SMITHS FALLS, ON, Jan. 28, 2014 /CNW/ - Tweed Inc. ("Tweed") today
announced that it has received a license from Health Canada to produce
and supply medical marijuana under the new Marihuana for Medical
Purposes Regulations (MMPR).
"We are ecstatic to have a production license in-hand," said Chuck
Rifici, Tweed's President and CEO. "Tweed is now one monumental step
closer to providing Canadians in need with premium, affordable
Tweed plans to begin registering customers on February 6, and will also
give customers a first view of some of the strains planned for its
store at that time. "Carrying a wide variety of strains, ensuring we
have medicine available when patients need it, and providing
unparalleled support to customers is what will guide our company," said
Master Grower Ryan Douglas.
Tweed made headlines in late September when it occupied the former
Hershey chocolate factory and announced its intention to use over
168,000 square feet to grow medical marijuana. The granting of a
license follows recent news that Tweed has taken the first steps to
becoming a publicly traded company on the TSX Venture exchange. "If
approved, this will allow Tweed to run a transparent, open company,
while providing an opportunity for the public to invest in a unique
market in its early stages," said Rifici.
About Tweed Inc.
Tweed is a Canadian company licensed by Health Canada to supply a wide
selection of premium medical marijuana to treat symptoms such as
chronic pain, seizures, muscle spasms, nausea and loss of appetite.
The company intends to have product available for sale in April 2014.
Forward Looking Statements
This press release contains forward-looking statements relating to,
amongst other things, the anticipated timing for registration of
customers, effectiveness of Tweed's products and the timing of product
availability. These statements are based on management's expectations
based on what it believes to be reasonable assumptions. Such
statements are not guarantees of future performance and involve a
number of risks, uncertainties and assumptions. Many factors, some of
which are outside of Tweed's control, could cause events and results to
differ materially from those stated. Availability of registration and product availability
could be delayed for a number of reasons, some of which are outside of
Tweed's control. The effectiveness of Tweed's products can be affected
by a number of factors outside of Tweed's control. Tweed disclaims any
obligation to publicly update or revise any such statements except as
required by law.
Image with caption: "Tweed Obtains License to Supply Medical Marijuana to Canadians (CNW Group/Tweed Inc)". Image available at: http://photos.newswire.ca/images/download/20140128_C5837_PHOTO_EN_36005.jpg
SOURCE: Tweed Inc
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