TORONTO, Sept. 12, 2018 /CNW/ - The Green Organic Dutchman
Holdings Ltd. (the "Company" or
"TGOD") (TSX:TGOD) (US:TGODF) is pleased to announce the
launch of its premium, certified organic cannabis brand. This
preeminent launch coincides with Canadian Organic Week, the largest
annual celebration of organic food, farming and products across the
country. This is a pivotal step for the Company in becoming the
largest, organic cannabis brand in the world.
TGOD is proud to showcase its brand below.
Additional details of the launch will be provided in a
subsequent press release.
TGOD cannabis adheres to the highest production standards for
organic cultivation - the product is grown naturally in Canadian
soil, without the use of synthetic pesticides, herbicides or
fertilizers. According to a 2018 Hill & Knowlton research
study, 57% of Canadian medical cannabis consumers and 43% of
recreational cannabis consumers prefer organic cannabis. Of 116
licensed producers in Canada, TGOD
is one of only two that are certified organic.
TGOD cannabis is never irradiated, resulting in rich and
aromatic terpene profiles that are all natural. The Company's
cannabis oils are derived using a super-critical CO2 extraction
process that uses no harmful solvents or additives.
As part of the launch, TGOD is selecting 200 beta patients to
experience its product this coming January. Applicants will be
selected from the Company's Founder's Club enrollment program
located here.
"Organically certified cannabis is preferred by Canadian
consumers, in both medical and recreational markets," said
Andrew Pollock, TGOD's Vice
President of Marketing. "Cannabis consumers value the safety,
medical efficacy and natural terpene profiles that organic cannabis
provides. Our mission is Making Life Better, and our organic
cannabis products deliver on that promise. TGOD is an organic
community that consumers will be proud to join," continued
Pollock.
In addition to producing a premium cannabis experience, TGOD
will be the industry leader in sustainability and environmental
standards. Production of organic nutrients requires less
processing, and organic pest control has less environmental impact
due to fewer chemicals entering the ecosystem. TGOD will operate
the largest LEED-certified facility in the world and is building
all facilities to GMP standards. LEED is an internationally
recognized green building certification system, including energy
savings, water efficiency, CO2 emission reduction, and indoor
environmental quality.
"We are thrilled to launch our premium organic brand of TGOD
products with a focus on providing the highest-quality cannabis
experience in the world," said Brian
Athaide, TGOD's CEO. "Our respect for the land is evident in
every step of our production process, and we are committed to
providing premium products for both our medical and future
recreational customers," continued Athaide.
"We are excited to see a company in a new industry that embraces
the importance of organic cultivation and product offerings," said
Tia Loftsgard, executive director of
the Canada Organic Trade Association (COTA). "When cannabis becomes
legal, we are delighted that TGOD will be able to provide the
option of cleanly grown, certified organic cannabis to the Canadian
marketplace."
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 and is
building 1,382,000 sq. ft. of cultivation facilities
in Ontario, Quebec and Jamaica.
The Company has developed a strategic partnership with Aurora
Cannabis Inc. (ACB.TO) whereby Aurora has invested
approximately C$78.1 million for a 20% off-take agreement
on Canadian production. The Company has raised
approximately C$350 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.
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 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 in any
particular territory 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.
SOURCE The Green Organic Dutchman Holdings Ltd.