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WDDMF - WeedMD: The Outperformer Among Small-Cap LPs
WeedMD
Welcome to our Cannabis Earnings series where we break down the latest earnings to help you focus on the most important topics.
Introduction
WeedMD (WDDMF) has outperformed most of the small-cap Canadian LPs in 2019 so far with its stock up 22%. We think its non-dilutive bank debt financing was the key to its success, and its current strategy of focusing on outdoor grow and in-house extraction capability could potentially serve as its differentiating factor down the road. We remain neutral on the stock due to its lack of revenue and profitability at this point,