WeedMD Revenue Declines, Gets $30M Loan From LiUNA Pension Fund

WeedMD Inc. (TSX-V: WMD) (OTCQX: WDDMFreported Wednesday its second-quarter revenue amounted to $5.9 million. That’s down by 26% year-over-year.

For the six-month period, ending June 30, revenue amounted to $18 million, compared to $11.3 million in the same period of fiscal 2019.

The quarterly revenue can be attributed to direct-to-consumer sales within the medical market and retail channels in the provinces.

In addition, the Toronto-based company also reported finalizing a $30 million credit facility with LiUNA Pension Fund of Eastern and Central Canada, a strategic investor.

Over …

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