During a time when they should have been celebrating a big step forward, Tweed Marijuana Inc. was instead dealing with the RCMP at Kelowna International Airport.
The Ontario-based company became the first publicly traded medical pot company in Canada on Friday, but are reportedly searching for answers after having a shipment of their medical marijuana products seized by police.
According to the National Post, the company invited RCMP to inspect the shipment comprised of medical marijuana, which had been acquired from BC growers, who had previously been licensed to grow at their homes.
“We felt everything was done absolutely correctly,” Tweed chairman Bruce Linton told the National Post from the company’s office in Smiths Falls. “When you call police to say, ‘Come look at this,’ you believe you have everything in order.”
RCMP have not yet commented on the reasons for the seizure and no charges have been laid.
As for their first day of trading, Tweed Marijuana Inc. closed at $2.59 on the TSX Venture exchange Friday, giving the company a value of $90.7 million.