Could "Tweed" and other Medical MJ company's be part of a "Pump and Dump" scheme???

[Buddha1]

Could "Tweed" and other Medical MJ company's be part of a "Pump and Dump" scheme???

There is some concern as to Marijuana companies on the stock exchange, possibly being a "Pump and Dump" scheme.

Tweed Marijuana Inc, is mentioned by name in the article because its stock went from 89 cents per unit and jumped to $4.50 after heavy early morning trading before closing at $2.60 a share. Are they a good investments or just another form of the "Pump and Dump" scam. I wonder if Health Canada put any thought into this scam as a possible out come for some of the MMPR company's. These new Medical MJ company's would be perfect candidates and ripe for big money Organized Crime to exploit.

Invest a couple million in a legit company, grow sight, plants, lighting and licensing, then promote the shit out of it, then when the price is right...DUMP!!!...Tens of millions, for your couple million in seed stock. If you had the money and the guts to pull it off, you would be extremely rich and it would be all legal. You would just have to explain..."I didn't expect the stock to do that well, but once it 10 times my investment, well, I had to sell...I'm a businessman".

My burning question is...If company's registered on the stock exchange, are or become "Pump and Dump" stocks, is Health Canada responsible to the stock holders?

Peace...B

PS. I could be just a huge conspiracy theorist...But to me this is entirely possible.

Link to original article:

http://www.theprovince.com/news/Bew...peculation+regulators+wary/9760955/story.html

Beware the green rush: Medical marijuana stock speculation in U.S. has B.C. regulators wary

Marijuana-growing industry: Stock speculation in U.S. prompts words of caution

By Ian Austin and Susan Lazaruk, The Province April 22, 2014 3:14 PM




Beware the green rush: Medical marijuana stock speculation in U.S. has B.C. regulators wary

Harry Barr of Next Gen Metals says his company will host a conference at the Vancouver Convention Centre to bring together people and businesses interested in the financial side of legally grown marijuana. Arlen Redekop/PNG
Photograph by: Arlen Redekop , Province

Big profits are being made by share speculators in the emerging marijuana industry, prompting a warning from B.C. regulators to beware the green rush.

“Investors need to know that a lot of these startups fail,” said Richard Gilhooley of the B.C. Securities Commission.

Gilhooley was reacting to the storm of interest surrounding publicly listed companies getting into the medical and non-medical marijuana business in Canada and some U.S states.

Some of the biggest percentage gains, as high as 1,700 per cent, are happening in the U.S., with investors speculating on marijuana penny stocks, according to Bloomberg News.

Heavily-traded shares

In Canada, shares in Tweed Marijuana Inc. — an Ontario grower and the first to begin trading on a Canadian exchange — were issued earlier this month at 89 cents per unit and jumped to $4.50 after heavy early morning trading before closing at $2.60 a share in the afternoon. The shares closed at $3.35 on Friday.

Gilhooley said startups will sometimes aggressively market to push an idea, with appeals like: “‘What if this is the new Apple?’ or ‘What if this is the (modern-day) Microsoft?’”

He said the biggest red flag with all stock promotion is the promise of high return and no risk, when the opposite is true.

“You’re going to have a lot of startup venture companies that are going to fail, and only the strong will survive,” he warned.

In Canada there are roughly 40,000 people with a permit to consume medical pot. Health Canada has issued a dozen commercial grower licences with many more in the works. Under the old system, licensed individuals supplied the permitted users.

More than 300,000 permitted users by 2024

Health Canada estimates there will be more than 300,000 permitted users by 2024, at which time the industry will be worth $1.3 billion.

In the U.S., the case is more dramatic, with Colorado allowing the sale and taxation of pot to anyone of age who wants to buy it.

The Financial Industry Regulatory Authority in the U.S. issued a warning in January for investors to be aware of U.S. marijuana stock scams coming by fax, email or text messages, inviting investors to webinars, infomercials, tweets or blog posts.

Consumers should beware of “‘pump and dump’ ploys,” said the alert posted to FINRA’s website.

The “pump” is a lure that’s optimistic and aggressive and sometimes misleading or false, “designed to create unwarranted demand for shares of a small, thinly traded company with little or no history of financial success.”

