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Tweed Marijuana Inc closes $15 mln bought deal financing


Wednesday, 14 May 2014 08:51am EDT 

Tweed Marijuana Inc:Offering was completed at a price of $3.20 per common share by syndicate of underwriters led by GMP Securities L.P. and including Jacob Securities Inc.If this option is exercised in full, additional $2,250,000 will be raised pursuant to offering and aggregate gross proceeds of offering will be $17,250,000.Intends to use net proceeds from offering primarily for facility expansion and general corporate purposes.