• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Cannabis Market
    Cannabis News
    Cannabis Stocks
    • Cannabis Market
    • Cannabis News
    • Cannabis Stocks
    cannabis investing

    TGOD Set to Acquire European CBD Company

    Bryan Mc Govern
    Aug. 21, 2018 09:08AM PST
    Cannabis Investing News

    The Green Organic Dutchman Holdings announced an agreement to acquire European manufacturer and marketer of premium organic CBD oils, HemPoland.

    The Green Organic Dutchman Holdings (TSX:TGOD) announced an agreement to acquire European manufacturer and marketer of premium organic CBD oils, HemPoland.

    As quoted in the press release:

    This strategic acquisition provides access to HemPoland’s vast distribution network, premium Cannabigold brand, state-of-the-art hemp oil extraction technologies, and provides a strategic pathway into the European market for TGOD’s medical & recreational products and licensing deals.

    The financial terms of the transaction are US$7.75 million (CAD$10.2 million) cash and 1,968,323 restricted TGOD shares currently worth US$7.75 million (CAD$10.2 million), which will be escrowed for a term of three years from closing. In addition, there is contingent consideration of up to 3,047,722 shares of TGOD currently worth US$12 million (CAD$15.8 million) based on delivery of US$32 million (CAD$42.1 million) EBITDA in the 2021 fiscal year. TGOD will invest a further US$10.3 million (CAD$13.5 million) in HemPoland to fund product development, R&D, drug development and continue global expansion initiatives.

    “HemPoland is a key component to a number of strategic acquisitions and planned partnerships focused on expanding our global distribution network. This acquisition will significantly add to the Company’s top and bottom line,” said Brian Athaide, CEO of TGOD. “Gaining market share with CBD products now, in the EU, with over 700 locations allows TGOD to establish immediate brand awareness across all verticals including infused beverages. This is an accretive acquisition and gateway to Europe’s 750 million people accelerating our plan of becoming the world’s largest organic cannabis brand,” continued Athaide.

    Click here to read the full press release.

    Source: globenewswire.com

    cannabis investingtsx:tgodbrian athaideeurope
    The Conversation (0)

    Go Deeper

    AI Powered
    Person touching a cannabis plant; Australia map in flag colours.

    ASX Cannabis Stocks: 10 Biggest Companies in 2025

    Cannabis Investing

    Cannabis Big News Roundup: CanadaBis Capital Acquires Retail Location; Lifestyle Delivery Systems Inc. to Amalgamate with TransCanna; BevCanna Awarded Health Canada Industrial Hemp Cultivation License

    Latest News

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Cannabis Investing News Stocks

    extractX

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×