Once shares peak, those pushing the stock sell at a profit, leaving others with worthless stock — the “dump.”

In Vancouver, a mining stock that has turned to marijuana has already seen profits.

Marijuana speculation

Next Gen Metals’ share price spiked from five cents to more than 70 cents after the company sent out a dozen press releases over two months ago about its plans to invest in marijuana companies through a subsidiary Next Gen. The share price closed at 25 cents on Friday. Other companies getting into the green include Growlife, Satori, Cavan Ventures and Prominex Resources.

 

[blastfrompast]

If they had to bring in meds to supply their consumers, then something is seriously fucked with this company...some bad juju going on here.

 

[growshopfrank]

i could be wrong but i seem to remember reading somewhere that justin trudeau had some connection with the tweed operation
that might help explain that shipment debacle that they had with the mounties

 

[Buds Bundy]

i could be wrong but i seem to remember reading somewhere that justin trudeau had some connection with the tweed operation
that might help explain that shipment debacle that they had with the mounties

Its his buddy that owns it. Here's the real kicker why has the amount of weed that was confiscated not been released to the media or if it has why hasn't the media stated the amount? Usually they'd be stating the street value of the drug as the main point of the bust. I guess the truth hurts too much when the shoe is on the other foot.

The govrnment new darling, touted as some huge up and coming tax revenue and job generator and the first week of operations its as crooked as you can get and info about the cooked shit going on is being controlled in the media.

 

[Pangea]

The Chief Financial Officer(CFO) of the National Liberal Party of Canada is Chuck Rifici, whom is also the CEO of Tweed.

Interesting aside, Stephen Bronfman is the CRO of the Liberal Party, might be buddies with Chuck...


http://www.liberal.ca/party/national-board-of-directors/

 

[rangergord]

Its pretty normal in new industries. Remember the Tech bubble? Not all these companies are going to survive. The capital costs and regulatory costs are going to be high. The sales revenue may not keep up. Some will be bought up by larger more successful companies. Some will go bankrupt. Investors should not put all their eggs in one basket here. If you want safe predictable returns wait a few more years until the trash is thrown out.
The government does not have to do anything. Government is the problem not the solution. Remember that this whole medical marijuana scheme is built on prohibiting medical users from growing their own plants and compelling them to buy at $8/gram from these companies only. Just how sustainable do you think this plan is?

 

[Frostynugz]

And the plot thickens.............

http://online.wsj.com/article/PR-CO-20140424-909461.html?mod=wsj_share_twitter


Tweed Marijuana Inc. Announces $15 Million Bought Deal Financing

OTTAWA, ONTARIO--(Marketwired - April 24, 2014) -

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

Tweed Marijuana Inc. (TSX VENTURE:TWD) ("Tweed" or the "Company") announced today that it has entered into an agreement with a syndicate of underwriters led by GMP Securities L.P. and including Jacob Securities Inc. (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis pursuant to the filing of a short form prospectus, 4,687,500 common shares (the "Common Shares") of the Company, at a price of $3.20 per Common Share (the "Offering Price") for aggregate gross proceeds to Tweed of $15,000,000 (the "Offering").

The Company has agreed to grant the Underwriters an over-allotment option to purchase up to an additional 703,125 Common Shares at the Offering Price, exercisable in whole or in part, at any time on or prior to the date that is 30 days following the closing of the Offering. If this option is exercised in full, an additional $2,250,000 will be raised pursuant to the Offering and the aggregate gross proceeds of the Offering will be $17,250,000.

The Common Shares will be offered by way of a short form prospectus to be filed in all of the provinces of Canada except Quebec. The Company intends to use the net proceeds from the Offering for facility expansion and general corporate purposes. The Offering is expected to close on or about May 14, 2014 and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the TSX Venture Exchange and the applicable securities regulatory authorities.

The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended, and applicable state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Tweed Marijuana Inc.

Tweed Marijuana Inc. is a TSX Venture Exchange listed company. Its wholly owned subsidiary, Tweed Inc., 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.

