Green Or­ganic to JV for Mex­i­can med­i­cal pot mar­ket

Stockwatch Daily - - CONSUMER GOODS - Mr. Cs­aba Rei­der re­ports

THE GREEN Or­ganic Dutch­man Hold­ings Ltd. has en­tered into a strate­gic joint ven­ture with LLACA Grupo Em­pre­sar­ial to cre­ate a 50/50-owned com­pany to en­ter the medic­i­nal cannabis mar­ket in Mex­ico. With this part­ner­ship, the com­pany con­tin­ues the ex­pan­sion of its in­ter­na­tional port­fo­lio, with sales and op­er­a­tions in mul­ti­ple coun­tries and con­ti­nents around the world.

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.

LLACA will fa­cil­i­tate the im­por­ta­tion, regis­tra­tion and strate­gic dis­tri­bu­tion of TGOD-branded or­ganic cannabis and hemp-de­rived med­i­cal prod­ucts into the Mex­i­can mar­ket. LLACA has many years of dis­tri­bu­tion ex­pe­ri­ence in Mex­ico, op­er­at­ing a sig­nif­i­cant ware­house net­work that pro­vides 100-per­cent cov­er­age within the coun­try. This dis­tri­bu­tion net­work meets all tech­ni­cal re­quire­ments of the Mex­i­can Min­istries of Health and Fi­nance to sell nar­cotics and nu­traceu­ti­cals.

“This part­ner­ship com­bined with the re­cently pro­posed reg­u­la­tions for the Mex­i­can medic­i­nal cannabis mar­ket pro­vides TGOD with a sig­nif­i­cant first-mover ad­van­tage, at scale,” said Brian Athaide, chief ex­ec­u­tive of­fi­cer of TGOD. “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.”

Be­yond dis­tri­bu­tion, the joint ven­ture will give the com­pany full ac­cess to LLACA’s strate­gic ser­vices, in­clud­ing dis­tri­bu­tion, ware­hous­ing, prod­uct regis­tra­tions, reg­u­la­tory rep­re­sen­ta­tions and au­tho­rized clin­i­cal tri­als. These ser­vices are used by sev­eral in­ter­na­tional and na­tional phar­ma­ceu­ti­cal com­pa­nies.

“The Mex­i­can pop­u­la­tion is ap­prox­i­mately 125 mil­lion peo­ple, or roughly 3.5 times the size of Canada’s pop­u­la­tion. We are thrilled to es­tab­lish a pres­ence in Latin Amer­ica through Mex­ico with this strate­gic part­ner­ship,” said Cs­aba Rei­der, Green Or­ganic’s pres­i­dent. “This part­ner­ship with LLACA aligns us with an ex­pe­ri­enced com­mer­cial leader in a key strate­gic mar­ket. This is an ex­cit­ing step in TGOD be­com­ing the global leader in pre­mium, or­ganic cannabis.”

“We are pleased to be part­ner­ing with TGOD,” said Ale­jan­dro Perea, med­i­cal cannabis com­mer­cial­iza­tion di­rec­tor of LLACA. “We re­spect TGOD’s or­ganic prin­ci­ples, which will serve well in the med­i­cal mar­ket in Mex­ico. We like their for­ward-think­ing man­age­ment and are ex­cited about the brand. We ex­pect that the Mex­i­can mar­ket is ready for the or­ganic cannabis story.”

About The Green Or­ganic Dutch­man Hold­ings Ltd.

The Green Or­ganic Dutch­man Hold­ings is a pre­mium global or­ganic cannabis com­pany, with op­er­a­tions fo­cused on med­i­cal cannabis mar­kets in Canada, Europe and Latin Amer­ica and the soon to be le­gal Cana­dian adult-use mar­ket. The com­pany grows high-qual­ity, or­ganic cannabis with sus­tain­able, all-nat­u­ral prin­ci­ples. Its prod­ucts are lab­o­ra­tory tested to en­sure pa­tients have ac­cess to a stan­dard­ized, safe and con­sis­tent prod­uct. It has a fi­nanced ca­pac­ity of 170,000 kilo­grams and is build­ing 1,382,000 square feet of cul­ti­va­tion fa­cil­i­ties across On­tario, Que­bec and Ja­maica.

We seek Safe Har­bor.

(TGOD) Shares: 252,507,997

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.