- TGOD
recently received an oil sales license from Health Canada for its
Ancaster, Ontario, facility
- The
company’s state-of-the-art supercritical CO2 extraction system is capable
of processing ultra-pure, certified-organic cannabis oils
- TGOD’s
Unite Organic Cannabis Oil, derived from a high potency, THC-dominant
strain, is expected to be ready to ship in late April 2019
- The
company is targeting a potential market in Ontario and Quebec with 21.5
million residents and an estimated value of more than $2.6 billion
Cannabis company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX:
TGODF) has reached another milestone that supports the company’s
ambition of becoming the global leader in delivering premium organic cannabis
solutions to enhance people’s lives. TGOD recently announced that it is now
licensed to sell cannabis oils produced at its Ancaster, Ontario, facility,
which previously received an oil production license in April 2018. The oil
sales license and production license were both issued by Health Canada,
pursuant to the Cannabis Act, according to a news release (http://ibn.fm/58yr1).
“We are pleased to offer TGOD’s medical patients access to
new premium certified organic cannabis oils,” Brian Athaide, TGOD CEO, said in
the release. “In addition, this step will assist TGOD in transforming our
premium quality organic raw material into a variety of higher-margin cannabis
products which is core to our business plan, providing us with the opportunity
to bring to market innovative and novel products, including beverages and
edibles, once regulations permit. Cannabis 2.0 is rapidly approaching, and we
will be ready.”
TGOD’s oils will be as close to the original plant as
possible, including terpene profiles to realize entourage effects. The process
is easily customizable to create full-spectrum, strain-specific oils, as well
as oils of varying cannabinoid and terpene concentrations. TGOD Chief
Science Officer Dr. Rav Kumar noted in a release that the oil is
predominantly a medical product and patients want clean, organic efficacy with
safe and easy delivery.
TGOD produces farm grown, organic, pesticide-free medical
cannabis using all-natural, organic craft growing principles. These products
are laboratory tested to ensure that patients have access to a standardized,
safe and consistent product. TGOD is licensed under the Access to Cannabis for
Medical Purposes Regulations (ACMPR) to cultivate medical cannabis and has
positioned itself as one of the highest quality and most cost-efficient
cannabis producers in Canada by leveraging innovative technology and low-cost
power solutions (http://ibn.fm/ORqip).
“Through our certified organic product and process we know
we are providing patients the best possible experience,” Kumar added. In March,
the first group of patients enrolled in the TGOD’s Growers’ Circle received
access to purchase the company’s first certified organic cannabis strain
through its newly redesigned, award-winning website (http://ibn.fm/WcaTQ).
TGOD’s state-of-the-art supercritical CO2 extraction system
is capable of processing ultra-pure, environmentally friendly, organic cannabis
oils that are free of toxic solvents. The company’s oil extraction facility was
built to current Good Manufacturing Practices (cGMP) specifications, and work
is currently underway for European Union GMP (“EU-GMP”) certification, which
would allow TGOD to expand distribution of its certified organic cannabis oils
beyond Canada and into global markets.
Arcview Market Research, in partnership with BDS Analytics,
projects that the edibles market could be worth more than $4.1 billion in
Canada and the United States by 2022 (http://ibn.fm/RNW2f). Health Canada is finetuning
regulations for sales of cannabis-infused edibles, drinks, extracts and
topicals, which are expected to be allowed nationwide no later than October 17,
2019.
For more information, visit the company’s website at www.TGOD.ca
NOTE TO INVESTORS: The latest news and updates
relating to TGODF are available in the company’s newsroom at http://ibn.fm/TGODF
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