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.
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