On Monday, Tweed Marijuana Inc. (TSXV:TWD) announced another milestone with its first shipment of medical marijuana to customers. Following the seizure by the RCMP of a previous marijuana supply shipment belonging to Tweed and its fellow producer Mettrum, things are now running much more smoothly.

“We are very happy that Tweed’s medicine is en route to those who need it,” said Tweed CEO Chuck Rifici in a press release on Monday.


It’s a good thing that, too, that Tweed is ready to meet demand, as along with fellow producer Tilray, the company has seen higher than expected demand for their first month of operations alone. According to CBC News, Tweed has had to up its production expectations to 6 million grams per year, a significant increase from its previous guidance of 1.5 million.

Tweed has continued to show significant success in the medical marijuana industry. Notably, it secured a $15 million bought deal financing last month, which it plans to use in part to continue to expand its facilities.

Located in Smith Falls, Ontario, Tweed’s eight building medical marijuana facility was once the iconic Hershey Chocolate factory. According to Tweed’s website, chocolate factory was a source of employment for the Smith Fall’s community and a valuable attraction for thousands of visitors up until its closure in 2008. With its medical marijuana operations, Tweed hopes to revive the facility, “so that once again 1 Hershey Drive can become a source of job creation and investment in the Smiths Falls community.”

Tweed was Canada’s first publicly traded medical marijuana company. Its 100 percent owned subsidiary Tweed Inc. is one of twelve producers licensed by Health Canada.

 

Securities Disclosure: I, Teresa Matich, hold no investment interest in any companies mentioned in this article.

Codebase Ventures Inc. (“Codebase” or the “Company”) (CSE:CODE)(FSE:C5B)(OTCQB:BKLLF) announces it has completed a first closing of a non-brokered private placement of up to $2,000,000. The Company accepted subscriptions for 13,740,000 units at a price of $0.05 per unit, for gross proceeds of $687,000. Each unit consists of one common share and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share at $0.075 for a period of two years from the date of closing, subject to the option of the Company to accelerate the expiry date in the event that its shares trade at $0.15 or more for 10 consecutive days

The Company paid $18,000 in cash and issued 160,000 warrants on the same terms as noted above to qualified finders. Securities issued pursuant to this tranche are subject to trading restrictions until April 5, 2021. The Company is expecting to complete the financing by December 16, 2020. Proceeds will be used for working capital and to fund future investments.

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Hill Street Beverage Company Inc. (TSXV: BEER) (“Hill Street” or the “Company”), announces that further to its press release dated December 3, 2020, the TSX Venture Exchange has approved the repricing of 19,405,804 warrants of the Company that were originally issued on July 27, 2018, to $0.10. These warrants are set to expire on December 31, 2020.

For anybody wishing to exercise these Warrants, please contact the Chief Executive Officer, Terry Donnelly at the particulars below.

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Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from leaders at: Tilray, Inc. (NASDAQ: TLRY), Icanic Brands (OTC: ICNAF) (CSE: ICAN), Aurora Cannabis (NYSE: ACB) (TSX: ACB), and HEXO Corp. (NYSE: HEXO)

Cannabis leaders are focusing on innovation in premium branding, global expansion, and tight operational execution in the drive towards profitability. Wall Street Reporter highlights the latest comments from industry thought leaders:

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TransCanna Holdings Inc. (CSE: TCAN) (FSE: TH8) (“TransCanna” or the “Company”) is pleased to announce that it has closed the 2nd and final tranche of its Unit financing. In connection with the closing, the Company issued 1,356,873 Units at a price of $0.55 per Unit, for gross proceeds of $746,280.15. Each Unit consists of one (1) common share and one (1) warrant. Each warrant entitles the holder to purchase one common share of the Company, at an exercise price of $0.75 per share, for a period of two years from the date of issuance. The warrants are subject to an acceleration right that allows the Company to give notice of an earlier expiry date if the Company’s share price on the CSE (or such other stock exchange the Company’s shares may be trading on) is equal to or greater than $1.25 for a period of 20 consecutive trading days. Finder’s fees of $42,542, 3,200 Finder’s shares and 80,550 Finder’s warrants were issued in connection with finder’s fees payable.

In total, the Company raised gross proceeds of $1,757,180 and issued 3,194,873 Units.

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 Sweet Earth Holdings Corp. (CSE: SE) (FSE: 1KZ1) (OTCQB: SEHCF) (“Sweet Earth” the “Company”) is pleased to announce that it has received full Depository Trust Company (“DTC”) eligibility in the United States. On October 20, 2020, Sweet Earth announced that its shares had been listed on the United States’ Over-The-Counter Bulletin (“OTCQB”) under the ticker SEHCF.

DTC status means that Sweet Earth shares are now eligible to be transferred between brokerage accounts within the United States and significantly augments the ease in which American-based investors are able to trade Sweet Earth shares.

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