SMITHS FALLS, ON, May 8, 2015 /CNW/ - Tweed Marijuana Inc. ("Tweed Marijuana" or "the Company"), Canada's first publicly traded producer of medical cannabis is pleased to announce key leadership appointments within the Company, as well as its wholly-owned subsidiaries Tweed Inc. (Tweed) and Tweed Farms Inc. (Tweed Farms).
Mr. Tim Saunders will assume the position of Chief Financial Officer (CFO) of Tweed Marijuana. He has demonstrated financial and organizational leadership in the waste management, mobile technology and hi-tech sectors in Canada and Europe. Mr. Saunders was most recently the President of Black Canvas Consulting and a Strategic Advisor to the President's Office at Export Development Canada. He also gained valuable international executive experience at Vodafone in the United Kingdom and the Czech Republic. Tim is well positioned to lead Tweed during this crucial phase as the Company seeks to consolidate the sector and accelerate growth at home and abroad.
Outgoing CFO, Mr. Don Gibbs, is rejoining his consulting company. The Board of Directors thanks Don for his financial stewardship and wish him well in his future endeavors.
Mr. Mark Zekulin will assume the new role of President of Tweed. In this role, Mark will continue his oversight of Tweed's medical and patient outreach strategy, market positioning and regulatory and legal compliance, while adding operational oversight at Tweed's Smiths Falls facility. Mr. Angus Footman will continue to lead Tweed Farms as President of the Niagara-on-the-Lake operations through the next phase of expansion and contribute towards the Company's overall strategic vision and execution.
These changes reflect the leadership and vision Mr. Bruce Linton, Chairman and CEO, has for the organization as it begins its second year of full-scale operations and public trading.
"In the last year this sector emerged and accomplished a number of milestones that have improved the quality of lives of thousands of Canadians," said Bruce Linton. "I appreciate Don's contributions to these efforts and wish him well."
"Our leadership team will remain focused on growth and profitability as we continue to enhance the understanding of medical cannabis in Canada."
Here's to Future Growth.
About Tweed Marijuana
Tweed Marijuana 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.
The Company 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.
The Company 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.
Notice regarding Forward Looking Statements
This news release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Tweed Marijuana Inc. or Tweed Inc. to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Examples of such statements include: (A) predictions of future demand; (B) plans to increase capital expenditure and construction related expenses; (C) anticipated production yields; (D) completion of construction and availability of new production rooms; and (E) forecasted available product selection. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Such forward-looking statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to: the ability to obtain any necessary financing; the economy generally; the yield from Tweed's marijuana growing operations; consumer interest in products; competition; regulation and anticipated and unanticipated costs and delays. Although Tweed Marijuana Inc. has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The factors identified above are not intended to represent a complete list of the factors that could affect Tweed Marijuana Inc. or Tweed Inc. Additional factors are noted under "Part IV - Description of Risk Factors Associated with the Acquisition" in the Filing Statement of Tweed Marijuana Inc. dated as of June 30, 2014 and available at www.SEDAR.com. The forward-looking statements included in this news release are made as of the date of this news release and Tweed Marijuana Inc. does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. All appointments are subject to approval by the TSX Venture Exchange.
SOURCE Tweed Marijuana Inc.
For further information: Jordan Sinclair, Communications Manager, Tweed, [email protected], 613-706-2185 ex 309