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The Green Organic Dutchman (TGOD) has announced that it has signed an agreement to acquire 100 % of HemPoland. 

HemPoland is a European manufacturer of organic CBD oils that was the first company in Poland to obtain a state licenses for CBD extraction. 

TGOD will pay CAD$10.2 million in cash and 1,968,323 in restricted TGOD share currently worth CAD$10.2 million. There is also contingent consideration of up to 3,047,722 shares of TGOD worth CAD$15.8 million based on delivery of CAD$42.1 million EBITDA in the 2021 fiscal year. 

TGOD will invest another $13.5 million in HemPoland to fund product development, R&D, drug development and continue global expansion. 

Source: https://www.newcannabisventures.com/tgod-to-invest-35-million-to-acquire-and-expand-european-cbd-company-hempoland/

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