TORONTO, April 22, 2019 /CNW/ - The Green Organic
Dutchman Holdings Ltd. (the "Company" or "TGOD") (TSX:TGOD)
(US:TGODF) is pleased to announce it has received its oil sales
licence from Health Canada pursuant to the Cannabis Act for its
Hamilton, Ontario facility.
The Company received its oils production licence in April of
2018 and subsequently installed a state-of-the-art supercritical
CO2 extraction system, capable of processing ultra-pure,
environmentally friendly, organic cannabis oils. The process is
free of toxic solvents and does not require any winterization
protocol. 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. TGOD's
premium cannabis products, including its cannabis oils, are
certified organic by ProCert and its innovative growing process is
certified organic by both ProCert and Ecocert, producing a clean,
high-quality end product.
TGOD's oil extraction facility was built to GMP (Good
Manufacturing Practices) specifications, and work is currently
underway for European Union GMP ("EU-GMP") certification, which
will allow the Company to expand distribution of its certified
organic cannabis oils beyond Canada to global markets.
"We are pleased to offer TGOD's medical patients access to new
premium certified organic cannabis oils," said Brian Athaide, TGOD CEO. "In addition, this step
will assist TGOD in transforming our premium quality organic raw
material into a variety of higher-margin cannabis products which is
core to our business plan, providing us with the opportunity to
bring to market innovative and novel products, including beverages
and edibles, once regulations permit. Cannabis 2.0 is rapidly
approaching, and we will be ready," continued Athaide.
TGOD's oils will be as close to the original plant as possible,
including terpene profiles to realize entourage effects. The
process is easily customizable to create full-spectrum
strain-specific oils, as well as oils of varying cannabinoid and
terpene concentrations.
"Oil is predominantly a medical product, and patients want
clean, organic efficacy with safe and easy delivery," said Dr.
Rav Kumar, Chief Science Officer of
TGOD. "Through our certified organic product and process we know we
are providing patients the best possible experience."
In March, the first group of patients, the Growers' Circle,
received access to purchase TGOD's first certified organic cannabis
strain through the website and the feedback has been extremely
positive from all across the country. TGOD's Unite Organic Cannabis
Oil, derived from a high-potency THC-dominant strain, will begin
shipping later this month.
To sign up for the Unite Organic waitlist, please visit TGOD's
patient center at TGOD.ca or call 905-304-4201.
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 planned capacity of 219,000 kgs and is building
1,643,600 sq. ft. of cultivation and processing facilities across
Ontario, Quebec, Jamaica and Denmark.
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.
For more information on The Green Organic Dutchman Holdings
Ltd., please visit 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, but is not limited to,
statements about future research, development and innovation by the
Company, statements about EU-GMP certification, statements about
production timing, efficiencies, capacities and ramp-up, statements
about future production, revenue, export capabilities and
cashflows, statements about the offering or efficacy 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.
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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SOURCE The Green Organic Dutchman Holdings Ltd.