Notice regarding Forward Looking Statements

This news release contains forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "estimates", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Tweed Marijuana Inc. or Tweed Inc. to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Examples of such statements include statements regarding the issuance of the Common Shares and the use of proceeds from the Offering. Such forward-looking statements are based on a number of assumptions which may prove to be incorrect, including, but not limited to: the ability to obtain any necessary financing; the economy generally; the yield from Tweed's marijuana growing operations; consumer interest in products; competition; regulation; anticipated and unanticipated costs and delays; and the ability to receive any required approvals or consents in connection with the Offering, the ability of Tweed to satisfy the conditions of the Offering or otherwise close the Offering. Although Tweed Marijuana Inc. has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Readers should not place undue reliance on forward-looking statements. The factors identified above are not intended to represent a complete list of the factors that could affect Tweed Marijuana Inc. or Tweed Inc. Additional factors are noted under "Part IV - Description of Risk Factors Associated with the Acquisition" in the Filing Statement of Tweed Marijuana Inc. dated as of March 25, 2014 and available at www.SEDAR.com. The forward-looking statements included in this news release are made as of the date of this news release and Tweed Marijuana Inc. does not undertake an obligation to publicly update such forward-looking statements to reflect new information, subsequent events or otherwise unless required by applicable securities legislation.

Tweed Marijuana Inc.

Chuck Rifici

CEO




All of this without having shipped a single fucking gram

Nugz

 

[blastfrompast]

The next Bre-X

 

[j0yr1d3]

Wow, $17,500,000. And remind me again why Tweed is worth all this? Have they even shipped any product yet? How many patients do they have signed up? I can't imagine the MMPR having more than 2000-3000 patients right now. Going to be a lot of disappointed investors with most patients boycotting and the constitutional challenges happening.

 

[diffusing]

Wow, $17,500,000. And remind me again why Tweed is worth all this? Have they even shipped any product yet? How many patients do they have signed up? I can't imagine the MMPR having more than 2000-3000 patients right now. Going to be a lot of disappointed investors with most patients boycotting and the constitutional challenges happening.

well imho since its the first publicly traded cannabis company in canada.. probably in NA, people jumping on board .. trying to become bajillionaires.. get in "on the ground floor" and all that. going public was smart for them financially for sure... ill give them credit for that. will they ever ship a product, who knows. will it be good, doubtful. but I doubt that was ever the point.. making millions legally.. well.. does sound pretty good.

 

[Buddha1]

Allowing Medical MJ companies to trade on the stock exchange has all the markings to set it up for abuse. The kicker is, that it will all be legal. I understand now why they let the seizure of 1200lbs in Kelowna slide without at least trying for some compensation. They wanted the incident to die and go away. Legal problems would mess with stock prices.

I'm starting to think that Tweed is just a paper company, to be bought and sold on the stock market.

Only thing is...Sooner or later someone is going to get stuck with a worthless Medical MJ company, but it won't be the principles of the company...That you can take to the bank!!

Peace...B

 

[Morcheeba*]

the money was made by those privy to purchase stocks prior to it going public......like the facebook ipo and its debacle.

if patients were guaranteed the right to grow their own then let people invest in a bunk canna company that will produce low quality bud........no investment is guaranteed so its best to know what you invest in.

 

[blastfrompast]

Still no date on shipping bud...was supposed to be last week...now it might be this week.

FYI...they are also accepting new clients...but the clients won't be registered till the end of May, and can't guarantee meds till much later.

Based on the webchat I had...this company must be having some serious production issues....something must have went really wrong...PM mebbe

 

[Photosynthesis]

I am still paying child support for a "pump, and dump" scheme I was involved in years ago.

 

[Pangea]

Interesting bftp, I wonder if it is PM issues? Their extra dehumids will not do it, you cant dehumid your way outta PM issues. Surely between their QAP, master growers and a market cap of over 100m at their disposal they can figure it out...

I'm going to go on the limb and say the contam vector must have been Remo's mustache.

 

[Dr. Buddington]

Sealed rooms + HEPA filters + dehumidifier = no unwanted micro-fauna floating around.
Seriously though, I'm not putting my site on HC list until I have a certified, tested, cured batch ready for shipment.
They are counting their chickens before they even get the eggs, never-mind hatch them, lol.

 

[Buddha1]

This is a quote from an article dated April 28, 2014.

