Update on Valleyfield Transition - Health Canada licence successfully transferred to Cannara Biotech (Valleyfield) Inc.
- TGOD to offer locally grown premium quality cannabis for the Quebec market
- Executional excellence and cost discipline driving transformation
TORONTO, Sept. 27, 2021 /PRNewswire/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (CSE: TGOD) (US-OTC: TGODF), a leading producer of premium certified organically grown cannabis, is pleased to provide an operational update on its wholly owned Quebec subsidiary Medican Organic Inc. ("Medican")
TGOD has reached another milestone in its plan to drive the Company forward as it enters its next phase of growth. Under a service agreement reached with Cannara Biotech (Valleyfield) Inc. ("Cannara"), Medican will provide services in one growing zone to produce TGOD's premium certified organic cannabis in Valleyfield, Quebec in the near future, under the facilities' licence as it was successfully transferred to Cannara. Additionally, TGOD's 2.0 products will continue to be manufactured in approximately 50,000 square feet in Valleyfield.
"We are pleased with this transition as it enables us to concentrate on growing our business without disruption," commented Sean Bovingdon, TGOD's CEO and Interim CFO. "Quebec is an important market for TGOD. Our products are highly sought after, making us one of the top sellers in the province. We look forward to building on that success by providing Quebec with locally-grown products, as demand continues to increase," added Bovingdon.
About The Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. (CSE: TGOD) (US–OTC: TGODF) is a premium certified organically grown cannabis company focused on the health and wellness market. Its organic cannabis is cultivated in living soil, as nature intended. The Company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. Its Canadian facilities have been built to LEED certification standards and its products are sold in recyclable packaging. In Canada, TGOD sells dried flower and oil, and recently launched a series of next–generation cannabis products such as hash, vapes, organic teas and dissolvable powders. Through its European subsidiary, HemPoland, the Company also distributes premium hemp CBD oil and CBD-infused topicals in Europe. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale.
TGOD's Common Shares and Warrants issued under the indentures dated December 19, 2019, June 12, 2020, October 23, 2020 and December 10, 2020 trade on the CSE under the symbol "TGOD", "TGOD.WS", "TGOD.WR", "TGOD.WA", and "TGOD.WB" respectively. TGOD's Common Shares trade in the US on the OTCQX under the symbol "TGODF". For more information on The Green Organic Dutchman Holdings Ltd., please visit www.tgod.ca.
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