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

More News From Enter Hollywood

Zhang Yimou's 'One Second' dropped from Berlin film festival

Feb 20, 2019

BEIJING — The latest film from famed Chinese director Zhang Yimou has been dropped from the Berlin film festival for what the festival described as technical reasons. A notice on the official Weibo microblogging service account for the movie "One Second" apologized but gave no details other than to say it was not possible to show the film at Berlin. The festival said the film was pulled because of "technical difficulties encountered during post-production." It said the movie would be replaced at its scheduled Friday and Saturday showings with Zhang's action epic "Hero," which premiered in 2002 at the Great...

Pat Cummins voted Australia's cricketer of the year

Feb 20, 2019

MELBOURNE, Australia — Fast bowler Pat Cummins won Australian cricket's highest individual honor on Monday for his performances during a year when the national team's results were overshadowed by bans for Steve Smith and David Warner following a ball-tampering scandal. Cummins won the Allan Border medal for Australia's leading men's cricketer with 156 votes, six ahead of off-spinner Nathan Lyon, who was voted test cricket player of the year. Alyssa Healy won the Belinda Clark award for the leading Australian women's cricketer of the year. Cummins took 44 wickets at an average of 25.61 across all formats during the 12-month...

South Korean women begin to resist intense beauty pressure

Feb 20, 2019

SEOUL, South Korea — As she pursued her dream of becoming a fashion model, veering for years between extreme dieting and overeating, Park I Seul realized she had a problem: She was not tall and skinny, like typical runway models, nor was she big enough to be a plus-size model. She also realized that the only way to meet South Korea's lofty beauty standards was for her to continuously deny who she truly is. So Park, 25, began calling herself a "natural size model" — a nearly unheard of term in South Korea — which she defines as someone with...

Australia into Davis Cup finals in Madrid

Feb 20, 2019

ADELAIDE, Australia — Australia won its Davis Cup qualifier against Bosnia and Herzegovina 4-0 to secure a spot in this year's 18-team final in Madrid. The Australian doubles pair of John Peers and Jordan Thompson defeated Mirza Basic and Tomislav Brkic 7-5, 6-1 on Saturday on hard courts at Memorial Drive to give the home side an unbeatable 3-0 lead. Alexei Popyrin, in his Davis Cup debut, followed with a 6-1 7-6 (2) victory over Nerman Fatic. The fifth match was not played. On Friday's opening day, John Millman and Alex de Minaur gave Australia its 2-0 lead. Millman defeated...

Now No. 1, Osaka wins majors to strains of Jay Rock's 'Win'

Feb 20, 2019

MELBOURNE, Australia — Like the 21-year-old she is, Naomi Osaka stepped into Rod Laver Arena for the Australian Open final with a cellphone in her right hand and music in both ears. The headphones she wore carried the swirling brass, bouncing beat and boastful lyrics of Jay Rock's "Win," the same pre-match song Osaka listened to throughout the tournament — and at last year's U.S. Open, too. "You might wanna keep score," the rapper says. "I win, win, win, win." Right now, that's how Osaka is living at tennis' most important events. Her championship at Melbourne Park, via a 7-6...

Sign up now!