The Green Organic Dutchman Holdings (TSX:TGOD) announced a joint venture for the creation of a new company set to enter the Mexican medical cannabis market.
As quoted in the press release:
The Green Organic Dutchman Holdings is pleased to announce it 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, TGOD 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.
Click here to read the full press release.
The post TGOD Creates Joint Venture for Mexican Medical Cannabis Company appeared first on Investing News Network.