly over periods up to 36 months and certain Options are also subject to performance-based
milestones. Additionally, all of the Options have a five-year term and are based on WeedMD's stock option plan and the
requirements of the TSX Venture Exchange.
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 for both the medical and adult-use markets under the Cannabis Act. 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 110,000 square feet of licensed space in production and is expected to have a
total footprint of more than 550,000 square feet online in early 2019. 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, access WeedMD’s investor presentation here and recently updated corporate video here.
Follow WeedMD On:
Facebook: https://www.facebook.com/weedmd/
LinkedIn: https://www.linkedin.com/company/weedmd/?originalSubdomain=fr
Twitter: https://twitter.com/WeedMD
Instagram: https://www.instagram.com/weedmd/
For further information, please contact:
WeedMD Inc.
Keith Merker, Chief Executive Officer
Tel: 519-765-2440 Ext. 222
Email: investor@weedmd.com
To learn more, visit us at www.weedmd.com
For Media Inquiries:
Marianella delaBarrera
VP, Communications & Public Affairs
Tel: 416-897-6644
Email:marianella@weedmd.com
Forward Looking Information
This press release contains "forward-looking information" within the meaning of applicable Canadian
securities legislation which are based upon WeedMD's current internal expectations, estimates, projections, assumptions and beliefs
and views of future events. Forward-looking information can be identified by the use of forward-looking terminology such as
"expect", "likely", "may", "will", "should", "intend", "anticipate", "potential", "proposed", "estimate" and other similar words,
including negative and grammatical variations thereof, or statements that certain events or conditions "may", "would" or "will"
happen, or by discussions of strategy.
The forward-looking information in this news release is based upon the expectations, estimates, projections,
assumptions and views of future events which management believes to be reasonable in the circumstances. Forward-looking information
includes estimates, plans, expectations, opinions, forecasts, projections, targets, guidance or other statements that are not
statements of fact. Forward-looking information in this news release include, but are not limited to, statements with
respect to internal expectations, expectations with respect to actual production volumes, expectations for future growing capacity
and the completion of any capital project or expansions. Forward-looking information necessarily involve known and unknown risks,
including, without limitation, risks associated with general economic conditions; adverse industry events; loss of markets; future
legislative and regulatory developments; inability to access sufficient capital from internal and external sources, and/or
inability to access sufficient capital on favourable terms; the cannabis industry in Canada generally; the ability of
WeedMD to implement its business strategies; competition; crop failure; and other risks.
Any forward-looking information speaks only as of the date on which it is made, and, except as required by
law, WeedMD does not undertake any obligation to update or revise any forward-looking information, whether as a result of new
information, future events or otherwise. New factors emerge from time to time, and it is not possible for WeedMD to predict all
such factors. When considering this forward-looking information, readers should keep in mind the risk factors and other cautionary
statements in WeedMD's Annual Information Form dated December 13, 2017 (the "AIF") and other disclosure documents of WeedMD filed
with the applicable Canadian securities regulatory authorities on SEDAR at www.sedar.com. The risk factors and other factors noted in the AIF and other disclosure
documents could cause actual events or results to differ materially from those described in any forward-looking
information.
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