Mortgage finalized for funding for Tweed Farms in Niagara

November 10, 2014
Written by
Nov. 10, 2014, Smith’s Falls, Ont. — Tweed Marijuana Inc. has obtained a mortgage on Tweed Farms Inc., the recently acquired greenhouse facility and surrounding property located at 453 Concession #5 Rd, Niagara-on-the-Lake, Ontario.

The mortgage was entered into with a leading Canadian financial institution.

The terms and funding, finalized on Nov. 7, 2014, are as follows: $1,875,000, seven-year amortization, with a five-year fixed annual interest rate of 5.3 per cent.

This mortgage agreement solidifies Tweed as a member of the business community in Niagara-on-the-Lake and strengthens the Company’s ongoing strategy of geographic diversity and the high scale, low-cost production of premium medical marijuana.

The first harvest from Tweed Farms has arrived at Tweed’s state-of-the-art facility in Smiths Falls, Ontario for processing.

Tweed’s largest harvest to date will be available to customers shortly.

Add comment

Security code

Subscription Centre

New Subscription
Already a Subscriber
Customer Service
View Digital Magazine Renew

Most Popular

Latest Events

New Blooms
Thu Jul 18, 2019 @10:00am - 03:00pm
ASHS Conference
Mon Jul 22, 2019
Sawaya Garden Trials
Wed Jul 24, 2019 @ 8:00am - 05:00pm
Nursery/Landscape Expo
Thu Aug 08, 2019 @ 8:00am - 05:00pm

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.