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UNITED STATES NEWS WIRE SERVICES
The Green Organic Dutchman Holdings Ltd. (the
“Company” or “TGOD”) (TSX:TGOD) (US:TGODF) is pleased to announce
that, effective April 20, 2018, the Company has been granted
a supplemental license from Health Canada for the production of
cannabis oils.
The Company produces its cannabis oil using
a supercritical CO2 extraction system, capable of processing up to
6,600 kg / year into ultra-pure, environmentally friendly, organic
cannabis oils. The process is free of toxic solvents and does not
require any winterization protocol. This innovative process
produces the highest-quality cannabis oils in the world.
Giving concentrate makers control over the
process provides access to cannabinoids within the plant in
addition to tetrahydrocannabinol (THC) and cannabidiol (CBD).
The result of this specialized extraction process is a precisely
concentrated, aromatic golden-brown oil that is as close to the
original plant composition as can be achieved.
“The extraction process allows TGOD to transform
our premium quality organic raw material into a variety of premium
higher-margin cannabis products. This is an important milestone in
our path and commitment to providing users with alternative, more
convenient and dose-controlled consumption methods.
“This license is instrumental in driving our
research & development forward through product innovation,
discovery of novel traits, and expanding our intellectual property
portfolio. With over 125 years of consumer packaged goods
experience, TGOD is well-positioned to be the world leader in the
organic cannabis industry, providing a range of safe, consistent,
high quality organic products,” said Robert Anderson, TGOD’s
Co-Chairman and CEO.
“Our oils will be as close to the original plant
as possible, including terpene profiles to realize entourage
effects. Our process is easily customizable to create full-spectrum
strain-specific oils, as well as oils of varying cannabinoid and
terpene concentrations,” said Anderson.
TGOD’s laboratory was built to GMP (Good
Manufacturing Practices) specifications, and work is currently
underway for European Union GMP certification. Patrick Baker,
Extraction Technician, will be heading up the Company’s extraction
facility. Mr. Baker has a B.Sc. Biology and Chemistry (Honours)
with an emphasis on radiochemistry, and synthetic organic
chemistry.
On Behalf of the Board of Directors,
The Green Organic Dutchman Holdings Ltd. Robert Anderson Chief
Executive Officer and Co-Chairman
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 116,000 kg and is building 970,000
sq. ft. of cultivation facilities in Ontario and Quebec.
The Company has developed a strategic
partnership with Aurora Cannabis Inc. (TSX:ACB) whereby Aurora
invested approximately $78.1 million investment for an approximate
17.5% stake in TGOD. In addition, the Company has raised
approximately $290 million dollars and has over 5,000
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.
CONTACT INFORMATION
Investor Relations Email: invest@tgod.ca Phone: 1 (416)
900-7621
www.tgod.ca
No securities regulatory authority has either
approved or disapproved of the contents of this news release. The
securities of TGOD have not been and will not be registered under
the United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws. Accordingly, the
securities of TGOD may not be offered or sold within the United
States unless registered under the U.S. Securities Act and
applicable state securities laws or pursuant to exemptions from the
registration requirements of the U.S. Securities Act and applicable
state securities laws. This news release does not constitute an
offer to sell or a solicitation of an offer to buy any securities
of TGOD in any jurisdiction in which such offer, solicitation or
sale would be unlawful.
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 Company’s facilities, production and
extraction methods, the Company’s participation in certain product
offerings, the future performance of the Company generally and
anticipated changes to cannabis legislation in Canada.
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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