trending Market Intelligence /marketintelligence/en/news-insights/trending/zramhyatx6vxkw_ax2vkta2 content esgSubNav
In This List

Green Organic to form 50/50 joint venture to enter Mexican cannabis market

Blog

Insight Weekly: US stock performance; banks' M&A risk; COVID-19 vaccine makers' earnings

Blog

Global M&A By the Numbers: Q3 2021

Blog

Post-webinar Q&A: Global Credit Risk Trends 2021 and Beyond

Blog

University Essentials: From Crisis to Resilience – Navigating Sustainable Recovery


Green Organic to form 50/50 joint venture to enter Mexican cannabis market

The Green Organic Dutchman Holdings Ltd. entered a joint venture with LLACA Grupo Empresarial to create an equally owned new company for entering the medicinal cannabis market in Mexico.

The Canadian medical cannabis producer said LLACA has access to distributors with commercialized pharmaceutical and over-the-counter products and will facilitate the import, registration and strategic distribution of the company's organic cannabis and hemp-derived medical products into the Mexican market.

The joint venture will give Green Organic full access to LLACA's strategic services, including distribution, warehousing, product registrations, regulatory representations and clinical trials.

Green Organic's CEO, Brian Athaide said in a statement, "this partnership combined with the recently proposed regulations for the Mexican medicinal cannabis market provides TGOD with a significant first mover advantage, at scale."

Athaide said the venture is key to the company's strategy of exporting its products produced in Jamaica and Poland, and soon from Canada and Denmark, to the global markets.