Tweed Marijuana Stocks 3rd Most Traded In Canada, Up 183% In Friday Trading – International Business Times

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.
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