The Green Organic Dutchman has go into into a definitive Agreement with Queen Genetics / Knud Jepsen to establish two 50/50 joint ventures ; the first for the design of producing commercial-grade ganja and cannabis oils and the second for get and patenting innovative and commercially worthful elect cannabis genetics . The parties will form both joint ventures in Denmark with a goal to expand the Production JV into future humble - cost European jurisdictions .
The Definitive Agreement adumbrate TGOD and Knud Jepsen ’s launching of a premium organic European bulk cannabinoid production weapons platform where TGOD will have the exclusive right to all cannabis - related product from the JV , through a guaranteed offtake accord at a pre - determined price relative to the yield cost of the JV . Further , the Production junior varsity will have sole entree to all intellectual property including elect cannabis genetic science uprise within the Genetics JV . Knud Jepsen will be responsible for the solar day - to - daylight operations of the JV and TGOD will leverage Knud Jepsen ’s years of horticulture experience and science and R&D division to accelerate commercial operation in Denmark and throughout Europe .
TGOD ’s severalize glide slope to organic cannabinoid production combined with Knud Jepsen ’s large - scale commercial horticultural and globally integrate seed - to - sale functioning will speed up TGOD ’s global initiatives . The European bulk cannabinoid yield political platform partner off with the Genetics JV will yield value - summate formulation and products for established European and external sale and distribution communication channel .
The first phase of the JV will lie in of a Hinnerup , Denmark ground 2,500 kg pilot program with the previously contemplated ( See June 27 , 2018 news discharge ) 25,000 kg of production in Denmark , shift to various lower price production legal power throughout Europe .
" This JV is incredibly crucial to furthering TGOD ’s presence in Europe , " commented Brian Athaide , Director and CEO of TGOD . " Knud Jepsen is a remarkable partner , having over 80 years of experience in R&D and cultivating plant life in billion of hearty foot . As we roll out multiple phase angle of our JV and project to increase the partnership to multiple state across Europe , leveraging Knud Jepsen ’s expertise as operators , and our expertness in cannabis will be critical to TGOD ’s expansion throughout the continent . The partnership will allow TGOD to focalize on building global sales and distribution television channel , develop proprietary and patentable IP , and furthering brand equity , " remain Athaide .
" We are thrilled to spouse with TGOD and officially enter the cannabis market with the signing of this classic understanding , " notice Frands Jepsen , Knud Jepsen ’s CEO . " 2,500 kg in Denmark is just the beginning , we will shift the proposed 25,000 kg to strategical European locations with low - price production and await to far outmatch that mental ability as we onboard extra production sites . We will leverage our orbicular business , consecrate stave , and 80 years of operating and R&D experience to become , with TGOD , the enceinte European producer of organic cannabis . "
