- The Green Organic Dutchman is building on a series of agreements to scale up its cannabis production operations in Canada, Jamaica, Europe and Latin America
- The Company’s first crop goes on sale soon to an exclusive loyalty group of patients and investors
- The Dutchman’s production strategy envisions 80,000 kilograms of cultivation by the end of this year en route to 219,000-kilogram buildout by 2021
- The company’s focus is on a premium organic brand built to high standards of environmental friendliness
Canada’s prime mover efforts to legalize the use of cannabis nationwide, not only as a medicinal substance but also as a wellness-enhancing consumable and a recreational drug, has made it a fertile field for entrepreneurial innovation and a friend to innovative business operations such as The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) – an Ontario-based producer of 100 percent-certified organic cannabis with an expanding footprint.
The Green Organic Dutchman, also known simply by its ticker, ‘TGOD’, was described by cannabis news outlet The Motley Fool last year as one of Canada’s top seven marijuana growers, thanks largely to the company’s plans to produce some 200,000 kilograms (about 440,000 pounds) in annual yield when it reaches full capacity. While construction of its almost 1.7 million square feet of cultivation facilities across Ontario, Quebec, and Jamaica (http://nnw.fm/UxR9H) continues, TGOD has been cultivating in Ontario on a small scale since 2016 and began delivering its first commercial crop to an exclusive loyalty pool of patients and investors this month (http://nnw.fm/7nfiJ).
The first phase of construction at the Ontario site is expected to be complete during the second quarter of this year, establishing an enclosed facility capable of producing 2,000 kilograms of cannabis. The company will then continue, with a hybrid facility capable of 14,500 kilograms expected to be completed in Q2 as well. At the Quebec site, which will reach 185,000 kilograms of organic cannabis at buildout, the first cultivation is expected in the fourth quarter of this year.
When the company’s purpose-built hybrid greenhouses are complete, they will stand as a testament to the Dutchman’s commitment to minimizing its environmental impact. They are expected to be among the largest LEED (Leadership in Energy and Environmental Design) system-certified facilities in the world and will also be completed to European Union good manufacturing practice (“eGMP”) standards in anticipation of expansion into that market.
TGOD has chosen to reject irradiation of its product — a process that can extend the shelf life of foods, but also one that adversely affects the terpenes in cannabis that are responsible for scent and flavor. Likewise, the company uses carbon dioxide rather than solvents or additives to extract oils from cannabis with minimal environmental impact.
Earlier this month, TGOD announced an agreement to supply cannabis to the Ontario Cannabis Retail Corporation (“OCRC”), the latest in a series of ventures that include product distribution in Denmark, Jamaica, Mexico and Poland. The OCRC is the only legal online store for recreational cannabis in Ontario and will also become the provincial wholesaler of cannabis for private retail stores once the regulatory framework is in place this spring.
A run-rate timeline published by the company shows that it expects to go from producing over 20,000 kilograms of cannabis by the third quarter of this year to more than 80,000 kilograms by the fourth quarter, and then to 219,000 kilograms by the third quarter of 2021 (http://nnw.fm/I1Uwi).
TGOD’s agreement with global power management company Eaton Corp. is also enabling it to increase its revenue margins, because Eaton is providing TGOD with some of the lowest electricity input costs in the business as part of a research and optimization project that Eaton is using to advance its profile in cannabis growing power management and lighting on a global scale. The agreement is one more example of the Dutchman’s foresight in executing productive partnerships to establish a low-cost, high-quality product that will benefit the consumer.
For more information, visit the company’s website at www.TGOD.ca
NetworkNewsWire (NNW) is a financial news and content distribution company that provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, (5) a full array of corporate communications solutions, and (6) a total news coverage solution with NNW Prime. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.networknewswire.com