Tweed Marijuana, Inc is a leading medical marijuana provider in Canada. Among the country’s 13 licensed cannabis producers, Tweed is the first to be publicly traded. It has two wholly owned subsidiary companies Tweed, Inc and Prime1 Construction Services Corp, also known as Park Lane Farms.
Tweed was founded in 2009 and then incorporated the following year. In January 2014, it obtained its marijuana producer license under Canada’s new regulations. In April of the same year, it launched its IPO, and the following month, it made its first medical marijuana delivery to its registered customers.
Currently, Tweed Marijuana, Inc is listed in both the TSX Venture Exchange (under the symbol TWD) and the US OTC markets (under the symbol TWMJF). Its market cap is at CAD 76.69 M.
Through the Tweed, Inc subsidiary, the company operates its primary facility located in Smiths Falls, Ontario. Covering 470,000 square feet, this facility was formerly known as a Hershey chocolate factory but is now used for marijuana cultivation, using 168,000 square feet for growing. With this, Tweed is producing 25 different strains of medicinal cannabis, designed to treat various conditions like chronic pain, loss of appetite, nausea, and muscle spasms.
Meanwhile, the subsidiary Prime1 Construction Services Corp, operating as Park Lane Farms or Tweed Farms, is responsible for Tweed’s facility in Niagara-on-the-Lake, Ontario. This greenhouse facility covers 350,000 square feet. Before Tweed Marijuana acquired Prime1 Construction in June 2014, the two were regarded as potential industry rivals.
Tweed Marijuana’s Interim CEO Bruce Linton has also stated the possibility of the company opening more medical cannabis facilities in other places where marijuana regulations are easing up. These may include Romania and Czech Republic.
Linton is also Tweed Marijuana’s Co-founder and Chairman. Aside from him, top company executives are CFO Donald G. Gibbs, Executive VP and General Counsel Mark Zekulin, and Director of Operations Brian Greenleaf.
Yahoo! Finance: TWMJF News
Latest Financial News for TWMJF
[Editor's note: "4 Best Marijuana ETFs for Conservative Portfolios" was previously published in May 2019. It has since been updated to include the most relevant information available.]Investors are clamoring for ways to get in on a popular, but risky, marijuana-investing craze. Despite the reality that cannabis is illegal under federal law, many states have legalized the substance and plenty of marijuana ETFs have cropped up as a result.For recreational use, Oregon, Massachusetts, California and a few more states allow marijuana use. Yet, the majority of U.S. states have medical marijuana legislation in the pipeline. Presently, with the legal disconnect between federal and state law regarding marijuana use, investing directly in U.S. marijuana ETFs and stocks is risky and replete with scams and fraud.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dependable Dividend Stocks to Buy If you're determined to get in on the marijuana investing scene, there are several "conservative-ish" marijuana ETFs for partaking in the speculative pot party: Alternative Harvest ETF (MJ)Hot off the New York Stock Exchange, the Alternative Harvest ETF (NYSEARCA:MJ) began trading on Dec. 26, 2017.Source: Shutterstock Derived from an international real estate investment trust (REIT) fund, the marijuana ETF tracks cannabis cultivators, producers and distributors, along with cannabinoid drug makers, fertilizer producers and tobacco companies.As the first of what is sure to be many U.S. marijuana ETFs, the Alternative Harvest enjoys a first-mover advantage. American Growth Fund (AMREX)It's risky to call American Growth Funds Series Two Class E (MUTF:AMREX) a conservative marijuana pick., as the fund has racked up significant losses in the pastSource: Shutterstock Yet, if you're a contrarian seeking a fund with access to the cannabis industry through marijuana ETFs you might consider AMREX.AMREX's top holdings include some well-known names and other niche pot players including GW Pharmaceuticals PLC-ADR (NASDAQ:GWPH), Scotts Miracle-Gro Co (NYSE:SMG), Abbott Laboratories (NYSE:ABT), Cara Therapeutics Inc (NASDAQ:CARA), Cannabis Sativa Inc (OTCMKTS:CBDS) and more. * 7 Dependable Dividend Stocks to Buy The fund is small and hasn't gained serious investor traction, but it might be a good diversifier against the movements of the S&P 500. Cronos Group Inc. (CRON)Go north for another fund tapping into marijuana ETFs. Cronos Group (NASDAQ:CRON), formerly known as PharmaCan Capital Corp, and formerly trading on the OTC market under "PRMCF," is an investment firm focused on investing in the medical marijuana industry.Source: Shutterstock Cronos' investments abide by Canada's Access to Cannabis for Medical Purposes Regulations (ACMPR). Founded in 2013 in Toronto, the fund targets Canadian firms and makes minority investments in cannabis-related firms. Create Your Own Pot Mutual FundDiversification is key when investing in a speculative sphere like marijuana ETFs. You might want to dip your toes in the above marijuana ETFs and add in some popular cannabis-related stocks to round out your pot portfolio.Source: Shutterstock M1 Finance and Motif both allow you to create your own mutual fund, for extremely low fees. You can choose the investments, purchase your preferred amount and voila, you have your own marijuana ETF, comprised of both funds and individual stocks!In addition to the funds profiled above, consider adding several pure marijuana industry stocks and pot-related holdings. Top marijuana stocks include Canopy Growth, Aphria Inc (NYSE:APHA) and GW Pharmaceuticals. Peripherally related pot stocks include Scotts Miracle-Gro or Constellation Brands, Inc. (NYSE:STZ). * 7 Dependable Dividend Stocks to Buy Investing in marijuana is risky. With the disconnect between state and federal marijuana laws, putting your money in this sector sets you up for a roller coaster ride. Tread cautiously into the pot investing fields.Barbara A. Friedberg, MBA, MS is a veteran portfolio manager, expert investor, and former university finance instructor. She is editor/author of Personal Finance; An Encyclopedia of Modern Money Management and two additional money books. She is CEO of Robo-Advisor Pros.com, a robo-advisor review and information website. Additionally, Friedberg is publisher of the well-regarded investment website Barbara Friedberg Personal Finance.com. Follow her on twitter @barbfriedberg and @roboadvisorpros. As of this writing, she does not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post 4 Best Marijuana ETFs for Conservative Portfolios appeared first on InvestorPlace.
Tilray gets slammed. Are pot stocks about to fizzle out? With CNBC's Melissa Lee and the Fast Money traders, Pete Najarian, Tim Seymour, Steve Grasso and Guy Adami.
Jim Cramer gets a fresh perspective on health-care innovation with Apple, Dexcom, Canopy Growth and more.
Jim Cramer hears from Constellation Brands' outgoing and incoming CEOs after the alcohol distributor disappointed Wall Street with its 2019 forecast.
Will pot get a political boost from Congress? With CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, Brian Kelly, Steve Grasso and Guy Adami.