Tweed Marijuana Inc. closes $15 million bought deal financing

May 14, 2014

OTTAWA, May 14, 2014 /CNW/ – Tweed Marijuana Inc. (“Tweed”) (TSXV: TWD), is pleased to announce that it has closed its previously announced short form prospectus offering, on a bought deal basis, of 4,687,500 common shares for aggregate gross proceeds of $15,000,000 (the “Offering”).  The Offering was completed at a price of $3.20 per common share (the “Offering Price”) by a syndicate of underwriters led by GMP Securities L.P. and including Jacob Securities Inc. (collectively, the “Underwriters”).

LaBarge Weinstein acted as counsel to Tweed with a team that included Shane McLean, Debbie Weinstein, Brigitte LeBlanc-Lapointe, Kyle Lavender, and Tayyaba Khan.

Read the complete press release.

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