- Marks TGOD's entry into Canada's recreational market
- Launching with Ontario-grown dried flower of its flagship
strain: Unite Organic
- Serving market demand for premium organic cannabis, an
underserved segment
TORONTO, Aug. 16, 2019 /CNW/ - The Green Organic Dutchman
Holdings Ltd. (the "Company" or "TGOD") (TSX:TGOD)
(US:TGODF), a leading producer of premium certified organic
cannabis, is pleased to announce that it has completed its
inaugural shipment to the Ontario Cannabis Store, marking the
Company's entrance into Canada's
recreational market. Ontario
consumers will soon be able to experience TGOD's acclaimed Unite
Organic dried flower, the Company's high THC signature strain,
which will be available on www.ocs.ca as well as at select retail
locations across the province.
"We are thrilled to introduce Unite Organic dried flower to
Ontario adult consumers.
Launched earlier this year with our Grower's Circle, Unite Organic
was highly praised by medical patients. Our small pilot
confirmed that market demand for premium certified organic cannabis
exceeds available supply," commented Brian
Athaide, CEO of TGOD. "Today's milestone gets us one
step closer to achieving our vision of becoming the world's leading
brand for premium certified organic cannabis in both medical and
recreational segments. We look forward to continuing to
expand our distribution network as we ramp up production in the
months ahead."
In a recent study conducted by Hill & Knowlton, over 50% of
recreational consumers stated that it is important that their
cannabis be organic. TGOD's cannabis is grown in the Company's
proprietary living soil, in accordance with all-natural principles
and without irradiation. The Company's growing process is also
certified organic by both Pro-cert and ECOCERT, two leading organic
certification bodies, providing consumers with a safe, consistent,
and enjoyable cannabis experience.
Initially available to a small group of medical patients called
the Grower's Circle, TGOD recently opened sales to medical patients
across the country. The Company has also signed supply agreements
with Alberta and British Columbia.
About The Green Organic Dutchman Holdings Ltd.
The
Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US: TGODF) is a
publicly traded, premium global organic cannabis company, with
operations focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin
America, as well as the Canadian adult-use market. TGOD also
has organic hemp CBD oil operations in Canada, and through its wholly owned
subsidiary HemPoland distributes premium hemp CBD oil in the EU.
The Company grows high quality, certified 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 planned capacity of 219,000 kgs and
is building 1,643,600 sq. ft. of cultivation and processing
facilities across Ontario,
Quebec, Jamaica and Denmark.
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 on The Green Organic Dutchman Holdings
Ltd., please visit www.tgod.ca.
Forward-Looking Information Cautionary Statement
This news release includes statements containing certain
"forward-looking information" within the meaning of applicable
securities law ("forward-looking statements"). Forward looking
statements in this release includes, but is not limited to,
statements about the availability of the Company's products
at the Ontario Cannabis Store or other retailers, plans to offer
certain products to various provinces, statements about future
production capacity, statements about the receipt of any regulatory
permits or licences, statements about the offering of any
particular products by the Company in any jurisdiction and
statements regarding the future performance of the Company.
Forward-looking statements are frequently characterized by words
such as "plan", "continue", "expect", "project", "intend",
"believe", "anticipate", "estimate", "may", "will", "potential",
"proposed" and other similar words, or statements that certain
events or conditions "may" or "will" occur. These statements are
only predictions. Various assumptions were used in drawing the
conclusions or making the projections contained in the
forward-looking statements throughout this news release.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made and are subject
to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from
those projected in the forward-looking statements. The Company is
under no obligation, and expressly disclaims any intention or
obligation, to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as expressly required by applicable law.
Neither TSX nor its Regulation Services Provider (as that
term is defined in the policies of Toronto Stock Exchange) accept
responsibility for the adequacy or accuracy of this
release.
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SOURCE The Green Organic Dutchman Holdings Ltd.