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Tweed Has Shipped its First Orders of Medical Marijuana
OTTAWA, May 5, 2014 /CNW/ - Tweed Marijuana Inc. (TSXV: TWD) is pleased to announce that its wholly owned subsidiary Tweed Inc. ("Tweed") has shipped its first orders of medical marijuana to customers. The product, which has been produced in Tweed's Smiths Falls facility from "seed to sale", has been tested by Tweed to be in conformance with the Health Canada Marihuana for Medical Purposes Regulations (MMPR).
"We are very happy that Tweed's medicine is en route to those who need it," said Tweed CEO and Co-founder Chuck Rifici. "The team at Tweed is committed to making more and more strains available as quickly as possible."
Registered customers may now visit Tweed's online store to purchase their medical marijuana.
About Tweed Marijuana Inc.
Tweed Marijuana Inc. (TSXV: TWD) is a TSX Venture Exchange listed company. Its wholly owned subsidiary, Tweed, is a licensed producer of medical marijuana in Canada. The principal activities of Tweed are the production and sale of marijuana out of its facility in Smiths Falls, Ontario as regulated by the Marihuana for Medical Purposes Regulations. To learn more about Tweed, visit www.tweed.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Tweed Marijuana Inc.
For further information:
Laura Norris
Communications Manager
Tweed Inc | (855) 558 9333
Tweed Has Shipped its First Orders of Medical Marijuana
OTTAWA, May 5, 2014 /CNW/ - Tweed Marijuana Inc. (TSXV: TWD) is pleased to announce that its wholly owned subsidiary Tweed Inc. ("Tweed") has shipped its first orders of medical marijuana to customers. The product, which has been produced in Tweed's Smiths Falls facility from "seed to sale", has been tested by Tweed to be in conformance with the Health Canada Marihuana for Medical Purposes Regulations (MMPR).
"We are very happy that Tweed's medicine is en route to those who need it," said Tweed CEO and Co-founder Chuck Rifici. "The team at Tweed is committed to making more and more strains available as quickly as possible."
Registered customers may now visit Tweed's online store to purchase their medical marijuana.
About Tweed Marijuana Inc.
Tweed Marijuana Inc. (TSXV: TWD) is a TSX Venture Exchange listed company. Its wholly owned subsidiary, Tweed, is a licensed producer of medical marijuana in Canada. The principal activities of Tweed are the production and sale of marijuana out of its facility in Smiths Falls, Ontario as regulated by the Marihuana for Medical Purposes Regulations. To learn more about Tweed, visit www.tweed.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Tweed Marijuana Inc.
For further information:
Laura Norris
Communications Manager
Tweed Inc | (855) 558 9333
Tweed Has Shipped its First Orders of Medical Marijuana
OTTAWA, May 5, 2014 /CNW/ - Tweed Marijuana Inc. (TSXV: TWD) is pleased to announce that its wholly owned subsidiary Tweed Inc. ("Tweed") has shipped its first orders of medical marijuana to customers. The product, which has been produced in Tweed's Smiths Falls facility from "seed to sale", has been tested by Tweed to be in conformance with the Health Canada Marihuana for Medical Purposes Regulations (MMPR).
"We are very happy that Tweed's medicine is en route to those who need it," said Tweed CEO and Co-founder Chuck Rifici. "The team at Tweed is committed to making more and more strains available as quickly as possible."
Registered customers may now visit Tweed's online store to purchase their medical marijuana.
About Tweed Marijuana Inc.
Tweed Marijuana Inc. (TSXV: TWD) is a TSX Venture Exchange listed company. Its wholly owned subsidiary, Tweed, is a licensed producer of medical marijuana in Canada. The principal activities of Tweed are the production and sale of marijuana out of its facility in Smiths Falls, Ontario as regulated by the Marihuana for Medical Purposes Regulations. To learn more about Tweed, visit www.tweed.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Tweed Marijuana Inc.
For further information:
Laura Norris
Communications Manager
Tweed Inc | (855) 558 9333
TWEED TWD starting Shipping Today!! The only MJ stock trading on any market legally licensed medical MJ is now selling and shipping. WOW!!
