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YOUR SOURCE FOR BUSINESS AND AGRICULTURE IN LANARK, LEEDS & GRENVILLE FEBRUARY 2014

VOL. 12 NO. 10

Tweed leaps into production Provincial finance critic takes government to task and files for public listing By HOWAIDA SOROUR It is official. Tweed Inc. is now a Ministry of Health licensed medical marijuana production facility. Though Tweed only officially received its licence on Jan. 28, it’s already well into production and planning to have its first product ready for sale by April when the new Marijuana for Medicinal Purposes Regulation (MMPR) comes into effect and producers like Tweed become the only licensed source. “That was their intention from the start,� said Smiths Falls mayor Dennis Staples. “Back in September, they wanted to be in a position to have the product available for April when the new regime starts.� Already one mother room is up and running with hundreds of nursery plants, under the watchful eye of Ryan Douglas, master grower. “We’re looking to produce 25 different strains with different properties,� said CEO Chuck Rifici. That’s a big jump from the initial five strains the company had mentioned in earlier interviews. “Carrying a wide variety of strains, ensuring we have medicine available when patients need it, and providing unparalleled support to customers is what will guide our company,� said Douglas, in the original press release following the licence announcement. The various strains will have different levels of THC and Cannabidiol and there is, according to Rifici, already enough information to point towards how different properties can best be applied to patient needs. “We will have information available

-Business Today photo by HOWAIDA SOROUR

The first mother room is well stocked with nursery plants that are being carefully tended under the watchful eye of Ryan Douglas at the Tweed facility in Smiths Falls. to help patients with that choice,� said become a commercial supplier of mediRifici, “but like any medication, people cal marijuana under the new MMPR. may have to try different strains to find In the past people were allowed to grow marijuana for their own use in the right one for them.� Tweed is now the fifth company to See TWEED page 2 receive a licence from Health Canada to

By LAURA ARMSTRONG A forecast $12 billion provincial deficit can be attributed to a Liberal government spending spree not a revenue problem, the Tory finance critic told North Grenville business men and women at a recent Chamber of Commerce luncheon. Vic Fedeli, Member of Provincial Parliament for Nipissing, told guests at the North Grenville Chamber of Commerce’s Jan. 29 Economic Impact Event that high hydro rates, high corporate taxes and red tape are “job-killers,� keeping the province from not only attracting, but also maintaining private sector investors. Heinz, Kellogg’s and Caterpillar are some of the large manufacturers leaving the province after losing trust in Premier Kathleen Wynne’s government, Fedeli said. The uncertainty stems from the 2012 budget, when the Liberals promised to reduce corporate taxes to 10 per cent. Instead, corporate taxes remain at 11.5 per cent and are expected to rise to 12 per cent, the highest corporate tax rate of all the large provinces in Canada. “Does that not tell you we’re doing something wrong?� Fedeli said. “You’ve got world leaders who are evacuating Ontario for Quebec and the states. They’re not closing up, they’re just getting out.� Visiting ridings such as Orleans, Rockland, Kanata, Belleville, Kingston and Cornwall ahead of pre-budget consultations held by the legislature’s finance committee on which he sits, Fedeli said he learned constituents would rather be scared

-Business Today photo by JOE MORIN

Vic Fedeli, provincial PC finance critic, addresses the crowd gathered for the Chamber of Commerce Economic Impact Luncheon in North Grenville Jan. 29. than uninformed. “You may not like what you hear,� Fedeli said. “In fact, if you’re a proud Ontarian, you won’t like what you hear.� Ontario, he said, did not make its growth numbers last year, and the Bank of Canada is projecting the same to occur in 2014. The lack of revenue leads to an estimated deficit of $11.7 billion this year, contributing to the province’s “massive� $278 billion debt. The Liberal government’s decision to go on a spending spree as if they’re See DEBT page 2

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