- WeedMD (WMD) has developed new cannabis 2.0 products
- The products feature hash, live resin and rosin extracts for an adult-use lineup
- WeedMD said these new cannabis 2.0 extract products are expected to debut during the second quarter of 2021
- According to Stats Canada, 527,987 units of adult-use extract products were purchased by Canadians in January 2020
- WeedMD closed at C$0.32 per share
WeedMD (WMD) has developed new cannabis 2.0 products that include hash, live resin and rosin extracts for an adult-use lineup.
WeedMD said these new cannabis 2.0 extract products are expected to debut during the second quarter of 2021, under its Color Cannabis and Saturday Cannabis adult-use brands.
WeedMD Executive Chairman and Interim CEO George Scorsis said the company is thrilled to announce its expansion into this product area.
“We are listening to our consumers and retail partners in developing these products and extending our portfolio,” he said.
Product development for both solventless cannabis concentrates (including bubble hash and rosin) and hydrocarbon (live resin) extract products are currently underway alongside WeedMD and its highly skilled third-party processors.
The company said this includes trialing processes to produce extracts which best capture and preserve WeedMD’s most robust, trichome-coated flowers, including award-winning strains such as Pedro’s Sweet Sativa and Mango Haze.
WeedMD has further developed a unique, in-house sub-critical CO2 extract post-processing methodology, which preserves the flower’s terpene profile and results in a malleable, semi-solid high-potency cannabis extract product.
Trials to confirm scalability and product integrity are currently underway at the company’s Aylmer, Ontario processing and extraction hub.
According to Stats Canada, 527,987 units of adult-use extract products were purchased by Canadians in January 2020.
WeedMD closed at C$0.32 per share.