TWEED TWD starting Shipping Today!! The only MJ stock trading on any market legally licensed medical MJ is now selling and shipping. WOW!!
TWEED TWD starting Shipping Today!! The only MJ stock trading on any market legally licensed medical MJ is now selling and shipping. WOW!!
TWEED TWD starting Shipping Today!! The only MJ stock trading on any market legally licensed medical MJ is now selling and shipping. WOW!!
With all the chatter we continue to move up on breakout board though. TWD might pop this week
Ihub is not playing a big part of this stock but any new investors always welcome to our gem.. I have 19k shares and continue to add... TWD will continue to build values for shareholders here. Nice to have 15 million for their expansion and another 10 million in the bank for a start up. Oh did I say no debt..
There are a lot of longs here they just don't post much. I know of aleast 12 longs here. When I say long ppl that are holding TWD for 1 plus years. TWD forming big expansion project to increase production of 6million grams by EOY..
Approx 12 million of the total 40 millions TWD shares restricted to management.. Approx 28 million shares in the float most of which is locked up now.. When sales get PR you can bet TWD will move up quickly.
SVFC lock sell order GTC 60days so shorty can't use your shares to short this stock!
This wins the dumbest post of the day! You obviously don't understand the health regulated process being used by tweed. Please if you have a hammer near hit yourself over the head 3 times quick.
So is it the Canadian HC now or the quality of pictures taken at the tweed plant that your upset about? Come on please come up with something better??
Great news awesome, TWD has made it so easy for patients by just printing the form and taking it to their doctor to sign. TWD better speed up capacity because here comes the flood of patients. Thanks for the article!!
So now your a mailman? Man this get better each day like a TWD drama.. Give it up..
If you grow your own pot with why do you even care what tweed does.. Tweed is not try to take that right away the government is.. Sounds like you problem is with government laws but you only post on TWD board.. Hmmm
The float est is wrong and outdated by 3 years. CEO confirms a more recent float here "~GRPS .0005 spoke with CEO, float estimate at 675 ,million which is low for a trip 5. Sounds like more updates near term along with getting current etc etc . Going to continue to pick a few here and there ~Rig
"
There is a flip side to your argument, would you want to be in one of those American companies that hast drop 60-80% in the last month or so?? Even worse how about one of those stocks that have been suspended from trading?? Well I rather my money be invested in a company with O/S 35 million, 10 million cash in banks with investment bank deal of 15million for expansion increase grow capacity to 6million grams per year.. By the way all this talk about not enough patients, tweed stop taking new application because the demand is more than supply right now. So yes you will not see TWD pps jump 300% in one day but you might by the end of the year.. Nice to be in a MJ stock that is actually licensed in Canada so speculation of that part is zero!!
And this has what to do with tweed?? To randomly post about the mishaps of another company in bold letter is funny.. Try post about tweed next time.
Cash out that 2500 buck while you can and that will pay about 1/4 of the divorce lawyer tab... Cbgi f-ck you for 14k and lawyer got you for the rest that is how you can chalk this up to a listen learned. Most MJ plays are BS but there is only a few that real have a chance at making it. If by some act of god you get your money back though look north to canada to TWD and companies that are established and have a MJ license already.. Good luck man..
Thanks for you insight on MJ process to get legal bud. TWD is a leader.
Nice to see a first post from you but I think to sell at 3.40 bad move. Did you see the TWD news this am? Financing with over 5 million shares out of the only 23 million shares in the float because 12 million of the O/S is restricted shares. Oh and by the way TWD started sells of MJ today, tell is right shipping starts today.. Good luck on your flip.
Tweed Marijuana Inc. Announces $15 Million Bought Deal Financing
Print
Alert
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN
THE UNITED STATES.
Tweed Marijuana Inc. (TSX VENTURE:TWD) ("Tweed" or the "Company") announced
today that it has entered into an agreement with a syndicate of underwriters led
by GMP Securities L.P. and including Jacob Securities Inc. (collectively, the
"Underwriters"), pursuant to which the Underwriters have agreed to purchase, on
a bought deal basis pursuant to the filing of a short form prospectus, 4,687,500
common shares (the "Common Shares") of the Company, at a price of $3.20 per
Common Share (the "Offering Price") for aggregate gross proceeds to Tweed of
$15,000,000 (the "Offering").
