Cannabis-focused research and development company The Green
Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) this morning
announced its entry into a strategic joint venture with LLACA Grupo Empresarial
aimed at creating a 50/50-owned company to enter the medicinal cannabis market
of Mexico. LLACA has developed proprietary distribution capabilities and has
access to premier distributors with commercialized pharmaceutical and
over-the-counter products providing access to 4,500 pharmacies and 3,100 supermarkets
throughout Mexico. “This partnership combined with the recently proposed
regulations for the Mexican medicinal cannabis market provides TGOD with a
significant first mover advantage, at scale,” Brian Athaide, CEO of TGOD,
stated in the news release. “This is a pivotal step in our strategy to export
TGOD branded products produced in Jamaica, Poland, and soon to be Canada and
Denmark for the global markets. The distribution network includes over 7,600
potential retailers, significantly expanding our international footprint.” Per
the update, the joint venture will give TGOD full access to LLACA’s strategic
services, including distribution, warehousing, product registrations,
regulatory representations and authorized clinical trials.
To view the full press release, visit http://ibn.fm/l1Su5
About The Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. is a research &
development company licensed under the Access to Cannabis for Medical Purposes
Regulations (“ACMPR”) to cultivate medical cannabis. The Company carries out
its principal activities producing cannabis from its facilities in Ancaster,
Ont., pursuant to the provisions of the ACMPR and the Controlled Drugs and
Substances Act (Canada) and its regulations. The Company grows high quality,
organic cannabis with sustainable, all-natural principles. TGOD’s products are
laboratory tested to ensure patients have access to a standardized, safe and
consistent product. TGOD has a funded capacity of 170,000 kg and is building
1,382,000 sq. ft. of cultivation facilities in Ontario, Quebec and Jamaica. The
Company has developed a strategic partnership with Aurora Cannabis Inc. (TSX:
ACB) whereby Aurora has invested approximately C$78.1 million for 20% offtake
from TGOD’s local production. In addition, TGOD has raised approximately C$350
million and has over 20,000 shareholders. TGOD’s Common Shares and warrants
issued under the indenture dated November 1, 2017 trade on the TSX under the symbol
“TGOD” and “TGOD.WT”, respectively. For more information, visit the company’s
website at www.TGOD.ca
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