TGOD stock is having a great trading session Friday after The Green Organic Dutchman (TSX:TGOD) (OTCQX:TGODF) announced that a second Jamaican retail store will open on May 4, 2019, in tourist destination Montego Bay.
Opening of Montego Bay Store
The Green Organic Dutchman is opening the marijuana store in partnership with Epican Medicinals, a company that it owns 49% of its interest. The famous Montego Bay is a prime location because of the frequent tourists that pass through the strip. This will be a second retail outlet that Epican Medicinals will be opening, having opened the first last year in Epican’s Herb House in Kingston.
The two companies are planning to add more retail stores in the future.
TGOD stock is up over 4%, selling for $4.41 CAD at the time of writing.
Brian Athaide, the CEO of The Green Organic Dutchman, in a statement indicated that the Epican store in Montego Bay is a prime and well-designed place that is strategically located to serve visiting patients and locals with premium organic marijuana products. He added that the Kingston outlet has witnessed tremendous sales that have set the stage for the opening of Epican Herb House as a tourist hub in Jamaica.
Besides the retail outlets, Epican already has a cultivation license and it is in the process of expanding its greenhouse facility to produce products distributed globally.
The Green Organic Dutchman considers Jamaica to be part of its international strategy and recently its HemPoland polish subsidiary was awarded organic certification from the Agriculture and Rural Development Ministry.
In March back in Canada, the company began to officially sell organic medical marijuana to The Growers Circle member patients through an app and website. Currently, the company is working on the construction of a larger scale facility in Hamilton, Ontario.
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