TSX Venture

[howestreetbull]

TWD.v Canada's First publicly traded Licensed Med. Marijuana co will go public tomorrow...hsb

Larry Poirier's NEX shell, LW Capital Pool Company Inc. (LWI), has finally completed its QT by acquiring Chuck Rifici's Tweed Inc. The shell has rolled back 1:5 and tomorrow will resume trading as Tweed Marijuana Inc. under the symbol TWD. The public will finally be able to buy shares in Canada's first publicly traded pot company, which will be seen as the leader of the medical marijuana companies in Canada. Tweed started signing up patients, as it calls them, last February, but has yet to start shipping its pot. According to Bruce Linton, Tweed's chairman, the company's first crop should be ready for harvest and sale before the end of the month. Tweed has a licence to produce up to 15 tonnes of pot each year. Should it be able to find enough customers -- the company has already said demand is high -- Tweed will be a very profitable company. It will sell its pot for $5 to $12 a gram, which means potential revenue of between $75-million and $180-million, and estimates total annual expenses to be about $3.2-million. It is hard to believe, but that is a lot of green