NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Enters JV Targeting Mexican Medicinal Cannabis Market

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://nnw.fm/8Gro9

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

More from NetworkNewsBreaks

NetworkNewsBreaks – First Cobalt Corp. (TSX.V: FCC) (OTCQX: FTSSF) Posts Corporate Video Featuring its Refinery NetworkNewsBreaks – CytoDyn Inc. (CYDY) Interim CMO to Present at 11th Annual Conference on Stem Cell and Regenerative Medicine NetworkNewsBreaks – FinCanna Capital Corp. (CSE: CALI) (OTCQB: FNNZF) Investee Adds Taxation Reporting Technology to its Proprietary Compliance Platform

About NetworkNewsWire

NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

To receive instant SMS alerts, text STOCKS to 77948

For more information please visit https://www.NetworkNewsWire.com

Please see full terms of use and disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer

NetworkNewsWire (NNW)
New York, New York
www.NetworkNewsWire.com
212.418.1217 Office
Editor@NetworkNewsWire.com

Latest News

Versace to Emporio: Men's looks shine, literally, in Milan

Jun 25, 2019

MILAN — Milan Fashion Week for spring/summer menswear previews has started with a slightly different rhythm, with many mainstays not showing this season. It is a sign of the times that fashion houses are seeking new ways to reach their audiences, and slotting menswear into womenswear shows by now is old hat. Gucci and Bottega Veneta are among the houses choosing that path, and skipping the June round of shows. And this year, Pitti Uomo in Florence got a boost as the chosen venue for Ferragamo, which normally shows in Milan, and Givenchy, which makes Paris its home. Prada went...

The Latest: Death toll rises to 19 in Danube tour boat crash

Jun 25, 2019

BUDAPEST, Hungary — The Latest on the fatal Danube River boating accident in Hungary's capital (all times local): 10:45 p.m. Hungarian police say the death toll from the tour boat that capsized and sank last week after colliding in Budapest with a cruise ship has risen to 19. Police said the bodies of a female South Korean tourist and one of the two Hungarian crewmen were recovered Thursday. Eight South Koreans and the other crew member are still missing. Only seven tourists aboard the Hableany (Mermaid) are known to have survived the May 29 crash. Efforts to lift the Hableany...

5 injured in Venice as cruise ship slams into tourist boat

Jun 25, 2019

VENICE, Italy — A towering, out-of-control cruise ship rammed into a dock and a tourist riverboat on a busy Venice canal on Sunday morning, injuring five people, officials said. The collision sparked new calls for placing restrictions on cruise ships in the famed city. The crash happened about 8:30 a.m. (0630 GMT) on the Giudecca Canal, a major thoroughfare that leads to St. Mark's Square in the northeastern Italian city. The MSC Opera cruise ship, apparently unable to stop, blared its horn as it slammed into the much smaller River Countess boat and the dock as dozens of people ran...

The Latest: Seoul says tourists did not wear life jackets

Jun 25, 2019

BUDAPEST, Hungary — The Latest on a boat that capsized in the Danube River in Budapest with 33 South Korean tourists (all times local): 7:50 a.m. South Korean Foreign Ministry says South Korean tourists in the deadly boat collision in Budapest weren't wearing life jackets. Officials in Seoul say seven South Korean tourists are dead and 19 others remain missing after their sightseeing boat collided with a larger cruise ship and capsized Wednesday night in the Danube River. Seven South Koreans have been rescued. The Foreign Ministry says South Korean diplomats in Hungary have learned the tourists did not put...

Venice Biennale invites heavy thinking on political issues

Jun 25, 2019

VENICE, Italy — Fake news. Migration. Poverty. Global warming. Armed conflict. Political issues that excite newsprint, the airwaves and social media are getting a very open airing at the 58th Venice Biennale contemporary art fair, like so much laundry hung out to dry in the lagoon breeze. American curator Ralph Rugoff, director of London's Hayward Gallery, titled the main exhibition "May You Live in Interesting Times," which opens Saturday and runs through Nov. 24. The title is itself an exemplary piece of fake news, delivered by a British lawmaker as Europe hurled toward World War II as an ancient Chinese...

Sign up now!

The Healthier Web delivers accurate and up-to-date health information through medical content and insights from experts. Feel the ‘ohm’ here in The Healthier Web.

Contact us: sales[at]thehealthierweb.com