SMITHS FALLS, ON , March 25, 2015 /CNW/ - Tweed Marijuana Inc. ("Tweed") (TWD.V), is pleased to announce that the underwriters of Tweed's bought deal offering that closed on March 17, 2015 (the "Offering") have exercised their over-allotment option in part to purchase an additional 795,360 common shares of Tweed ("Common Shares") at a price of $2.15 per Common Share for gross proceeds to Tweed of $1,710,024 (the "Over-Allotment Offering"). The partial exercise of the over-allotment option closed today. 

This partial exercise of the over-allotment option follows Tweed's previously announced short form prospectus offering, on a bought deal basis, of 9,302,400 Common Shares for aggregate gross proceeds of $20,000,160. The Offering was completed at a price of $2.15 per Common Share (the "Offering Price") by a syndicate of underwriters led by GMP Securities L.P. and including Dundee Securities Ltd. and M Partners Inc. (collectively, the "Underwriters").

In connection with the Offering, Tweed granted the Underwriters an over-allotment option...