The Green Organic Dutchman (OTC: TGODF) announced on June 6th their new strategic investment into a beverage industry division with a focus on operating within the global scale.
The new division will be built under a $55 million research and development budget. This will be the first phase for the construction and design of a novel and proprietary cannabis infused beverage brands.
The division, built within Green Organic’s 72-acre property, will consist of a 40,000 sq. ft. research and development center with the addition of a space for product development.
The Hemp cannabidiol (CBD) industry is expected to grow to $1 billion by 2020 according to the leading experts of market research at the research firm Brightfield Group.
On the date of this announcement, on June 6th, the value of TGODF has increased by 3.64% after five hours of market trading.
Over the last five days TGODF has increased in value by 46.85%.
Read more about expansion within the cannabis industry with Cannin News.