FRANKFURT, Germany and
TORONTO, July 10, 2020 /PRNewswire/ - The Green
Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TSX:
TGOD) (US: TGODF), a leading producer of premium certified organic
cannabis, announced today that its Ancaster facility has obtained a European
Union Good Manufacturing Practice ("EU-GMP") certificate enabling
it to commence exports to Germany.
Under this EU-GMP certificate, valid until December 31, 2020, TGOD can commence exporting
its premium certified organic products for validation in
preparation for commercialization in 2021. The Company
anticipates validation will be completed by the end of the year,
subsequently enabling export of medical cannabis products for
commercial purposes to Europe and
other jurisdictions.
"This EU-GMP certificate enables export of dried flower and
cannabis extracts to Germany for
validation, making TGOD the first certified organic Canadian
licensed producer to obtain the prestigious certification," stated
Dr. Joachim Lubig, Managing Director
of TGOD Europe. "By leveraging our existing network of distribution
partners in Germany and other
countries, TGOD will be in a strong position to quickly ramp up
international sales of premium certified organic cannabis products
in 2021," added Dr. Lubig.
About The Green Organic Dutchman Holdings Ltd.
The
Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US–OTC:
TGODF) is a premium certified organic cannabis company focused on
the health and wellness market. Its certified–organic
cannabis is grown in living soil, as nature intended. The
Company is committed to cultivating a better tomorrow by producing
its products responsibly, with less waste and impact on the
environment. Its two Canadian facilities have been built to LEED
certification standards and its products are sold in recyclable
packaging. In Canada, TGOD sells dried flower and oil,
and recently launched a series of next–generation cannabis products
such as organic teas, dissolvables and vapes. Through its
European subsidiary, HemPoland, the Company also distributes
premium hemp CBD oil and CBD-infused topicals in Europe. By
leveraging science and technology, TGOD harnesses the power of
nature from seed to sale.
TGOD's Common Shares and warrants issued under the indentures
dated November 1, 2017 and December
19, 2019 trade on the TSX under the symbol "TGOD",
"TGOD.WT" and "TGOD.WS", respectively, and TGODF trades in the US
on the OTCQX. For more information on The Green Organic Dutchman
Holdings Ltd., please visit www.tgod.ca.
Cautionary Statements
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 include, but are not limited to, statements about the
completion of validation of the Company's products for European
export, statements about the export of the Company's medical
products for commercial purposes to Europe and other jurisdictions, statements
about the timing of international sales of the Company's products
and statements about the Company's ability to offer certain
products in certain jurisdictions. Forward–looking statements
are frequently characterized by words such as "plan", "continue",
"expect", "project", "intend", "should", "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 (including market conditions) and other factors that
could cause actual events or results to differ materially from
those projected in the forward–looking statements, including those
risk factors described in the Company's most recently filed Annual
Information Form available on SEDAR. 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 the TSX nor the TSX's 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.