SMITHS FALLS, ON, April 2, 2015 /CNW/ - Tweed Marijuana Inc. ("Tweed" or "the Corporation") (TSXV: TWD) has granted an aggregate of 250,000 options to purchase common stock to an officer and a director of the Corporation to be vested in accordance to the terms of the Corporation's Option Plan.
All of the foregoing options shall have an exercise price equal to $2.11 per share, the closing price per share on the TSX Venture Exchange the day prior to the options being approved by the Corporation's Board of Directors.
Tweed is Canada's first publicly traded medical marijuana company and the first geographically diversified producer with dual licenses under the Marihuana for Medical Purposes Regulations.
Through its wholly owned subsidiaries, Tweed Inc. and Tweed Farms Inc., Tweed operates two state-of-the-art production facilities in Ontario and distributes marijuana across the country to Canadian patients managing a host of medical conditions.
Tweed is dedicated to educating healthcare practitioners, providing consistent access to high quality medication, and furthering the public's understanding of how marijuana is used for medical purposes.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
SOURCE Tweed Marijuana Inc.
For further information: Jordan Sinclair, Communications Manager, [email protected], 613-706-2185 ex 309