- TGOD is expanding into the global organic-hemp CBD market with its Global Strategic Hemp Division; the global CBD market is forecast to reach $22 billion in three years
- The company’s flagship Quebec facility received organic certification from Pro-Cert; the site is slated to reach more than 1.3 million square feet
- TGOD plans to enter the U.S. hemp-CBD beverage market through existing partnerships
The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) is entering the global hemp-CBD market by debuting its Global Strategic Hemp Division. The move will leverage the company’s expertise in the European hemp-CBD market across its established network of international partners (http://ibn.fm/DtLB0).
TGOD estimates that the global CBD market will reach $22 billion in less than three years. TGOD will move into the global sector as the demand for high-quality hemp-CBD products in Europe grows. In 2018, TGOD acquired HemPoland, which has an expanding footprint and distributor network across Europe. This move is expected to provide an advantage to market entry for TGOD.
“Our team has years of direct hands-on experience in the CBD space,” TGOD CEO Brian Athaide stated in a news release (http://ibn.fm/RZ0oF). “We are excited to use this advantage to execute on a fast-moving market expansion strategy.”
That strategy includes several initiatives, including expansion in Canada, Germany, Jamaica, Mexico, Poland and the United States. For its entry into the U.S. market, TGOD has developed a suite of hemp-CBD products, including CBD-infused beverages. The company’s approach enables TGOD to enter the American hemp-CBD market quickly and with a capital-light business model.
TGOD has also received organic certification from Pro-Cert for its Valleyfield, Quebec, facility. TGOD anticipates that, when completed, that location will reach 1.3 million square feet and become the largest organic cannabis greenhouse in the world (http://ibn.fm/3a20h). The company already has certified organic growing facilities in Europe and Canada.
TGOD noted that Pro-Cert’s certification programs are ISO 17065 compliant and accredited, offering global recognition and international access to the brands and products it certifies.
Toronto-based TGOD is a premium, global, organic-cannabis company with operations focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as the Canadian adult-use market. Through wholly owned subsidiary HemPoland, TGOD distributes premium hemp-CBD oil in the European Union.
For more information, visit the company’s website at www.TGOD.ca
NOTE TO INVESTORS: The latest news and updates relating to TGODF are available in the company’s newsroom at http://ibn.fm/TGODF