The Green Organic Dutchman Launches Global Hemp Division

The Green Organic Dutchman [stock_market_widget type="inline" template="generic" color="default" assets="TGOD.TO" markup="(TSX: {symbol} {currency_symbol}{price} ({change_pct}))" api="yf"] has launched a global strategic hemp division in a bid to capitalize on a market forecast to hit $22 billion by 2022.

The firm purchased European producer HemPoland in 2018 and it has been tying up distribution deals for CBD wellness products across the continent ever since. Its new global division will build on that experience within the European CBD trade and target new markets around the world.

Its initial focus will be on initiatives in Germany, the U.S., Canada, Poland, Jamaica, and Mexico. The division will provide TGOD’s international partners with genetics, training, regulatory insights, and advisory support as it aims to fuel CBD sales growth in international markets.

HemPoland has been in operation since 2014, and it has experience in commercial extraction, research, and new product development. “Our team has years of direct hands-on experience in the CBD space and we are excited to use this advantage to execute on a fast-moving market expansion strategy,” said TGOD chief executive Brian Athaide.

He believes that CBD has a natural alignment with TGOD’s certified organic positioning due to its wellness cues, and he feels the firm is perfectly poised to tap into the trend. “The time to act is now, and TGOD has the team, the infrastructure and the capital to establish a significant presence in this market,” added Athaide.

HemPoland saw revenue grow 30% sequentially during its last reporting period, and it has already signed a distribution agreement with leading German pharmaceutical distributor Mediakos.

TGOD is licenced by Health Canada to produce hemp on a 158-acre organic plot in Southern Ontario. Planting is underway and the first crop is expected within the next 12 weeks.

Athaide called hemp “an incredible crop” and said TGOD plans to create tinctures, oils, vapes, beverages, edibles, and topicals. It will produce 50,000 kg per year in Canada and supplement this with further hemp sourced from organic cultivators.

It has contracts in place with extraction specialists Valens GroWorks and Neptune Wellness Solutions to produce the derivatives it plans to flood the market with.

Elsewhere, TGOD aims to enter the U.S. market with hemp-based CBD drinks. The firm has a planned capacity of 219,000 kg of organic cannabis flower on an annualized basis, and it is building out 1,643,600 sq. ft. of cultivation space and processing facilities across Ontario, Quebec, Jamaica, and Denmark.

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TGOD was a market awareness client of Capital 10X.

The opinions provided in this article are those of the author and do not constitute investment advice. Readers should assume that the author and/or employees of Capital 10X hold positions in the company or companies mentioned in the article. For more information, please see our Content Disclaimer.

Martin Green is an experienced journalist with a strong focus on the cannabis, alcohol, and gambling industries. He is particularly interested in the political issues affecting the global marijuana trade, and he has a keen focus on regulation changes and legal topics. He holds a BA English Literature, MA Creative Writing and a National Qualification in Journalism diploma. He has worked in journalism since 2009 and written for a broad range of newspapers, business titles and magazines, including The Sun, The Metro, The Journal, Livestrong, Drinks Retailing News, Harpers, Sportsbook Review, Vital Football, Essex Live and Surrey Live. Address: 682 Indian Road, Toronto, Ontario, M6P 2C9. Phone: 416-721-8257.
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