- Signed LOI with Quebec-based
Chocolatier to produce premium cannabis-infused chocolates at
TGOD's Valleyfield site
- Production equipment for Ripple Dissolvable Powders and TGOD
Organic Teas successfully relocated from contract manufacturer and
set up at Valleyfield, eliminating
capacity challenges and providing supply agility
- Production of concentrates and Ripple Gummies has
commenced
- Hiring for several positions to support production ramp up and
new product lines
TORONTO, Sept. 16, 2020 /CNW/ - The Green Organic
Dutchman Holdings Ltd. (the "Company" or "TGOD") (TSX: TGOD) (US:
TGODF), a leading producer of premium certified organically grown
cannabis, is pleased to announce that it has entered into an
agreement with an established chocolatier for a new line of premium
organic chocolate to be produced at its Valleyfield site.
As part of its portfolio expansion strategy, TGOD plans to
launch a line of premium cannabis-infused chocolates. The new
product line will be produced using high-quality Belgian chocolate,
organic gourmet ingredients, and infused using RIPPLE's proven
fast-acting cannabis technology.
Valleyfield Reconfiguration
As previously disclosed,
considering capacity challenges with third party
processing, the Company made the strategic decision to
transform its licensed facility located in Valleyfield, Quebec, into a processing hub to
support its expanding product portfolio. In doing so, TGOD
significantly reduced its reliance on third parties, gained more
control over its processing activities, and improved agility and
quality control.
The equipment relocation has now been completed, with production
of RIPPLE Dissolvable Powders and premium teas expected to restart
this month. TGOD has also begun production of concentrates
and Ripple Gummies in Valleyfield.
Hash should be available for sale at the end of this month
under the Company's mainstream brand, Highly Dutch, while Ripple
Gummies are planned to launch in the fourth quarter.
"As we conducted a complete review of our operations, we saw the
opportunity to leverage Valleyfield and centralize our processing
activities for 2.0 products. Not only does it streamline our
supply chain and help absorb the fixed costs of maintaining the
site, it also makes us more agile and provides us with more control
over the development and quality of our products," commented
Brian Athaide, CEO of TGOD.
"By developing the in-house capabilities to manufacture multiple
product lines, we are well positioned to capitalize on the
increasing popularity of cannabis derivatives such as beverages,
chewables, chocolates, concentrates and teas," added Athaide.
Hiring Drive
TGOD is currently hiring for several
positions to support its production ramp up. The Company is looking
for a broad range of profiles, from Process Engineers to Edibles
Manufacturing Team Leads to Quality Control Technicians, and more.
Interested candidates can submit their application at
https://www.tgod.ca/pages/careers.
About The Green Organic Dutchman Holdings Ltd.
The
Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US–OTC:
TGODF) is a premium certified organically grown cannabis company
focused on the health and wellness market. Its organic
cannabis is cultivated 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",
"TGOD.WS" and "TGOD.WR", 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 new product launches, statements about production
capabilities, 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.