WeedMD Inc (OTCMKTS:WDDMF) has today posted an open letter to its shareholders. The reason for this move is to serve them with some additional information regarding is cultivation activities. They will learn about the yields it obtained from its 27-acre outdoor farm which is something they have been looking forward to.
A close focus
This business has been showcasing remarkable business performance lately and it attributes that to its business strategy. It has been planting high-quality seeds and tending them using the best products. That is how it has gotten to the point of becoming one of the market leaders in the cannabis segment. It agrees that indeed challenges have been popping up from time, but the dedicated nature of its team has always helped push it forward.
The company has also communicated about its progress in line with the acquisition of Starseed Holdings Inc.It reveals that this hasn’t been a hasty decision but a topic that has popped up several times in its board meetings. It says that the aim is to be able to compete favorably in the dynamic markets. The business guru adds that it understands the essence of adopting consumer-centric approaches to succeed.
Starseed Holdings acquisition
Starseed Holdings Inc was founded way back in 2013. WeedMD has been keenly following on its progress to discover that it was a business with outstanding growth potential. This might have contributed to the move to consider it an ideal acquisition. The company says that it has had to make several consultations to get to the point of considering acquiring it.
The other thing the business has highlighted is about the Labourers’ Pension Fund of Eastern and Central Canada. This investment fund is the big name behind the $25 million strategic investment that the business guru has highlighted in the open letter.
WeedMD is calling upon its investors to visit its website to understand more about its dealings. It terms the report an elaborate piece covering most of the areas that might interest shareholders.
WeedMD has always been quick to take up all business strategies that would put it on the lead. One of these strategies has been efforts to make direct sales to its medical patients.