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Tweed Marijuana Inc. Records a $1 million profit
Earlier this week, Tweed Marijuana Inc. (TWD) completed the acquisition of Bedrocan Cannabis Corp. (BED). The acquisition successfully combined the two largest Canadian medical marijuana producers and created a conglomerate in the Canadian medical marijuana industry.
The first priority for the newly combined company is to integrate its more than 5,600 active and registered clients and build on the unique strengths of each brand. Starting tomorrow, patients will have access to both product lines.
TWD records a $1 million profit in its most recent quarter
On Monday, TWD announced quarterly operating results and reported $1,011,783 in net income. The reported profit was primarily the result of an increase in the fair value of its biological assets.
We expect to see incremental revenue growth given that TWD is only using 12 of its 30 indoor growing rooms.
Bedrocan and Tweed continue to receive license approvals
On August 27th, Bedrocan received a...
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