Regulatory Risks
The activities of the Company are subject to regulation by governmental authorities, particularly
Health Canada. Achievement of the Company’s business objectives are contingent, in part,
upon compliance with regulatory requirements enacted by these governmental authorities and
obtaining all regulatory approvals, where necessary, for the sale of its products. The Company
cannot predict the time required to secure all appropriate regulatory approvals for its products,
or the extent of testing and documentation that may be required by governmental
authorities. Any delays in obtaining, or failure to obtain regulatory approvals would significantly
delay the development of markets and products and could have a material adverse effect on the
business, results of operations and financial condition of the Company.
Change in Laws, Regulations and Guidelines
The Company’s operations are subject to various laws, regulations and guidelines relating to the
manufacture, management, transportation, storage and disposal of medical marijuana but also
including laws and regulations relating to health and safety, the conduct of operations and the
protection of the environment.
Health Canada inspectors routinely assess Tweed and Tweed Farms facilities against MMPR
regulations and provide the company with follow up reports noting observed deficiencies. The
companies are continuously reviewing and enhancing their operational procedures and facilities
both proactively and in response to routine inspections.
The Company and its subsidiaries endeavor to comply with all relevant laws, regulations and
guidelines. To the best of the Company’s knowledge, Tweed is in compliance of all such laws,
regulations and guidelines.
End Quote
I tried to find the document where Tweed mentions Health Canada requirements that EVERY PLANT IS TAGGED AND INVENTORIED FROM SEED TO DELIVERY. Every gram of bud or shake is accounted for, passing and/or exceeding regulation requirement. 87,138 grams in Q3 alone, and 75,000 grams from January 1 to February 17,2015 all accounted for. This is no MoM and PoPs operation. Tweed is in compliance with very tough regimental standards. At the very least, the company deserves a Hoorah for hitting the ground running and taking Medical Marijuana to a "higher level." Pun intended.
