CNW Group
Tweed Marijuana Inc.
SMITHS FALLS, ON , Aug. 31, 2015 /CNW/ - Tweed Marijuana Inc. (TWD.V) ("TMI" or "the Company"), parent company of licensed medical marijuana producers Tweed Inc. (Tweed) and Tweed Farms Inc. (Tweed Farms), is pleased to announce it has officially closed an all-stock transaction to fully acquire Bedrocan Cannabis Corp. ("Bedrocan"). The transaction has united the two strongest brands in Canadian cannabis under one roof, and signals the Company's intention to further solidify its position as the leading player in the industry.
"We have established the clear market leader, and are driving the evolution of the cannabis sector in Canada ," said Bruce Linton , Chairman and CEO of TMI. "The acquisition of Bedrocan is the first step, and we intend to continue to take the initiative, growing our portfolio of brands, expanding clinical research on cannabis, adding new products and services, and introducing additional innovations for patients and consumers."
Combined, Tweed and Bedrocan launch into priority of client generation, with more than 5,600 active registered customers. The Company's priority is now to build on the unique strengths of each brand, with their distinct customer segments, to accelerate patient acquisition and the rate of market growth.
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