Tweed renews medical marijuana licence
Nov. 19, 2014, Smiths Falls, Ont. — Tweed Inc., a wholly owned subsidiary of Tweed Marijuana Inc., has successfully renewed its licence to cultivate and sell marijuana under the Marihuana for Medical Purposes Regulations (MMPR).
“This is an important next step for our company as we grow into a mature, stable leader in the sector,” said chairman and co-founder Bruce Linton.
“We are proud to tell our customers, our investors and our employees that Tweed and Tweed Farms have met and will continue to meet the rigorous standards in place to ensure they provide only the highest quality medicine possible.”
The renewed licence allows Tweed to produce up to 3,500 kg of marijuana over the next year, reflecting Tweed’s present built-out production capacity.
“We have invested in building out production capacity and have more construction to complete in the near term. What Tweed has set out to create speaks to the demand we anticipate in the market both at home and abroad.
“This renewal will allow us to continue a steady scale up, leveraging and expanding our state-of-the-art facility in Smiths Falls.”
While Tweed continues to build further growing rooms in Smiths Falls, Tweed Farms, one of the largest marijuana greenhouses in the world, has been approved to begin another growing cycle this December in a footprint representing approximately 10 per cent of the entire facility.
The first crop from the Niagara-on-the-Lake facility will be available for sale through Tweed this December.
Tweed is the third company to announce its license renewal under the MMPR, following the Peace Naturals Project, and Mettrum, which recently announced a license renewal for 650 kg of annual production.