The Green Organic Dutchman Holdings Ltd. (the
“
Company” or “
TGOD”)
(TSX:TGOD)(US:TGODF) is a company built on innovation with the goal
of becoming the largest organic cannabis producer in the world. The
path is clearly evident from the way we have financed the Company
with our retail first approach, to our strategic hires, recent
expansion, exclusive licensing deals, entering international
markets and most importantly, TGOD’s organic differentiation.
The transition from Mr. Robert Anderson to
myself although abrupt and untimely, was one that was a planned
evolution before the end of the year. As TGOD moves into full
production Rob was to move into the executive Chair position
providing vision and supporting financing activities. My experience
of more than 26 years at senior levels of companies such as Proctor
and Gamble running multiple international consumer packed goods
operations was his choice for succession to take TGOD to the
worldwide markets as the leading organic brand.
Rob had a vision, a vision of doing things the
right way, a vision that retail investors have the ability to be so
much more than just shareholders. They can become patients of the
medical market, customers of the recreational market and brand
ambassadors. These are cannabis enthusiasts, advocates, consumers,
and from day one TGOD has aimed to empower those passionate about
cannabis to invest alongside the management team and create the
largest organic cannabis brand in the world. A large portion of
what has made TGOD so special today is that vision, and it’s that
same vision, that same philosophy, that I want to continue
delivering for TGOD and TGOD’s shareholders. That was Rob’s vision,
and that is my vision.
Everyone at TGOD would like to sincerely wish
Rob a full and swift recovery. He has done so much for our Company,
driven us forward at a rapid pace and established an incredible
management team to succeed. I am grateful Rob will remain available
to advise us as needed. With the condition he is cleared
medically, it is anticipated he would come back to join the TGOD
family in a senior position. Our plan is in place, the path
is paved, and we will not deviate.
TGOD possesses one of the most well-rounded,
driven and experienced management teams in the industry. Our board
of directors has significant corporate experience specific to
consumer-packaged goods, consumer products, and finance including
experience in multiple successful acquisitions. Our leadership team
has skillsets in all aspects of business including financial
management, international markets, mergers & acquisitions,
operations, project management, marketing, branding, and sales for
some of the largest companies on the planet including Proctor &
Gamble, Cott and Weightwatchers. We are focused on becoming the
Wholefoods of the cannabis industry and recognized as pioneers in
THC/CBD infused beverage
industry.
As I transition into the CEO role, it comes down
to operations and building a brand. A few recent highlights
include:
• Strong cash position: $300
million• Ontario Cultivation: 150,000 sq. ft.
facility in Hamilton under construction, scheduled to open in the
first quarter of 2019, capable of producing 14,000
kgs of premium organic cannabis• Quebec
Cultivation: 820,000 sq. ft. facility in Valleyfield under
construction, scheduled to open in the first half of 2019 capable
of producing 142,000 kgs of premium organic
cannabis (Visit www.tgod.ca to see the latest construction
videos)• Jamaican JV: with Epican Medicinals
Ltd., capable of producing an additional 14,000
kgs of premium organic cannabis. Jamaica represents the
first of many strategic partnerships we intend to
execute in the coming months and includes licenses for:
cultivation, extraction, manufacturing, and retail
distribution• Denmark JV: with Queen
Genetics, & Knud Jepsen adding the potential for an additional
25,000 kgs funded capacity, bringing TGOD European cultivation,
R&D and a distribution centre.• 170,000 kg funded
capacity, with potential for 195,000 kg (upon completion
of definitive agreement with Denmark JV)
• Aurora Cannabis,
Strategic partner: Aurora (TSX:ACB) is the
largest, most innovative cannabis company in the world. They
invested over $78.1 million into our Company, validating everything
from our organic strategy, to our R&D & beverage divisions,
to our management team and international expansion plans. Our
partnership is truly unique and our respect for Terry Booth and his
team is great. In addition, we are fortunate to have Cam
Battley, Aurora’s CCO, one of the most respected industry leaders,
sit on our Board of Directors.• Largest ETF
Holding: We are recognized as the #1 holding in the
largest cannabis ETF in the United States• Licensing
partnerships: US states have become landlocked. We can
export IP, and license various technologies using our land and our
licenses to manufacture branded products in Canada, and own the
international sales and distribution channels.
- Stillwater’s, Ripple SC: soluble
cannabinoids
- Evolab: the number one selling vaporizer in
Colorado
- CBx Sciences: medical and recreational
cannabis products, R&D and cannabis specific IP
• Launch of strategic Beverage Science and Research
Division, 40,000 kg annual capacity cultivation facility
dedicated to beverage, and appointment of Prem
Virmani as beverage science and research division
chair. Prem is the former senior vice-president of global science
and research for Cott Beverages Inc.• Developing a
beverage platform moving us into much higher
margin products for the future. Our team has over
125-years executive experience in
consumer-packaged goods, beverage, and beverage alcohol, more than
any other company in the industry• Cultivation
License: for Valleyfield granted & Oils
license for Hamilton granted.• $25
million bought deal @$6.40• Largest
IPO in Cannabis history, raising $132.1
million and listing on the world’s premier exchange for
cannabis companies, the Toronto Stock
Exchange• Certified Organic product and
process by Eco-Cert• Focus on executing with excellence
TGOD is committed to building the largest
organic cannabis brand in the world. Organic is a lifestyle choice,
and everything we are building stands for organic. From our
Eco-cert organic certification, to our LEED certified construction
and GMP compliant facilities. We are committed to sustainability
and reducing our carbon footprint by developing some of the most
advanced, automated hybrid facilities in existence, helping us
produce the highest quality cannabis for the lowest possible
cost.
By leveraging our combined experience, we plan
to secure additional partnerships, joint ventures, and licensing
arrangements with companies across varying jurisdictions in the
United States and international markets. We will set up cultivation
around the world for domestic, and international expansion. We will
utilize our experience in the beverage and alcohol beverage
industries to provide a strategic pathway into the cannabis market
for large-scale beverage companies by way of direct investment,
joint venture or other suitable opportunities. With one of the most
dedicated, hard-working and well-rounded teams in the cannabis
industry, and we will continue to execute on the business plan. Our
plan is in place, the path is paved, and we will not deviate.
In closing, some of Rob’s greatest insights,
vision and projects have yet to come to conclusion and as the new
CEO I plan to execute them as soon as possible which should lead to
many exciting days ahead.
Brian Athaide, CEOThe Green Organic Dutchman
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 of cultivation facilities in
Ontario and 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 an approximate 17.5%
stake in TGOD. In addition, the Company has raised approximately
C$315 million dollars 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.
CONTACT INFORMATION
Investor Relations Email: invest@tgod.ca Phone: 1 (416)
900-7621
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 statements about the
future legalization of recreational cannabis and cannabis-infused
products in Canada, statements about future research, development
and innovation by the Company, statements about the offering of any
particular products by the Company 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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