The Green Organic Dutchman

The Green Organic Dutchman Holdings Ltd. (TGOD), a licensed producer of medical cannabis in Canada, is making moves on the organic hemp market. On August 21, 2018, the company announced that it had entered into an agreement to acquire HemPoland, a European manufacturer and marketer of organic hemp-based CBD oils, for $7.75 million. The acquisition will allow TGOD to access to HemPoland’s Cannabigold brand, hemp oil extraction technologies, and will help the company gain a strategic foothold in the European market. Upon closing of the acquisition, the company plans to invest an additional $10.3 million into HemPoland to help fund product development, R&D, drug development, and global expansion.

 

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