- 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://nnw.fm/K4DkE).
“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://nnw.fm/Z5Pi0).
“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://nnw.fm/VwlI9).
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://nnw.fm/36SHc). 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
More from NetworkNewsWire
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization 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. 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