OTTAWA, June 30, 2014 /CNW/ - Tweed Marijuana Inc. (TSXV: TWD) today announced, pursuant to the requirements of the TSX Venture Exchange, that it has granted options to purchase 493,072 common shares to directors and officers of the company. The stock options were granted pursuant to the terms of Tweed Marijuana Inc.'s stock option plan and are exercisable at $2.96 per share, being the closing value of the company's common shares on the TSX Venture Exchange on June 27, 2014. These grants are remuneration for such directors and officer for their services to the company. Stock option grants are subject to necessary regulatory approvals.
About Tweed Marijuana Inc.
Tweed Marijuana 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.
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: Chuck Rifici, CEO, Tweed Marijuana Inc., 855-55-TWEED