Topic: How To Invest

Hello Pat: I would like your thoughts on Tweed Marijuana. Is now the time to find a good company and get involved in this new industry? Thanks.

Article Excerpt

The growing trend toward marijuana legalization has spurred a great deal of investor interest. (It has inspired a number of legitimate marijuana start-ups, as well as a variety of “pump & dump” operations—see above). We have yet to come across any attractive marijuana investments. Tweed Marijuana Inc., $2.69, symbol TWD on Toronto (Shares outstanding: 27.8 million; Market cap: $80.8 million; www.tweed.com), began trading on Toronto on April 3, 2014. The company is a licensed grower of medical marijuana in Canada. It produces marijuana at a facility in Smiths Falls, Ontario, and through Park Lane Farms in Niagara-on-the-Lake, Ontario. The company shipped its first product on May 5, 2014, from the Smiths Falls plant. On May 14, 2014, Tweed sold 4.7 million shares at $3.20 each to raise $15 million. The company bought Park Lane Farms on June 19, 2014, for $2 million in cash and shares. Health Canada recently approved this facility as a licensed producer of medical marijuana, and Tweed has started production in…

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