The Company has agreed to grant the Underwriters an over-allotment option to
purchase up to an additional 703,125 Common Shares at the Offering Price,
exercisable in whole or in part, at any time on or prior to the date that is 30
days following the closing of the Offering. If this option is exercised in full,
an additional $2,250,000 will be raised pursuant to the Offering and the
aggregate gross proceeds of the Offering will be $17,250,000.
The Common Shares will be offered by way of a short form prospectus to be filed
in all of the provinces of Canada except Quebec. The Company intends to use the
net proceeds from the Offering for facility expansion and general corporate
purposes. The Offering is expected to close on or about May 14, 2014 and is
subject to certain conditions including, but not limited to, the receipt of all
necessary regulatory and stock exchange approvals, including the approval of the
TSX Venture Exchange and the applicable securities regulatory authorities.
The securities being offered have not been, nor will they be, registered under
the United States Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent registration or an applicable exemption from
the registration requirements of the United States Securities Act of 1933, as
amended, and applicable state securities laws. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in any State in which such offer,
solicitation or sale would be unlawful.
About Tweed Marijuana Inc.
Tweed Marijuana Inc. is a TSX Venture Exchange listed company. Its wholly owned
subsidiary, Tweed Inc., is a licensed producer of medical marijuana in Canada.
The principal activities of Tweed are the production and sale of marijuana out
of its facility in Smiths Falls, Ontario as regulated by the Marihuana for
Medical Purposes Regulations.
Notice regarding Forward Looking Statements
This news release contains forward-looking statements. Often, but not always,
forward-looking statements can be identified by the use of words such as
"plans", "expects" or "does not expect", "is expected", "estimates", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
Tweed Marijuana Inc. or Tweed Inc. to be materially different from any future
results, performance or achievements expressed or implied by the forward-looking
statements. Examples of such statements include statements regarding the
issuance of the Common Shares and the use of proceeds from the Offering. Such
forward-looking statements are based on a number of assumptions which may prove
to be incorrect, including, but not limited to: the ability to obtain any
necessary financing; the economy generally; the yield from Tweed's marijuana
growing operations; consumer interest in products; competition; regulation;
anticipated and unanticipated costs and delays; and the ability to receive any
required approvals or consents in connection with the Offering, the ability of
Tweed to satisfy the conditions of the Offering or otherwise close the Offering.
Although Tweed Marijuana Inc. has attempted to identify important factors that
could cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended.
Readers should not place undue reliance on forward-looking statements. The
factors identified above are not intended to represent a complete list of the
factors that could affect Tweed Marijuana Inc. or Tweed Inc. Additional factors
are noted under "Part IV - Description of Risk Factors Associated with the
Acquisition" in the Filing Statement of Tweed Marijuana Inc. dated as of March
25, 2014 and available at www.SEDAR.com. The forward-looking statements included
in this news release are made as of the date of this news release and Tweed
Marijuana Inc. does not undertake an obligation to publicly update such
forward-looking statements to reflect new information, subsequent events or
otherwise unless required by applicable securities legislation.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tweed Marijuana Inc.
Chuck Rifici
CEO
855-55-TWEED
Tweed Marijuana Inc. Announces $15 Million Bought Deal Financing
Print
Alert
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN
THE UNITED STATES.
Tweed Marijuana Inc. (TSX VENTURE:TWD) ("Tweed" or the "Company") announced
today that it has entered into an agreement with a syndicate of underwriters led
by GMP Securities L.P. and including Jacob Securities Inc. (collectively, the
"Underwriters"), pursuant to which the Underwriters have agreed to purchase, on
a bought deal basis pursuant to the filing of a short form prospectus, 4,687,500
common shares (the "Common Shares") of the Company, at a price of $3.20 per
Common Share (the "Offering Price") for aggregate gross proceeds to Tweed of
$15,000,000 (the "Offering").
The Company has agreed to grant the Underwriters an over-allotment option to
purchase up to an additional 703,125 Common Shares at the Offering Price,
exercisable in whole or in part, at any time on or prior to the date that is 30
days following the closing of the Offering. If this option is exercised in full,
an additional $2,250,000 will be raised pursuant to the Offering and the
aggregate gross proceeds of the Offering will be $17,250,000.
