WeedMD CEO says company focused on profitability after Starseed acquisition
Starseed provides medical cannabis as a fully covered drug benefit for union members and their respective dependents. The acquisition gives WeedMD a built-in partnership with Canada’s largest construction union, the Laborers’ International Union of North America, which boasts over 100,000 members. “WeedMD is widely lauded for its focus on high-quality cultivation, processing and product development, which remains intact today,” Tsebelis said in a letter to shareholders. “Our infrastructure and operations are some of the most impressive operations I have seen.” WeedMD’s business model historically centered on wholesale product distribution, which generally carries a lower margin, according to...
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