Starseed Medicinal Inc, a subsidiary of WeedMD Inc (OTCMKTS:WDDMF), has become a preferred supplier of medical cannabis to the myHSA program in Canada. Around 51,000 people take part in this program. myHSA operates a digital wellness and reimbursement program with the help of more than 8,500 employers. The digital platform of myHSA provides an easy to navigate and interactive menu.
Employers ensure healthy living of employees
Several employers have recognized the need for ensuring healthy living for their employees. Chief Executive Officer of WeedMD, Angelo Tsebelis, said the company is excited to enter into a pact with myHSA because it looks for access to quality cannabis for more than 51,000 participating members. The eligible participants of myHSA can now access the patient portals of WeedMD and the full patient medical cannabis program. myHSA’s participants can claim reimbursement.
Top-quality products to employees
Chief Executive Officer of myHSA, Tim Kane, said the company needs to ensure that its employees are in full control of their wellness journey. Hence, it partners with Starseed, which offers high-quality cannabis products, to provide top-quality products to its employees. The company has developed a platform that allows the participants to prudently spend their dollars on wellness benefits.
Receives award for best places to work 2020
WeedMD has received an award from the London Inc. Magazine for best places to work in 2020 among the largest businesses. Editor and founder of London Inc. Magazine, Gord Delamont, said these awards are presented to employers in the Southwestern Ontario region in recognition of their efforts to creating the best working environment. It congratulates WeedMD for promoting a trusted and positive work environment that motivates the employees to produce quality products.
Shareholders give nod for $25 million investment
WeedMD is pleased to announce that its shareholders gave the nod for the subscription receipts exercise from LiUNA pension of Eastern and Central Canada and the private placement for $25 million gross proceeds. Hence, the subscription receipts will be converted into 23.079 million common shares of WeedMD. Executive Chairman of WeedMD, George Scorsis, said the shareholders’ approval and for the equity investment of $25 million has strengthened the balance sheet.
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