Tweed Marijuana, Inc. (TWD/TWMJF)
Tweed Marijuana, Inc is one of Canada’s leading providers of medical cannabis. The company is considered the first among the 13 licensed marijuana producers in the country to be publicly traded. Tweed operates through its wholly owned subsidiaries, namely Tweed, Inc and Prime1 Construction Services Corp/Park Lane Farms.
The subsidiary Tweed, Inc operates the company’s foremost cultivation facility, which is located in Smiths Falls, Ontario. Formerly a Hershey chocolate factory, the facility covers some 470,000 square feet, of which 168,000 is for growing the marijuana plant. With this facility, Tweed produces 25 strains of medicinal cannabis, which are made to treat conditions such as chronic pain, muscle spasms, nausea, and loss of appetite.
On the other hand, Prime1 Construction Services Corp is the Tweed subsidiary that operates as Park Lane Farms or Tweed Farms. It operates a 350,000-square-foot facility in Niagara-on-the-Lake, Ontario. It has been noted in the industry that Prime1 Construction was a potential rival of Tweed before the latter acquired it in June 2014.
In addition to its current facilities, Tweed Marijuana may be opening more medical cannabis sites where marijuana regulations are loosening, according to Interim CEO Bruce Linton. Some of the possible places are Romania and Czech Republic.
Tweed Marijuana was founded in 2009 and incorporated in 2010. It then obtained in January 2014 its Canadian license as marijuana producer. The following April, the company launched its IPO, and in May, it delivered its first shipment of medical cannabis to registered customers.
Currently, Tweed is listed as TWD in the TSX Venture Exchange and as TWMJF in the US OTC markets. It has a market cap of CAD 76.69 M.
Tweed Marijuana is led by Interim CEO Linton, who is also the company’s Co-founder and Chairman. Other executives in the company are Executive VP and General Counsel Mark Zekulin, CFO Donald G. Gibbs, and Director of Operations Brian Greenleaf.
Tweed Marijuana, Inc.
1 Hershey Drive
Smiths Falls, Ontario