The Common Shares will be offered by way of a short form prospectus to be filed
in all of the provinces of Canada except Quebec. The Company intends to use the
net proceeds from the Offering for facility expansion and general corporate
purposes. The Offering is expected to close on or about May 14, 2014 and is
subject to certain conditions including, but not limited to, the receipt of all
necessary regulatory and stock exchange approvals, including the approval of the
TSX Venture Exchange and the applicable securities regulatory authorities.
The securities being offered have not been, nor will they be, registered under
the United States Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent registration or an applicable exemption from
the registration requirements of the United States Securities Act of 1933, as
amended, and applicable state securities laws. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in any State in which such offer,
solicitation or sale would be unlawful.
About Tweed Marijuana Inc.
Tweed Marijuana Inc. is a TSX Venture Exchange listed company. Its wholly owned
subsidiary, Tweed Inc., is a licensed producer of medical marijuana in Canada.
The principal activities of Tweed are the production and sale of marijuana out
of its facility in Smiths Falls, Ontario as regulated by the Marihuana for
Medical Purposes Regulations.
Notice regarding Forward Looking Statements
This news release contains forward-looking statements. Often, but not always,
forward-looking statements can be identified by the use of words such as
"plans", "expects" or "does not expect", "is expected", "estimates", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
Tweed Marijuana Inc. or Tweed Inc. to be materially different from any future
results, performance or achievements expressed or implied by the forward-looking
statements. Examples of such statements include statements regarding the
issuance of the Common Shares and the use of proceeds from the Offering. Such
forward-looking statements are based on a number of assumptions which may prove
to be incorrect, including, but not limited to: the ability to obtain any
necessary financing; the economy generally; the yield from Tweed's marijuana
growing operations; consumer interest in products; competition; regulation;
anticipated and unanticipated costs and delays; and the ability to receive any
required approvals or consents in connection with the Offering, the ability of
Tweed to satisfy the conditions of the Offering or otherwise close the Offering.
Although Tweed Marijuana Inc. has attempted to identify important factors that
could cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended.
Readers should not place undue reliance on forward-looking statements. The
factors identified above are not intended to represent a complete list of the
factors that could affect Tweed Marijuana Inc. or Tweed Inc. Additional factors
are noted under "Part IV - Description of Risk Factors Associated with the
Acquisition" in the Filing Statement of Tweed Marijuana Inc. dated as of March
25, 2014 and available at www.SEDAR.com. The forward-looking statements included
in this news release are made as of the date of this news release and Tweed
Marijuana Inc. does not undertake an obligation to publicly update such
forward-looking statements to reflect new information, subsequent events or
otherwise unless required by applicable securities legislation.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tweed Marijuana Inc.
Chuck Rifici
CEO
855-55-TWEED
Tweed Marijuana Inc. Announces $15 Million Bought Deal Financing
Print
Alert
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN
THE UNITED STATES.
Tweed Marijuana Inc. (TSX VENTURE:TWD) ("Tweed" or the "Company") announced
today that it has entered into an agreement with a syndicate of underwriters led
by GMP Securities L.P. and including Jacob Securities Inc. (collectively, the
"Underwriters"), pursuant to which the Underwriters have agreed to purchase, on
a bought deal basis pursuant to the filing of a short form prospectus, 4,687,500
common shares (the "Common Shares") of the Company, at a price of $3.20 per
Common Share (the "Offering Price") for aggregate gross proceeds to Tweed of
$15,000,000 (the "Offering").
The Company has agreed to grant the Underwriters an over-allotment option to
purchase up to an additional 703,125 Common Shares at the Offering Price,
exercisable in whole or in part, at any time on or prior to the date that is 30
days following the closing of the Offering. If this option is exercised in full,
an additional $2,250,000 will be raised pursuant to the Offering and the
aggregate gross proceeds of the Offering will be $17,250,000.
The Common Shares will be offered by way of a short form prospectus to be filed
in all of the provinces of Canada except Quebec. The Company intends to use the
net proceeds from the Offering for facility expansion and general corporate
purposes. The Offering is expected to close on or about May 14, 2014 and is
subject to certain conditions including, but not limited to, the receipt of all
necessary regulatory and stock exchange approvals, including the approval of the
TSX Venture Exchange and the applicable securities regulatory authorities.
