OTTAWA,
April 4, 2014 /CNW/ - Tweed Marijuana
Inc. (TSXV: TWD) today announced, pursuant to the requirements of
the TSX Venture Exchange, that it has granted options to purchase
251,210 common shares to directors and an officer of the
company. The stock options were granted pursuant to the terms
of Tweed Marijuana Inc.'s stock option plan and are exercisable at
$0.89 per share, being the value at
which common shares of the company were issued in connection with
the recently closed qualifying transaction with Tweed Inc.
These grants are remuneration for such directors and officer for
their services to the company. Stock option grants are
subject to necessary regulatory approvals.
About Tweed Marijuana Inc.
Tweed Marijuana is a TSX Venture Exchange listed
company. Its wholly owned subsidiary, Tweed, is a licensed
producer of medical marijuana in Canada. The principal
activities of Tweed are the production and sale of marijuana out of
its facility in Smiths Falls,
Ontario as regulated by the Marihuana for Medical
Purposes Regulations.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Tweed Marijuana Inc.