Presently, there are known to be over 600 applications in process with Health Canada to accredit would-be medical marijuana producers from all across Canada. There are 38,000 registered users with Health Canada who are permitted to produce and cultivate the precious herb for medical consumption, but according to one source who requested anonymity as he is not authorized to give details, there are presently over 400,000 individuals in Canada who are permitted to consume marijuana with a prescription.

I can't believe there are 400,000 prescriptions already for Medical MJ via the MMPR program, before the first month has even ended. I think there's a little bird that's lying out there on behave of Tweed Inc., or the reporter is making up facts to pump his story. "Either, Or"...There are some LIES being told/spread.

If I'm wrong, and I doubt I am...Please feel free to correct me, but if there are/were 400,000 prescription for Medical MJ issued in Canada, I think we would of heard something in the news services.

Peace...B


Link to original article
http://www.midasletter.com/2014/04/tweed-marijuana-inc-tsx-vtwd-sell-15000-kg-marijuana-per-year/


Original Article

Tweed Marijuana Inc. (TSX.V:TWD) Licensed to Produce 15,000 Kg of Marijuana per Year

Written By: James West


April 28, 2014


Posted In:Top Stories

Tweed Marijuana Inc. (TSX.V:TWD) Licensed to Produce 15,000 Kg of Marijuana per Year

Tweed Marijuana Inc. (TSX.V:TWD) (OTCMKTS:TWMJF) is Canada’s first publicly traded medical marijuana producer, and since debuting on the TSX Venture Exchange on April 14, the company has seen its stock come under a bit of pressure. But last week, Tweed announced a bought deal for $15 million led by GMP Securities of Toronto. According to Tweed Chairman Bruce Linton, that amount is expected to see the company through to operational profitability, and so unless acquisition targets swim into view, should limit the dilution investors in the company will be exposed to going forward.
Listen to the Interview with Bruce Linton, Chairman of Tweed Marijuana Inc.

Linton, in an interview on Friday April 25,th described in detail his company’s position in the market relative to other medical marijuana deals that might be coming down the pike. He says that with such a large presence in the marketplace right away, they will be in pole position to contemplate acquisitions as newcomers struggle to build market share with limited financial resources.

Presently, there are known to be over 600 applications in process with Health Canada to accredit would-be medical marijuana producers from all across Canada. There are 38,000 registered users with Health Canada who are permitted to produce and cultivate the precious herb for medical consumption, but according to one source who requested anonymity as he is not authorized to give details, there are presently over 400,000 individuals in Canada who are permitted to consume marijuana with a prescription.

There will no doubt be an absolute deluge of marijuana companies coming to Canada’s TSX Venture market and the Canadian Securities Exchange in the years ahead. Midas Letter will be analyzing and featuring only the companies that we believe have a genuine shot at becoming a profitable enterprise.

 

[Buds Bundy]

This is a quote from an article dated April 28, 2014.

I can't believe there are 400,000 prescriptions already for Medical MJ via the MMPR program, before the first month has even ended. I think there's a little bird that's lying out there on behave of Tweed Inc., or the reporter is making up facts to pump his story. "Either, Or"...There are some LIES being told/spread.

If I'm wrong, and I doubt I am...Please feel free to correct me, but if there are/were 400,000 prescription for Medical MJ issued in Canada, I think we would of heard something in the news services.

Peace...B



Link to original article
http://www.midasletter.com/2014/04/tweed-marijuana-inc-tsx-vtwd-sell-15000-kg-marijuana-per-year/

Its 40K but lets not let the facts get in a way of a good pump and dump scheme.

 

[Mikell]

Still no date on shipping bud...was supposed to be last week...now it might be this week.

FYI...they are also accepting new clients...but the clients won't be registered till the end of May, and can't guarantee meds till much later.

Based on the webchat I had...this company must be having some serious production issues....something must have went really wrong...PM mebbe

Perhaps something to do with the bald faced basement troll? Kid probably gets 5 o'clock shadow a week late, or as Canada Post rolls, right on time.

Watching the walk through video was brutal.

 

[Agracan]

Do people even realize what 15,000 kg is LOL. That's 15 tons of product, jeeeeez