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“Increasing the scale of our cannabis production capacity is vitally important to our operations,” Linton said.

“Even as a diversified producer using greenhouse growing and indoor growing facilities, we know there will be a need for commercial processing space that can be used to convert cannabis and cannabinoids into higher-margin products like edibles.”

He added the space also has potential to be used for producing vaporizer pens or “sophisticated medical delivery options” that may be allowed under future legal frameworks.

“Almost tripling the footprint of our headquarters means more potential for our business, for the economy of Smiths Falls, and for Tweed’s customers,” he said.

The building and property were acquired for $6.6 million, $923,980 of which was issued in shares. As a part owner of the facility prior to the transaction, Linton received 70,800 of the 94,397 shares issued.

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Tweed has already transformed 168,000 square feet of licensed space into an “innovative” cannabis production space, it said, with 12 of 39 potential growing rooms operational and another 12 multilevel growing rooms under construction and nearing completion.

Town Mayor Shawn Pankow said the company has already had an undeniable impact on the town and its economy.

“It’s just been an incredible transformation, even in the last six months,” Pankow said of what the company has done to the space.