SMITHS FALLS, ON, May 8, 2015 /CNW/ - Tweed Marijuana Inc. ("Tweed
Marijuana" or "the Company"), Canada's first publicly traded producer of
medical cannabis is pleased to announce key leadership appointments
within the Company, as well as its wholly-owned subsidiaries Tweed
Inc. (Tweed) and Tweed Farms Inc.
(Tweed Farms).
Mr. Tim Saunders will assume the
position of Chief Financial Officer (CFO) of Tweed Marijuana. He
has demonstrated financial and organizational leadership in the
waste management, mobile technology and hi-tech sectors in
Canada and Europe. Mr. Saunders was most recently the
President of Black Canvas Consulting and a Strategic Advisor to the
President's Office at Export Development Canada. He also gained
valuable international executive experience at Vodafone in the
United Kingdom and the
Czech Republic. Tim is well
positioned to lead Tweed during
this crucial phase as the Company seeks to consolidate the sector
and accelerate growth at home and abroad.
Outgoing CFO, Mr. Don Gibbs,
is rejoining his consulting company. The Board of Directors thanks
Don for his financial stewardship and wish him well in his future
endeavors.
Mr. Mark Zekulin will assume the
new role of President of Tweed. In
this role, Mark will continue his oversight of Tweed's medical and patient outreach strategy,
market positioning and regulatory and legal compliance, while
adding operational oversight at Tweed's Smiths
Falls facility. Mr. Angus
Footman will continue to lead Tweed Farms as President of
the Niagara-on-the-Lake operations
through the next phase of expansion and contribute towards the
Company's overall strategic vision and execution.
These changes reflect the leadership and vision Mr. Bruce Linton, Chairman and CEO, has for the
organization as it begins its second year of full-scale operations
and public trading.
"In the last year this sector emerged and accomplished a number
of milestones that have improved the quality of lives of thousands
of Canadians," said Bruce Linton. "I
appreciate Don's contributions to these efforts and wish him
well."
"Our leadership team will remain focused on growth and
profitability as we continue to enhance the understanding of
medical cannabis in Canada."
Here's to Future Growth.
About Tweed Marijuana
Tweed Marijuana is Canada's first publicly traded
medical marijuana company and the first geographically diversified
producer with dual licenses under the Marihuana for Medical
Purposes Regulations.
The Company operates two state-of-the-art production facilities
in Ontario and distributes marijuana across the country
to Canadian patients managing a host of medical conditions.
The Company is dedicated to educating healthcare practitioners,
providing consistent access to high quality medication, and
furthering the public's understanding of how marijuana is used for
medical purposes.
Notice regarding Forward Looking Statements
This news release contains forward-looking statements.
Often, but not always, forward-looking statements can be identified
by the use of words such as "plans", "expects" or "does not
expect", "is expected", "estimates", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words
and phrases or state that certain actions, events or results "may",
"could", "would", "might" or "will" be taken, occur or be
achieved. Forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Tweed Marijuana
Inc. or Tweed Inc. to be materially different from any future
results, performance or achievements expressed or implied by the
forward-looking statements. Examples of such statements include:
(A) predictions of future demand; (B) plans to increase capital
expenditure and construction related expenses; (C) anticipated
production yields; (D) completion of construction and availability
of new production rooms; and (E) forecasted available product
selection. Actual results and developments are likely to differ,
and may differ materially, from those expressed or implied by the
forward-looking statements contained in this news release. Such
forward-looking statements are based on a number of assumptions
which may prove to be incorrect, including, but not limited to: the
ability to obtain any necessary financing; the economy generally;
the yield from Tweed's marijuana growing operations; consumer
interest in products; competition; regulation and anticipated and
unanticipated costs and delays. Although Tweed Marijuana Inc. has
attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be as anticipated,
estimated or intended. Readers should not place undue reliance on
forward-looking statements. The factors identified above are not
intended to represent a complete list of the factors that could
affect Tweed Marijuana Inc. or Tweed Inc. Additional factors are
noted under "Part IV - Description of Risk Factors Associated with
the Acquisition" in the Filing Statement of Tweed Marijuana Inc.
dated as of June 30, 2014 and available
at www.SEDAR.com. The forward-looking statements
included in this news release are made as of the date of this news
release and Tweed Marijuana Inc. does not undertake an obligation
to publicly update such forward-looking statements to reflect new
information, subsequent events or otherwise unless required by
applicable securities legislation.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release. All appointments are subject to approval by the TSX
Venture Exchange.
SOURCE Tweed Marijuana Inc.