Tweed Marijuana, Inc. (TWD)

logoTweed Marijuana, Inc is one of Canada’s leading providers of medical marijuana. With its wholly owned subsidiary outfits Tweed, Inc and Prime1 Construction Services Corp (Park Lane Farms), the company is the first to be publicly traded among the 13 licensed marijuana producers in the country.

Through Tweed, Inc, Tweed Marijuana has its primary facility in Smiths Falls, Ontario. This facility, which was formerly a Hershey chocolate factory, covers 470,000 square feet, of which 168,000 square feet is growing space. Tweed has started producing 25 strains of medicinal marijuana with different effects and potency. Among the conditions the strains can treat are chronic pain, nausea, loss of appetite, and muscle spasms.

Prime1 Construction Services Corp, meanwhile, is the Tweed Marijuana subsidiary that operates as Park Lane Farms, also called Tweed Farms. It has a 350,000-square foot greenhouse facility in Niagara-on-the-Lake, Ontario. Prime1 Construction was regarded as Tweed Marijuana’s potential rival before the latter acquired it in June 2014.

More recently, Tweed Marijuana CEO Bruce Linton has stated that the company is considering opening medical cannabis facilities where marijuana regulations are loosening. Such include Czech Republic and Romania.

Tweed Marijuana was founded in 2009 and incorporated in 2010. It obtained its medical marijuana producer license in January 2014, and in April, it was introduced as an IPO. The following May, it delivered its first shipment of medical marijuana to its registered customers.

The company is now listed in the TSX Venture Exchange as TWD and in the US OTC markets as TWMJF. It has a market cap of CAD 76.69 M. Its key executives include Bruce Linton, Co-founder, Chairman, and Interim CEO; Donald G. Gibbs, CFO; Mark Zekulin, Executive VP and General Counsel; and Brian Greenleaf, Director of Operations.


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