Tweed Marijuana, Inc. (TWD, TWMJF)

logo1Tweed Marijuana, Inc is one of the leading companies providing medical cannabis in Canada. It is the first to be publicly traded among the country’s 13 licensed marijuana producers. The company has wholly owned subsidiaries for its operations: Tweed, Inc and Park Lane Farms/Prime1 Construction Services Corp.

Tweed, Inc is the subsidiary of Tweed Marijuana that operates the primary cultivation facility. This 470,000-square foot facility is a former Hershey chocolate factory in Smiths Falls, Ontario. Currently, 168,000 square feet of this area is allotted for growing marijuana. There are 25 medicinal cannabis strains produced from this facility, and with these strains, Tweed targets health problems like nausea, loss of appetite, chronic pain, and muscle spasms.

The other Tweed Marijuana subsidiary is Prime1 Construction Services Corp, which is now known as Tweed Farms or Park Lane Farms. It handles the company’s 350,000-square foot facility located in Niagara-on-the-Lake, Ontario. Notably, prior to its acquisition in June 2014, Prime1 Construction was considered Tweed’s potential rival.

Tweed Marijuana’s Interim CEO Bruce Linton has revealed that the company may be opening additional medical cannabis sites where regulations allow it. Among the possible locations are in Czech Republic and Romania.

Tweed Marijuana was established in 2009 and then incorporated the following year. In January 2014, it became a licensed marijuana producer under Canadian regulations. It launched its IPO in April of the same year, and in May, it made its first medical cannabis shipment to its registered customers.

The company is now listed in the TSX Venture Exchange with the symbol TWD, and in the US OTC markets with the symbol TWMJF. Its market cap as of October 2014 is CAD 76.69 M.

Interim CEO Linton is also Tweed’s Co-founder and Chairman. Other company executives are Mark Zekulin as Executive VP and General Counsel, Donald G. Gibbs as CFO, and Brian Greenleaf as Director of Operations.


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