The securities being offered have not been, nor will they be, registered under
the United States Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent registration or an applicable exemption from
the registration requirements of the United States Securities Act of 1933, as
amended, and applicable state securities laws. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in any State in which such offer,
solicitation or sale would be unlawful.
About Tweed Marijuana Inc.
Tweed Marijuana Inc. is a TSX Venture Exchange listed company. Its wholly owned
subsidiary, Tweed Inc., is a licensed producer of medical marijuana in Canada.
The principal activities of Tweed are the production and sale of marijuana out
of its facility in Smiths Falls, Ontario as regulated by the Marihuana for
Medical Purposes Regulations.
Notice regarding Forward Looking Statements
This news release contains forward-looking statements. Often, but not always,
forward-looking statements can be identified by the use of words such as
"plans", "expects" or "does not expect", "is expected", "estimates", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
Tweed Marijuana Inc. or Tweed Inc. to be materially different from any future
results, performance or achievements expressed or implied by the forward-looking
statements. Examples of such statements include statements regarding the
issuance of the Common Shares and the use of proceeds from the Offering. Such
forward-looking statements are based on a number of assumptions which may prove
to be incorrect, including, but not limited to: the ability to obtain any
necessary financing; the economy generally; the yield from Tweed's marijuana
growing operations; consumer interest in products; competition; regulation;
anticipated and unanticipated costs and delays; and the ability to receive any
required approvals or consents in connection with the Offering, the ability of
Tweed to satisfy the conditions of the Offering or otherwise close the Offering.
Although Tweed Marijuana Inc. has attempted to identify important factors that
could cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended.
Readers should not place undue reliance on forward-looking statements. The
factors identified above are not intended to represent a complete list of the
factors that could affect Tweed Marijuana Inc. or Tweed Inc. Additional factors
are noted under "Part IV - Description of Risk Factors Associated with the
Acquisition" in the Filing Statement of Tweed Marijuana Inc. dated as of March
25, 2014 and available at www.SEDAR.com. The forward-looking statements included
in this news release are made as of the date of this news release and Tweed
Marijuana Inc. does not undertake an obligation to publicly update such
forward-looking statements to reflect new information, subsequent events or
otherwise unless required by applicable securities legislation.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tweed Marijuana Inc.
Chuck Rifici
CEO
855-55-TWEED
Tweed Marijuana Inc. Announces $15 Million Bought Deal Financing
Print
Alert
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN
THE UNITED STATES.
Tweed Marijuana Inc. (TSX VENTURE:TWD) ("Tweed" or the "Company") announced
today that it has entered into an agreement with a syndicate of underwriters led
by GMP Securities L.P. and including Jacob Securities Inc. (collectively, the
"Underwriters"), pursuant to which the Underwriters have agreed to purchase, on
a bought deal basis pursuant to the filing of a short form prospectus, 4,687,500
common shares (the "Common Shares") of the Company, at a price of $3.20 per
Common Share (the "Offering Price") for aggregate gross proceeds to Tweed of
$15,000,000 (the "Offering").
The Company has agreed to grant the Underwriters an over-allotment option to
purchase up to an additional 703,125 Common Shares at the Offering Price,
exercisable in whole or in part, at any time on or prior to the date that is 30
days following the closing of the Offering. If this option is exercised in full,
an additional $2,250,000 will be raised pursuant to the Offering and the
aggregate gross proceeds of the Offering will be $17,250,000.
The Common Shares will be offered by way of a short form prospectus to be filed
in all of the provinces of Canada except Quebec. The Company intends to use the
net proceeds from the Offering for facility expansion and general corporate
purposes. The Offering is expected to close on or about May 14, 2014 and is
subject to certain conditions including, but not limited to, the receipt of all
necessary regulatory and stock exchange approvals, including the approval of the
TSX Venture Exchange and the applicable securities regulatory authorities.
The securities being offered have not been, nor will they be, registered under
the United States Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent registration or an applicable exemption from
the registration requirements of the United States Securities Act of 1933, as
amended, and applicable state securities laws. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in any State in which such offer,
solicitation or sale would be unlawful.
