Cannabis-focused research and development company The Green
Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) today announced that it
has received its medical sales license from Health Canada in accordance the
Access to Cannabis for Medical Purposes Regulations (“ACMPR”) for its Ancaster,
Ontario facility. “As we prepare for our Founders Club product launch in January
2019, this is a critical step in our path to becoming the global leading
organic cannabis brand,” Brian Athaide, CEO of The Green Organic Dutchman
Holdings, stated in the news release. “We have been perfecting our organic grow
methodology in Ancaster and are prepared for the Q1 launch to medical patients
across Canada followed by the launch in adult use markets in Q2.” Per the
update, company management believes TGOD is on track to gradually ramp up
production throughout 2019, targeting a run-rate capacity of 195,000 kgs of by
the end of 2019.
To view the full press release, visit http://ibn.fm/EDKN5
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 170,000 kg and is building
1,382,000 sq. ft. of cultivation facilities in Ontario, Quebec and Jamaica. The
Company has developed a strategic partnership with Aurora Cannabis Inc. (TSX:
ACB) whereby Aurora has invested approximately C$78.1 million for 20% offtake
from TGOD’s local production. In addition, TGOD has raised approximately C$350
million and has over 20,000 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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