Tweed Marijuana eyes its next big milestone after making first acquisition: Positive cash flow

TWD_LOTS_VAULTNone of the licensed producers in Canada’s medical pot industry is cash-flow positive right now, and most are still very far from it. The sector only came into existence 17 months ago, and while customer growth has been impressive, far more patients are needed to make the industry consistently profitable. Tweed, which is Canada’s dominant marijuana firm, reported a small quarterly profit of $1 million last week, but that was due to an accounting gain.

Nonetheless, chairman and chief executive Bruce Linton thinks positive cash flow is achievable in the very near future: in early 2016 or possibly sooner.

Read the rest of Peter Koven’s article:

Published by NCV Newswire
NCV Newswire
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