Tweed Inc. entered into a non-binding letter of intent to acquire LW Capital Pool Inc. (TSXV:LWI.H) from ZIM Corporation (OTCPK:ZIMC.F) and others in a reverse merger transaction on January 2, 2014. On March 18, 2014, Tweed Inc. signed a definitive agreement to acquire LW Capital Pool Inc. in a reverse merger transaction. Under the terms of the agreement, Tweed proposes to acquire all of the issued and outstanding securities of LW Capital and LW Capital will issue approximately 135 million LW common shares, it is currently expected that the current holders of LW common shares will hold approximately 4.3% of the outstanding common shares post closing, with shareholders of Tweed holding 95.7%. As part of consideration, ZIM received 20,000 shares of Tweed. LW CPI will also issue options to purchase common shares of LW CPI in exchange for outstanding options to purchase shares of Tweed. On closing of the Transaction LW Capital Pool will change its name to Tweed Marijuana Inc.

The transaction is subject to regulatory approval, shareholder approval, negotiation and execution of a definitive agreement, approval of the TSXV and standard closing conditions, approval of the definitive agreement by the Directors of each of LW and Tweed and completion of due diligence investigations to the satisfaction of each of LW and Tweed, majority of the minority shareholder approval, completion of a private placement in at least such minimum amount, listing of shares of LW Capital Pool issuable as consideration and resignation of officers and Directors of LW Capital Pool.