About Tweed Marijuana Inc.
Tweed Marijuana Inc. is a TSX Venture Exchange listed company. Its wholly owned
subsidiary, Tweed Inc., is a licensed producer of medical marijuana in Canada.
The principal activities of Tweed are the production and sale of marijuana out
of its facility in Smiths Falls, Ontario as regulated by the Marihuana for
Medical Purposes Regulations.
Notice regarding Forward Looking Statements
This news release contains forward-looking statements. Often, but not always,
forward-looking statements can be identified by the use of words such as
"plans", "expects" or "does not expect", "is expected", "estimates", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
Tweed Marijuana Inc. or Tweed Inc. to be materially different from any future
results, performance or achievements expressed or implied by the forward-looking
statements. Examples of such statements include statements regarding the
issuance of the Common Shares and the use of proceeds from the Offering. Such
forward-looking statements are based on a number of assumptions which may prove
to be incorrect, including, but not limited to: the ability to obtain any
necessary financing; the economy generally; the yield from Tweed's marijuana
growing operations; consumer interest in products; competition; regulation;
anticipated and unanticipated costs and delays; and the ability to receive any
required approvals or consents in connection with the Offering, the ability of
Tweed to satisfy the conditions of the Offering or otherwise close the Offering.
Although Tweed Marijuana Inc. has attempted to identify important factors that
could cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended.
Readers should not place undue reliance on forward-looking statements. The
factors identified above are not intended to represent a complete list of the
factors that could affect Tweed Marijuana Inc. or Tweed Inc. Additional factors
are noted under "Part IV - Description of Risk Factors Associated with the
Acquisition" in the Filing Statement of Tweed Marijuana Inc. dated as of March
25, 2014 and available at www.SEDAR.com. The forward-looking statements included
in this news release are made as of the date of this news release and Tweed
Marijuana Inc. does not undertake an obligation to publicly update such
forward-looking statements to reflect new information, subsequent events or
otherwise unless required by applicable securities legislation.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tweed Marijuana Inc.
Chuck Rifici
CEO
855-55-TWEED
Tweed Marijuana Inc. Announces $15 Million Bought Deal Financing
Print
Alert
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT
INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN
THE UNITED STATES.
Tweed Marijuana Inc. (TSX VENTURE:TWD) ("Tweed" or the "Company") announced
today that it has entered into an agreement with a syndicate of underwriters led
by GMP Securities L.P. and including Jacob Securities Inc. (collectively, the
"Underwriters"), pursuant to which the Underwriters have agreed to purchase, on
a bought deal basis pursuant to the filing of a short form prospectus, 4,687,500
common shares (the "Common Shares") of the Company, at a price of $3.20 per
Common Share (the "Offering Price") for aggregate gross proceeds to Tweed of
$15,000,000 (the "Offering").
The Company has agreed to grant the Underwriters an over-allotment option to
purchase up to an additional 703,125 Common Shares at the Offering Price,
exercisable in whole or in part, at any time on or prior to the date that is 30
days following the closing of the Offering. If this option is exercised in full,
an additional $2,250,000 will be raised pursuant to the Offering and the
aggregate gross proceeds of the Offering will be $17,250,000.
The Common Shares will be offered by way of a short form prospectus to be filed
in all of the provinces of Canada except Quebec. The Company intends to use the
net proceeds from the Offering for facility expansion and general corporate
purposes. The Offering is expected to close on or about May 14, 2014 and is
subject to certain conditions including, but not limited to, the receipt of all
necessary regulatory and stock exchange approvals, including the approval of the
TSX Venture Exchange and the applicable securities regulatory authorities.
The securities being offered have not been, nor will they be, registered under
the United States Securities Act of 1933, as amended, and may not be offered or
sold in the United States absent registration or an applicable exemption from
the registration requirements of the United States Securities Act of 1933, as
amended, and applicable state securities laws. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of the securities in any State in which such offer,
solicitation or sale would be unlawful.
About Tweed Marijuana Inc.
Tweed Marijuana Inc. is a TSX Venture Exchange listed company. Its wholly owned
subsidiary, Tweed Inc., is a licensed producer of medical marijuana in Canada.
