WDDMF - WeedMD Stock on the Rise After a Strong Second Quarter

WeedMD Inc (TSXV:WMD) (OTCQX:WDDMF) reported positive second-quarter results yesterday, boosting WeedMD stock during Thursday trading.

For the quarter ended June 30, the company posted record revenue of $8 million CAD, which is a significant increase of 139% from the previous quarter and up 282% for the same period last year. The gains can be attributed to 10 newly-licensed 10,000 sq ft cultivation rooms alongside a 27-acre outdoor cultivation yield. WeedMD stock is up 2% off the back of the earnings report.

Chief Financial Officer Nichola Thompson said of the results, “WeedMD continues to make ...