- Recently
announced a supply partnership with Velvet Management Inc. naming TGOD as
its exclusive certified organic producer
- Operations
focused on medical cannabis markets in Canada, Europe, the Caribbean and
Latin America, as well as the Canadian recreational market
- Committed
to becoming the global leader in organic cannabis brands
- Current
international investments in Jamaica, Poland and Mexico, with further
expansion planned in Europe
The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX:
TGODF), a global producer of farm grown, high quality organic cannabis, has
secured a strong entry point with provincial cannabis and liquor boards across
Canada through a recently announced supply partnership with Velvet Management
Inc. The company’s commitment to best-in-class distribution for its premium,
certified-organic cannabis makes relationships with and sales through
provincial cannabis and liquor boards critical to TGOD’s success.
Under the partnership, Velvet will distribute TGOD’s premium
organic cannabis across all recreational adult use markets in Canada through
provincial liquor and cannabis boards. Velvet is a new company created by
Philippe Dandurand Wines, the largest wine distributor in Canada. Dandurand
established Velvet Management Inc. to focus on the sales and marketing of
cannabis brands. TGOD is Velvet’s first cannabis partner and will be exclusive
as a certified organic producer. TGOD will maintain responsibility for brand
marketing (http://ibn.fm/gNIJB).
“TGOD’s cannabis is a premium offering, the best experience
a consumer can receive,” Csaba Reider, president of TGOD, stated in a news
release. “When we began the search for a distribution partner, we wanted the
best – a partner with significant distribution capabilities and years of
excellence in selling premium alcohol and wine. In Velvet Management we have
found that partner.”
The Green Organic Dutchman’s operations are focused on
medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as
well as on the Canadian adult-use recreational market. The company is committed
to maintaining sustainable, all-natural methods to produce its organic
cannabis. Laboratory testing of products ensures that customers have a
consistent, safe and standardized product (http://ibn.fm/Rl1y1).
“This (supply partnership) is a pivotal step in our sales
and distribution strategy,” Mike Gibbons, TGOD’s vice president of sales, noted
in a news release. “Velvet will be a powerful partner with their knowledge of
the industry, extensive contacts, and second to none distribution capabilities.
We look forward seeing the tremendous success achieved by Dandurand in the wine
and alcohol industry translate to the cannabis sector.”
The company is committed to becoming the global leader in
organic cannabis. TGOD has a production capacity of 170,000 kg and is building
cultivation, research and development, and licensed dealer facilities in
Ontario and Quebec. The company’s 150,000-square-foot cultivation facility in
Ancaster, Ontario, expected to produce 14,000 kg of high quality organic
cannabis annually, is on track for completion in the first quarter of 2019.
TGOD has also made international investments in Jamaica, Mexico
and Europe. In October, the company announced its acquisition of HemPoland, a
leading manufacturer and marketer of premium CBD oils in Europe. The
acquisition provides immediate revenue, as well as access to HemPoland’s
significant distribution network, state-of-the-art hemp oil extraction
technology, premium top-selling Cannabigold brand and Europe’s hundreds of
millions of potential customers (http://ibn.fm/giSNR).
TGOD’s partner in Jamaica, Epican, is expected to have five
operating dispensaries by the first quarter of 2019, including a flagship
outlet in Kingston that opened in July. Cultivation on newly leased property
will bring the company’s Jamaican production capacity to 14,000 kg, much of
which will be exported to global markets as TGOD-branded products (http://ibn.fm/d4NUC). In
addition, a strategic joint venture between TGOD and LLACA Grupo Empresarial
will give the company potential access to points of sale in 4,500 pharmacies
and 3,100 supermarkets throughout Mexico.
For more information, visit the company’s website at www.TGOD.ca
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