Tweed Marijuana, Canada’s first publicly traded medical marijuana company, says it has shipped its first orders of the drug to clients.
Tweed started trading on the Toronto Venture Exchange last month and has a market capitalization of more than $113,000 million.
The company said Monday that the marijuana was produced at its Smiths Falls facility, near Ottawa, and complies with federal regulations.
New federal rules that started April 1 requires marijuana users to get their medical pot supply from commercial growers. But a federal court injuction in March allows some users to continue growing their own pot until a wider constitutional challenge of the regulations is heard, a ruling Health Canada says it plans to appeal.
Under the new system, patients send a form signed by their doctor to the commercial producers of their choice. The marijuana will then be shipped directly to them using a secure courier, such as Canada Post or a private company.
– Read the entire article at The Montreal Gazette.