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samsamsamiam

02/24/14 1:18 PM

#60860 RE: bfsingle #60856

TWEED


"It's difficult. It's a new business but we cannot advertise. It is a narcotic," he said. "The road ahead is really making sure that we have a quality medicine, quality product and variety that we think patients will be happy with."

Medical marijuana will be priced between $7 to $12 a gram depending on the strain, which Rifici believes is similar to the street value of marijuana. The plant is expected to generate "well over" $100 million in revenue annually once it is operating at full capacity, Rifici said.

Now that it has a licence, Tweed is seeking a listing on the TSX Venture Exchange.


http://www.cbc.ca/news/canada/ottawa/smiths-falls-celebrates-tweed-s-medical-marijuana-license-1.2515893


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http://www.ottawacitizen.com/business/Medical+marijuana+licence+granted+Tweed+Smiths+Falls/9441097/story.html

Tweed, which employs about 20, is laying the groundwork for what it hopes will be a $100 million-a-year operation. The company is acquiring a stock listing on the TSX Venture exchange. Tweed signed a letter of intent Jan. 2 to acquire the listing of LW Capital Pool Inc. through what is known as a reverse takeover. LW will issue so many shares to buy Tweed, that Tweed will wind up owning 95 per cent of the new entity.



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http://www.sedar.com/DisplayProfile.do?lang=EN&issuerType=03&issuerNo=00029461
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cayman_west

02/24/14 1:43 PM

#60865 RE: bfsingle #60856

All 1700 square feet of growing space?