WeedMD and Phivida To Enter Into Joint Venture for Cannabis-Infused Beverages

WeedMD and Phivida To Enter Into Joint Venture for Cannabis-Infused Beverages

CanBev Inc. positioned to become the premiere cannabis-infused bottling plant in Canada.

Toronto, Canada and Vancouver, Canada, March 8th, 2018  WeedMD Inc. (TSX-V:WMD) (OTC:WDDMF) (FSE:4WE) (“WeedMD”), a federally licensed producer and distributor of medical cannabis and Phivida Holdings Inc. (CSE:VIDAOTC:PHVAF) (“Phivida”), a premium brand of cannabidiol (“CBD”) infused functional beverages and clinical health products, are pleased to announce the signing of a letter of intent (“LOI”) to form a joint venture focused on cannabis-infused beverages. The new joint venture company, Cannabis Beverages Inc. (“CanBev”), plans to develop a production facility at WeedMD’s state-of-the-art greenhouse in Strathroy, Ontario. …

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