Tweed Marijuana Stocks 3rd Most Traded In Canada, Up 183% In Friday Trading

December 6, 2013. That day, shares of Tweed soared 183 per cent at 2:07 pm from its issued price on March 7 of 89 cents to $2.52. It had actually gone down from the opening price of $5.10 but is still the third-most traded issued in Canada as 9.64 million shares were either sold or bought.

Over the weekend, the Smith Falls, Ontario-based company disclosed that it purchased over 60 new strains of medical marijuana seeds and plants from licensed growers. The firm’s current market value is $89 million.

Tweed will sell 25 strains to Canadian patients for $5-$12 per gramme, shipping included. Minimum order is 1 gramme, and delivery is via bonded courier.

Health Canada estimates that within the next decade, the medical pot market could grow to $1.3 billion.

In the U.S., medical marijuana shares have ballooned at even higher rates. For 2014, shares of Tranzbyte Corp, which sells cannabis in Colorado following the drug’s legalization, soared 2,352 per cent.

To read more, visit http://au.ibtimes.com/articles/547035/20140408/tweed-marijuana-stocks-3rd-traded-canada-up.htm