- The
Green Organic Dutchman is building on a series of agreements to scale up
its cannabis production operations in Canada, Jamaica, Europe and Latin
America
- The
Company’s first crop goes on sale soon to an exclusive loyalty group of
patients and investors
- The
Dutchman’s production strategy envisions 80,000 kilograms of cultivation
by the end of this year en route to 219,000-kilogram buildout by 2021
- The
company’s focus is on a premium organic brand built to high standards of
environmental friendliness
Canada’s prime mover efforts to legalize the use of cannabis
nationwide, not only as a medicinal substance but also as a wellness-enhancing
consumable and a recreational drug, has made it a fertile field for
entrepreneurial innovation and a friend to innovative business operations such
as The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) – an
Ontario-based producer of 100 percent-certified organic cannabis with an
expanding footprint.
The Green Organic Dutchman, also known simply by its ticker,
‘TGOD’, was described by cannabis news outlet The Motley Fool last
year as one of Canada’s top seven marijuana growers, thanks largely to the
company’s plans to produce some 200,000 kilograms (about 440,000 pounds) in
annual yield when it reaches full capacity. While construction of its almost
1.7 million square feet of cultivation facilities across Ontario, Quebec, and
Jamaica (http://ibn.fm/YjquT)
continues, TGOD has been cultivating in Ontario on a small scale since 2016 and
began delivering its first commercial crop to an exclusive loyalty pool of
patients and investors this month (http://ibn.fm/FDD5c).
The first phase of construction at the Ontario site is
expected to be complete during the second quarter of this year, establishing an
enclosed facility capable of producing 2,000 kilograms of cannabis. The company
will then continue, with a hybrid facility capable of 14,500 kilograms expected
to be completed in Q2 as well. At the Quebec site, which will reach 185,000
kilograms of organic cannabis at buildout, the first cultivation is expected in
the fourth quarter of this year.
When the company’s purpose-built hybrid greenhouses are
complete, they will stand as a testament to the Dutchman’s commitment to
minimizing its environmental impact. They are expected to be among the largest
LEED (Leadership in Energy and Environmental Design) system-certified facilities
in the world and will also be completed to European Union good manufacturing
practice (“eGMP”) standards in anticipation of expansion into that market.
TGOD has chosen to reject irradiation of its product — a
process that can extend the shelf life of foods, but also one that adversely
affects the terpenes in cannabis that are responsible for scent and flavor.
Likewise, the company uses carbon dioxide rather than solvents or additives to
extract oils from cannabis with minimal environmental impact.
Earlier this month, TGOD announced an agreement to supply
cannabis to the Ontario Cannabis Retail Corporation (“OCRC”), the latest in a
series of ventures that include product distribution in Denmark, Jamaica,
Mexico and Poland. The OCRC is the only legal online store for recreational
cannabis in Ontario and will also become the provincial wholesaler of cannabis
for private retail stores once the regulatory framework is in place this
spring.
A run-rate timeline published by the company shows that it
expects to go from producing over 20,000 kilograms of cannabis by the third
quarter of this year to more than 80,000 kilograms by the fourth quarter, and
then to 219,000 kilograms by the third quarter of 2021 (http://ibn.fm/QTjgn).
TGOD’s agreement with global power management company Eaton
Corp. is also enabling it to increase its revenue margins, because Eaton is
providing TGOD with some of the lowest electricity input costs in the business
as part of a research and optimization project that Eaton is using to advance
its profile in cannabis growing power management and lighting on a global
scale. The agreement is one more example of the Dutchman’s foresight in
executing productive partnerships to establish a low-cost, high-quality product
that will benefit the consumer.
For more information, visit the company’s website at www.TGOD.ca
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