It will be listed under the stock ticker TWD. The company has executed a reverse takeover of shell company LW Capital Pool Inc., a deal in which Tweed bought the public company in order to bypass the lengthy and complex process of undergoing an initial public offering.
About 65 per cent of the shares will be available to the public, and are expected to start trading at 85 cents, said chairman Bruce Linton.
“I can’t translate what demand will be, but if interest is an indicator, we get daily calls that come from all over North America from people interested in investing in the market,” he said.
The Tweed Inc. medical marijuana facility is across the street from the Smiths Falls police detachment. The police have toured the plant and had one request: don’t put a giant marijuana leaf on the front of the building. Tweed CEO Chuck Rifici stands in front of the hydroponics centre.