Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) this morning announced the launch of a global division focused on the beverage industry. Per the update, the company’s senior management team boasts over 125 years of combined beverage industry experience, including time with both international soft drink and alcoholic beverage companies in Canada and the United States. TGOD intends to leverage this experience to provide a strategic pathway into the cannabis market for large-scale beverage companies by way of direct investment, joint venture or other suitable opportunities. As part of a $55 million R&D budget for the new division, TGOD plans to develop a 40,000 sq. ft. state-of-the-art research and development center that includes space for product development and pilot manufacturing. “This launch allows us to engage larger beverage companies in a very unique manner as TGOD has the facilities, ingredients and the intellectual capabilities that make us a compelling choice,” Robert Anderson, CEO of TGOD, stated in the news release.
To view the full press release, visit http://cnw.fm/43odC
About the Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) 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, Ontario, 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 116,000 kg and is building 970,000 sq. ft. of cultivation facilities in Ontario and Quebec. For more information, visit the company’s website at www.TGOD.ca
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