The principal activities of Tweed are the production and sale of marijuana out
of its facility in Smiths Falls, Ontario as regulated by the Marihuana for
Medical Purposes Regulations.
Notice regarding Forward Looking Statements
This news release contains forward-looking statements. Often, but not always,
forward-looking statements can be identified by the use of words such as
"plans", "expects" or "does not expect", "is expected", "estimates", "intends",
"anticipates" or "does not anticipate", or "believes", or variations of such
words and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be achieved.
Forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
Tweed Marijuana Inc. or Tweed Inc. to be materially different from any future
results, performance or achievements expressed or implied by the forward-looking
statements. Examples of such statements include statements regarding the
issuance of the Common Shares and the use of proceeds from the Offering. Such
forward-looking statements are based on a number of assumptions which may prove
to be incorrect, including, but not limited to: the ability to obtain any
necessary financing; the economy generally; the yield from Tweed's marijuana
growing operations; consumer interest in products; competition; regulation;
anticipated and unanticipated costs and delays; and the ability to receive any
required approvals or consents in connection with the Offering, the ability of
Tweed to satisfy the conditions of the Offering or otherwise close the Offering.
Although Tweed Marijuana Inc. has attempted to identify important factors that
could cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that cause
actions, events or results not to be as anticipated, estimated or intended.
Readers should not place undue reliance on forward-looking statements. The
factors identified above are not intended to represent a complete list of the
factors that could affect Tweed Marijuana Inc. or Tweed Inc. Additional factors
are noted under "Part IV - Description of Risk Factors Associated with the
Acquisition" in the Filing Statement of Tweed Marijuana Inc. dated as of March
25, 2014 and available at www.SEDAR.com. The forward-looking statements included
in this news release are made as of the date of this news release and Tweed
Marijuana Inc. does not undertake an obligation to publicly update such
forward-looking statements to reflect new information, subsequent events or
otherwise unless required by applicable securities legislation.
FOR FURTHER INFORMATION PLEASE CONTACT:
Tweed Marijuana Inc.
Chuck Rifici
CEO
855-55-TWEED
Yah thanks green for all the great DD!! Good group here on the TWEED Board!!
With all the MJ stocks take such huge downturns like vape 41 dollar down to 2 buck and suspension of several other like phot, TWEED is looking might sweet right now... Instead of screwing shareholders Tweed will soon have millions in revenue rolling in building big shareholder value!!
The guys post are so off topic and rambling it is ridiculous. I wish he would just post about topics dealing with tweed instead of post about how he thinks Canadian HC is wrong and not having store front pot stores is killing the business of MMJ. It is just weird. But entertaining.
Awesome where are you going with all this? You are raging about Canada's HC system and lawyer and taxes... Please stay on topic and discuss topic about tweed. If you are upset with Canadian HC laws and regulations then find a forum on that topic somewhere else.
TWEED TWD MJ start selling tomorrow! 1.5 million grams of MJ for Canada's first MMPR publicly traded stock will be huge!!
TWEED TWD MJ start selling tomorrow! 1.5 million grams of MJ for Canada's first MMPR publicly traded stock will be huge!!
TWEED TWD MJ start selling tomorrow! 1.5 million grams of MJ for Canada's first MMPR publicly traded stock will be huge!!
TWEED MJ start selling tomorrow! 1.5 million grams of MJ for Canada's first MMPR publicly traded stock will be huge!!
TWEED TWD huge demand for sells to start 4/24/14! http://www.obj.ca/Local/2014-04-22/article-3697342/Higher-than-expected-demand-forces-Tweed-Marijuana-to-stop-taking-customers/1
TWEED TWD huge demand for sells to start 4/24/14! http://www.obj.ca/Local/2014-04-22/article-3697342/Higher-than-expected-demand-forces-Tweed-Marijuana-to-stop-taking-customers/1
TWEED TWD huge demand for sells to start 4/24/14! http://www.obj.ca/Local/2014-04-22/article-3697342/Higher-than-expected-demand-forces-Tweed-Marijuana-to-stop-taking-customers/1
Both you guys have great tweed information. Keep posting biddy