- TGOD
is expanding into the global organic-hemp CBD market with its Global
Strategic Hemp Division; the global CBD market is forecast to reach $22
billion in three years
- The
company’s flagship Quebec facility received organic certification from
Pro-Cert; the site is slated to reach more than 1.3 million square feet
- TGOD
plans to enter the U.S. hemp-CBD beverage market through existing
partnerships
The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX:
TGODF) is entering the global hemp-CBD market by debuting its Global
Strategic Hemp Division. The move will leverage the company’s expertise in the
European hemp-CBD market across its established network of international
partners (http://ibn.fm/DtLB0).
TGOD estimates that the global CBD market will reach $22
billion in less than three years. TGOD will move into the global sector as the
demand for high-quality hemp-CBD products in Europe grows. In 2018, TGOD
acquired HemPoland, which has an expanding footprint and distributor network
across Europe. This move is expected to provide an advantage to market entry
for TGOD.
“Our team has years of direct hands-on experience in the CBD
space,” TGOD CEO Brian Athaide stated in a news release (http://ibn.fm/RZ0oF). “We are
excited to use this advantage to execute on a fast-moving market expansion
strategy.”
That strategy includes several initiatives, including
expansion in Canada, Germany, Jamaica, Mexico, Poland and the United States.
For its entry into the U.S. market, TGOD has developed a suite of hemp-CBD
products, including CBD-infused beverages. The company’s approach enables TGOD
to enter the American hemp-CBD market quickly and with a capital-light business
model.
TGOD has also received organic certification from Pro-Cert
for its Valleyfield, Quebec, facility. TGOD anticipates that, when completed,
that location will reach 1.3 million square feet and become the largest organic
cannabis greenhouse in the world (http://ibn.fm/3a20h). The company already has certified
organic growing facilities in Europe and Canada.
TGOD noted that Pro-Cert’s certification programs are ISO
17065 compliant and accredited, offering global recognition and international
access to the brands and products it certifies.
Toronto-based TGOD is a premium, global, organic-cannabis
company with operations focused on medical cannabis markets in Canada, Europe,
the Caribbean and Latin America, as well as the Canadian adult-use market.
Through wholly owned subsidiary HemPoland, TGOD distributes premium hemp-CBD
oil in the European Union.
For more information, visit the company’s website at www.TGOD.ca
NOTE TO INVESTORS: The latest news and updates
relating to TGODF are available in the company’s newsroom at http://ibn.fm/TGODF
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