TORONTO, Jan. 3, 2019 /CNW/ - The Green Organic
Dutchman Holdings Ltd. (the "Company" or "TGOD") (TSX : TGOD) (US :
TGODF) is pleased to announce it has signed a royalty-bearing
commercial sublicense (the "Agreement") with EnWave Corporation
(TSX-V:ENW | FSE:E4U) ("EnWave") and Tilray, Inc. (NASDAQ:TLRY)
("Tilray").
EnWave has developed Radiant Energy Vacuum ("REV™") – an
innovative, proprietary method for the precise dehydration of
organic materials. EnWave has further developed patent-pending
methods for uniformly drying and decontaminating cannabis through
the use of REV™ technology, shortening the time from harvest to
marketable cannabis products.
EnWave and Tilray entered into an exclusive partnership in
October 2017 in which EnWave named
Tilray as its licensed partner (the "License"). The License grants
Tilray an exclusive right to use and sub-license EnWave's
proprietary REV™ dehydration technology in Canada. Under the terms of the License, EnWave
and Tilray will share royalties from TGOD's use of EnWave's REV™
technology on an undisclosed basis.
The Agreement grants TGOD the right to use EnWave's proprietary
Radiant Energy Vacuum ("REV™") dehydration technology to dry
organic cannabis in its Canadian operations. Pursuant to the
Agreement, TGOD has signed an equipment purchase agreement and
submitted a purchase order to EnWave for a large-scale 60kW
commercial REV™ machine to initiate commercial production.
"We are incredibly excited to utilize this proprietary and
advanced dehydration technology, which will promote consistency in
the manufacturing of our premium organic products, improve space
efficiency by reducing the need for drying rooms and quicken TGOD's
time from harvest to sale," stated Brian
Athaide, TGOD's Chief Executive Officer.
On Behalf of the Board of Directors,
The Green Organic Dutchman Holdings Ltd.
About The Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) 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. 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 kgs and is building
1,382,000 sq. ft. of cultivation facilities across Ontario, Quebec and Jamaica.
For more information on The Green Organic Dutchman Holdings
Ltd., please visit www.tgod.ca.
About EnWave
EnWave Corporation, a Vancouver-based advanced technology company,
has developed Radiant Energy Vacuum ("REV™") – an innovative,
proprietary method for the precise dehydration of organic
materials. EnWave has further developed patent-pending methods for
uniformly drying and decontaminating cannabis through the use of
REV™ technology, shortening the time from harvest to marketable
cannabis products.
REV™ technology's commercial viability has been demonstrated and
is growing rapidly across several market verticals in the food, and
pharmaceutical sectors including legal cannabis. EnWave's strategy
is to sign royalty-bearing commercial licenses with industry
leaders in multiple verticals for the use of REV™ technology. The
company has signed over twenty royalty-bearing licenses to date,
opening up nine distinct market sectors for commercialization of
new and innovative products. In addition to these licenses, EnWave
has formed a Limited Liability Corporation, NutraDried Food
Company, LLC, to develop, manufacture, market and sell all-natural
cheese snack products in the United
States under the Moon Cheese® brand.
EnWave has introduced REV™ as the new dehydration standard in
the food and biological material sectors: faster and cheaper than
freeze drying, with better end product quality than air drying or
spray drying. EnWave currently has three commercial REV™
platforms:
- nutraREV® which is used in the food industry
to dry food products quickly and at low-cost, while maintaining
high levels of nutrition, taste, texture and colour;
- powderREV® which is used for the bulk
dehydration of food cultures, probiotics and fine biochemicals such
as enzymes below the freezing point, and
- quantaREV® which is used for continuous,
high-volume low-temperature drying.
An additional platform, freezeREV®, is being
developed as a new method to stabilize and dehydrate
biopharmaceuticals such as vaccines and antibodies. More
information about EnWave is available at www.enwave.net.
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 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 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. No
statement in this press release should be construed as a waiver of
any party's rights, and all such rights are reserved.
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SOURCE The Green Organic Dutchman Holdings Ltd.