Aug 28 (Reuters) - WeedMD Inc WMD.V :
* WEEDMD REPORTS SECOND QUARTER 2019 FINANCIAL RESULTS
* WEEDMD INC - QTRLY NET REVENUES INCREASE TO $8 MILLION REPRESENTING A QUARTER-OVER-QUARTER INCREASE OF 139%, WITH A GROSS MARGIN OF 46%
* WEEDMD INC - WEEDMD HOLDS $29.5 MILLION IN INVENTORY AND BIOLOGICAL ASSETS AS OF JUNE 30, 2019, AN INCREASE OF $15.6 MILLION OR 113% FROM PRIOR QUARTER.
* WEEDMD INC - SOLD 1,979 KGS OF DRIED CANNABIS IN Q2, REPRESENTING AN INCREASE OF 150% FROM PREVIOUS QUARTER
* WEEDMD INC - QTRLY GROSS PROFIT BEFORE CHANGES IN FAIR VALUE WAS $3.7 MILLION, REPRESENTING A 46% GROSS MARGIN COMPARED TO 15% IN PRIOR QUARTER.