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Monday, June 12, 2017

#Cannabis Stock News: CanniMed Therapeutics Inc. (TSX: CMED) Reports Financial Results for Q2 2017

#Cannabis Stock News: CanniMed Therapeutics Inc. (TSX: CMED) Reports Financial Results for Q2 2017


SASKATOON, Saskatchewan - June 12, 2017 (Investorideas.com Newswire) CanniMed Therapeutics Inc. (TSX: CMED) ("CanniMed" or the "Company") today released its financial results for the three and six months ended April 30, 2017.
CanniMed's strong sales momentum continued in the second quarter. Demand for oils has accounted for progressively more of the Company's production, and CanniMed's recently announced oils processing facility is designed to accommodate foreseen growth of this key product group. Recent export sales for pharmacy distribution, together with the Company's arrangements with PharmaChoice and discussions with other Canadian pharmacy chains provide clear indications of future market channels for medical cannabis, and CanniMed is focussed on this expected evolution.


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