WeedMD secures $30 million through credit facility due 2022 via LiUNA

By Devika Patel

Knoxville, Tenn., Sept. 30 – WeedMD Inc. arranged a $30 million credit facility due August 2022 with an affiliate of the LiUNA Pension Fund of Central and Eastern Canada, according to a press release.

Proceeds will be used for general working capital purposes, capital expenditures and general corporate requirements.

WeedMD Inc. is the Toronto-based publicly traded parent company of WeedMD Rx Inc., a federally licensed producer and distributor of medical cannabis.

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