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 culture.aseancoverage.com

Indonesia leader to free radical cleric behind Bali bombings

Jan 21, 2019

JAKARTA, Indonesia — The ailing 80-year-old radical cleric who inspired the Bali bombers and other violent extremists in Indonesia will be released from prison, Indonesia's president said Friday, slashing a 15-year sentence. The announcement of Abu Bakar Bashir's imminent release came during campaigning for a presidential election due in April in which opponents of President Joko Widodo have tried to discredit him as insufficiently Islamic. "I have considered this decision for a long time, involving the National Police chief and legal experts," Widodo told reporters. "This release was decided because of humanitarian considerations and also related to his health care."...

China slump squeezes workers, hammers consumer spending

Jan 21, 2019

BEIJING — Yu Mingang had a good job helping Chinese manufacturers prepare to sell shares to the public until the cooling economy derailed those plans. As demand for auditing services sank, the 25-year-old accountant in the eastern city of Hangzhou was laid off in December. Yu tightened his belt: No more movies or eating out. He put off buying a computer. "I pay rent out of my savings," Yu said. The downturn is squeezing urban workers and entrepreneurs the ruling Communist Party is counting on to help transform China from a low-wage factory into a prosperous consumer market. Headline economic...

Malaysia says it won't host any more events involving Israel

Jan 21, 2019

PUTRAJAYA, Malaysia — Malaysia's foreign minister said Wednesday that the government will not budge over a ban on Israeli athletes in a para swimming competition and has decided that the country will not host any events in the future involving Israel. Malaysia, a strong supporter of the Palestinian cause, is among the predominantly Muslim countries that do not have diplomatic relations with Israel. The government has said Israeli swimmers cannot join the competition in eastern Sarawak state in July, which serves as a qualifying event for the 2020 Tokyo Paralympics. Foreign Minister Saifuddin Abdullah said the Cabinet affirmed last week...

Takeda corruption probe sullies 2020 Tokyo Olympics and IOC

Jan 21, 2019

TOKYO — Tsunekazu Takeda, the president of the Japanese Olympic Committee and a powerful IOC member, again denied corruption allegations against him, suggesting on Tuesday that any guilt was with others at the Japanese body. Takeda read a seven-minute prepared text and then took no questions from hundreds of media. Innocent or guilty in a bribery scandal that French authorities suspect helped land the games for Tokyo, the scandal has cast a shadow over the upcoming Olympics that open in 18 months. It also underscores failed efforts by the International Olympic Committee to clean up its bidding process with billions...

Heavy smog, worsened by weather, raises alarm across Asia

Jan 21, 2019

BANGKOK — Unusually high levels of smog worsened by weather patterns are raising alarm across Asia, with authorities in Thailand's hazy capital Bangkok handing out face masks and preparing to seed clouds for rain to clear the air. A combination of construction dust, auto exhaust and other pollutants, lingering over Bangkok due to prevailing weather patterns, has taken air quality to unhealthy levels in recent days. "I admit these are temporary solutions but we have to do it. Other long term measures will also be implemented, Police Gen. Aswin Kwanmuang told a meeting of army, police, pollution control and other...

AseanCoverage is a next-gen news site focusing exclusively on online news from South East Asia.

Contact us: sales[at]aseancoverage.com