Cannabis-focused research and development company The Green
Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) this morning
announced its decision to add a 287,245 sq. ft. purpose-built facility on its
Valleyfield property capable of producing 40,000 kg of premium organic
cannabis. Per the update, this new facility will be dedicated to the company’s
beverage division, and it will increase TGOD’s fully-funded capacity to 170,000
kg. TGOD intends to use excess cash raised in its IPO and subsequent bought
deal financings to fund the construction of this new facility. “With the
legalization of cannabis announced on June 20th, and Premier Justin Trudeau
setting the legalization date of October 17th, the path is paved. The time is
now to dedicate infrastructure, services and expertise to developing
proprietary products,” Csaba Reider, president of TGOD, stated in the news
release. “This is just another step for TGOD in its business plan of creating a
distribution hub for large-scale beverage and edible products which can be
introduced in Canada and internationally… We believe that the beverage and
edible market will be the largest single segment of the cannabis market.”
To view the full press release, visit http://ibn.fm/HB1kM
About the Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. is a research &
development company licensed under the Access to Cannabis for Medical Purposes
Regulations (“ACMPR”) to cultivate medical cannabis. The company carries out
its principal activities producing cannabis from its facilities in Ancaster,
Ont., pursuant to the provisions of the ACMPR and the Controlled Drugs and
Substances Act (Canada) and its regulations. The company grows high quality,
organic cannabis with sustainable, all-natural principles. TGOD’s products are
laboratory tested to ensure patients have access to a standardized, safe and
consistent product. TGOD has a funded capacity of 116,000 kg and is building
970,000 sq. ft. of cultivation facilities in Ontario and Quebec. The company
has developed a strategic partnership with Aurora Cannabis Inc. (TSX: ACB)
whereby Aurora has invested approximately C$78.1 million for an approximate
17.5% stake in TGOD. In addition, the company has raised approximately C$315
million dollars and has over 5,000 shareholders. TGOD’s Common Shares and
warrants issued under the indenture dated November 1, 2017 trade on the TSX
under the symbol “TGOD” and “TGOD.WT”, respectively. For more information,
visit the company’s website at www.TGOD.ca
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