The Canadian cannabis company is boosting cultivation and opening retail dispensaries on the island nation
() (OTCQX:TGODF) said Friday that it is forging ahead with plans to grow its business in Jamaica.
Since the Canadian cannabis company acquired a 49.18% stake in the Jamaican cannabis company Epican last June, it has made considerable advances in boosting cultivation and opening retail dispensaries in the Caribbean country.
“We have made incredible progress in Jamaica over the past eight months,” said Brian Athaide, CEO of The Green Organic Dutchman, in a statement. “We plan to continue opening stores throughout the country, increasing productive capacity, and expanding our leadership in Jamaica.”
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On the list of Epican’s achievements in Jamaica are its recent testing of medical cannabis vending machines, which include thumbprint scanners that make sure cannabis is sold only to registered patients.
The company has also leased a 100-acre parcel of land in Trelawny Parish, where land clearance is underway to increase production to a point where a 14,000 kg operation is achieved.
Epican’s flagship retail store opened last July in Kingston and has seen consistent sales growth. A café is also slated to be opened next to the Kingston store that will play host to cannabis-themed events such as Puff and Paint and Cannabis Yoga.
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The Green Organic Dutchman says Epican’s retail presence will continue apace, with stores set to open in Montego Bay and Negril.
In other news, Epican is pursuing Good Manufacturing Practice (GMP) certification at its Kingston lab to pave the way for global exporting. It’s also spearheading a pilot program for a prescription delivery service for registered medical patients that it would like to expand if it’s successful.
The Green Organic Dutchman shares slipped 0.8% to C$3.68 in Canadian trade on Friday afternoon.
Contact Ellen Kelleher at [email protected]
