WeedMD Subsidiary Starseed Medicinal Signs Innovative Benefits Provider myHSA to Medical Cannabis Program
The Dank Investor Posted On February 10, 2020 
WeedMD Inc. (TSX-V:WMD) (OTCQX:WDDMF) (FSE:4WE) is a federally-licensed producer and distributor of medical-grade cannabis. The company announced that its subsidiary Starseed Medicinal Inc. is now the preferred supplier of medical cannabis to over 51,000 eligible myHSA participants across Canada. Selling its platform through a network of over 2,600 advisors, working with over 8,500 employers, myHSA is widely recognized for its unique digital wellness and reimbursement platform that provides a flexible, interactive benefits menu.
WeedMD Inc. is the publicly-traded parent company of WeedMD Rx Inc., The company is a federally-licensed producer of cannabis products for both the medical and adult-use markets. The Company owns and operates a 158-acre state-of-the-art greenhouse, outdoor and processing facility located in Strathroy, Ontario. WeedMD also operates CX Industries Inc., a wholly-owned subsidiary of WeedMD Inc., from the Company’s fully-licensed 26,000 sq. ft. Aylmer, Ontario production facility which specializes in cannabis extraction and processing. With the recent acquisition of Starseed Medicinal Inc., a medical-centric licensed holder with operations in Bowmanville, Ontario, WeedMD has expanded its multi-channeled distribution strategy. Starseed’s industry-first, exclusive partnership with LiUNA, the largest construction union in Canada, along with other employers and union groups complements WeedMD’s direct sales to medical patients. The Company maintains strategic relationships across the seniors’ market and supply agreements with Shoppers Drug Mart as well as six provincial distribution agencies where its adult-use brands Color Cannabis and Saturday are sold.
“More companies are recognizing that wellness programs are an effective way to engage employees in healthier living and we’re pleased to partner with innovative benefits provider myHSA as it looks to expand access to quality cannabis products to its 51,000 members,” said Angelo Tsebelis, CEO of WeedMD. “With the onset of flexible digital solutions, myHSA’s eligible participants get direct access to our patient portals and full-service medical cannabis program as well as easy digital access to claim reimbursement and adjudication.”
“At myHSA, we strongly believe that employees need to be in control of their wellness journey and with the advent of alternative therapies, we wanted to partner with a trusted source of medical cannabis products to ensure our participants have access to top quality products from Starseed and WeedMD,” said Tim Kane, CEO of myHSA. “We’ve created a platform that empowers participants to choose how they would like to spend their wellness dollars as a way to motivate and inspire a more holistic approach to benefits coverage.”
Launched in 2013, myHSA has grown and is the main spending account provider to over 51,000 employees across Canada. The myHSA system is a software that is used by advisors to implement different forms of health spending accounts, insurance products, and other unique employee benefits. More about myHSA here.
