Tweed Marijuana Inc. Announces License Approval of Greenhouse Facility
August 11, 2014 (Source: CNW) — Tweed Marijuana Inc. (TSXV: TWD) (“Tweed” or the “Company”), is pleased to announce that its recently acquired greenhouse facility in Niagara-on-the-Lake (“Tweed Farms”) has obtained its Health Canada license.
The license has enabled Tweed to commence growing activities in approximately 10% of the entire 350,000 square foot facility. Tweed Farms will produce the initial crop while concurrently working to expand its growing area and other permitted activities under the MMPR license as issued on August 8, 2014.
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Tweed Farms utilizes rainwater harvesting from the roof surface of our glass greenhouse, water recirculation and re-use, and CO2 capture strategies to produce medical marijuana in a very sustainable way. The entire facility is expected to have the potential to produce up to 45,000,000 grams per year of marijuana based upon expanding our licensing to the full square footage of the greenhouse.
“I am delighted with the efficiency of the overall organization in bringing Tweed Farms into production thereby enabling Tweed to have industry leading production potential as we ramp to 2015,” stated Bruce Linton, Chairman & Co-Founder. “Tweed is now the first geographically diversified, multi-licensed producer in Canada and will seek to accelerate production from this leadership position.”
There are currently 17 strains in production at Tweed Farms, including Bakerstreet (Hindu Kush), Donegal (Chem Dawg), and High Lands (East Coast Sour Diesel), with an anticipated first harvest in the fourth quarter of 2014.
About Tweed Marijuana Inc.
Tweed Marijuana Inc. is a TSX Venture Exchange listed company. Its wholly owned subsidiaries Tweed Inc. and Prime1 Construction Services Corp. (“Tweed Farms”), are licensed producers of medical marijuana in Canada. The principal activities of Tweed are the production and sale of marijuana out of its facilities in Smiths Falls and Niagara-on-the-Lake, Ontario as regulated by the Marihuana for Medical Purposes Regulations.
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