Proactiveinvestors USA & Canada The Green Organic Dutchman Holdings Ltd https://www.proactiveinvestors.com Proactiveinvestors USA & Canada The Green Organic Dutchman Holdings Ltd RSS feed en Sat, 15 Jun 2019 19:42:51 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[Media files - The Green Organic Dutchman signs major deal with Neptune Wellness ]]> https://www.proactiveinvestors.com/companies/stocktube/13720/the-green-organic-dutchman-signs-major-deal-with-neptune-wellness-13720.html Wed, 12 Jun 2019 16:44:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/13720/the-green-organic-dutchman-signs-major-deal-with-neptune-wellness-13720.html <![CDATA[News - The Green Organic Dutchman inks pact with Neptune to make organic wellness products ]]> https://www.proactiveinvestors.com/companies/news/221973/the-green-organic-dutchman-inks-pact-with-neptune-to-make-organic-wellness-products-221973.html The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) announced Wednesday that it has inked a pact with Neptune Wellness Solutions Inc (NASDAQ:NEPT) (TSX: NEPT) for extraction, formulation and packaging of certified organic products for the Canadian market.

As part of the multi-year agreement, Toronto-based Green Organic Dutchman will give more than 230,000 kilograms of cannabis and hemp biomass to Neptune to process and transform into premium certified organic consumer wellness products. The deal is the largest for a processor in the industry to date, said the company.

The contract between TGOD and Neptune covers a period of three years and is expected to be back-end loaded with the first year accounting for approximately 20% of the total value. It also marks a significant milestone for cannabis manufacturing in Quebec, creating high value jobs, complementing TGOD's large investment in Valleyfield where the company is nearing the completion of the first phase of what will become the world's largest organic cannabis growing facility at over 1.3 million square feet.

READ: The Green Organic Dutchman blazes a path as it builds a global organic cannabis brand

"With this agreement, Neptune becomes a key partner for TGOD; we have been impressed with their commitment to innovation and excellence in every aspect of their business,” said Green Organic Dutchman CEO Brian Athaide. “Their unique capabilities in terms of extraction, formulation and packaging were decisive factors in our selection process."

Athaide said the deal is “significant” not only because it enables the grower to start manufacturing certified organic consumer wellness products at scale, but also because of the “large and sustained economic impact” it will have in Quebec where TGOD is building the world's largest organic cannabis production facility.

TGOD will work closely with Neptune's team to assist them in obtaining their organic certification. To facilitate the certification process, Neptune will create a space to house and operate TGOD's proprietary and/or licenced technologies. In addition, Neptune is in the process of achieving the EU-GMP certification, allowing TGOD to export products to other jurisdictions as laws and regulations permit.

"We are excited to work with TGOD, an innovation driven company focused on value added and differentiated products," said Neptune Wellness CEO Jim Hamilton. "The ambitions of each company are well aligned, and we look forward to collaborating with TGOD, supporting their growth with new product forms."

Michel Timperio, who is president of Neptune's cannabis division, said TGOD's commitment to organic products and sustainability is "inspiring."

“Neptune is proud to become a part of their success story,” said Timperio. “We are delighted that TGOD has placed its trust in our people and our technology with the largest deal in the industry to date."

Established by Dutch founders, the Green Organic Dutchman grows organic cannabis in high-technology, eco-friendly and sustainable facilities. The cannabis is grown naturally in Canadian soil without the use of synthetic pesticides, herbicides or fertilizers and wrapped in eco-friendly packaging.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Wed, 12 Jun 2019 07:46:00 -0400 https://www.proactiveinvestors.com/companies/news/221973/the-green-organic-dutchman-inks-pact-with-neptune-to-make-organic-wellness-products-221973.html
<![CDATA[News - The Green Organic Dutchman Holdings shareholders approve all matters at annual general meeting ]]> https://www.proactiveinvestors.com/companies/news/221924/the-green-organic-dutchman-holdings-shareholders-approve-all-matters-at-annual-general-meeting-221924.html The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) announced a successful annual general meeting held Tuesday in Mississauga, Ontario, noting shareholders approved all matters brought forward.

Shareholders elected six directors: Brian D. Athaide, Jeffrey J. Scott, Marc Bertrand, Nicholas G. Kirton, Dr. Caroline MacCallum and Jacques Dessureault. 

READ: The Green Organic Dutchman bolsters its western Canadian footprint with new supply agreement

Shareholders also approved the setting of the number of directors of the company at six and the appointment KPMG LLP as auditor of the company for the ensuing year and the authorization of directors to fix their remuneration.

The Green Organic Dutchman operations focus on medical cannabis in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market. Established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities. The cannabis is grown naturally in Canadian soil without the use of synthetic pesticides, herbicides or fertilizers and wrapped in eco-friendly packaging.

Shares of The Green Organic Dutchman Holdings were at C$3.40 on Tuesday in Canadian trading. 

Contact Katie Lewis at katie@proactiveinvestors.com

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Tue, 11 Jun 2019 19:33:00 -0400 https://www.proactiveinvestors.com/companies/news/221924/the-green-organic-dutchman-holdings-shareholders-approve-all-matters-at-annual-general-meeting-221924.html
<![CDATA[News - The Green Organic Dutchman distributes shares in new spinout company TGOD Acquisitions Corp ]]> https://www.proactiveinvestors.com/companies/news/221241/the-green-organic-dutchman-distributes-shares-in-new-spinout-company-tgod-acquisitions-corp-221241.html The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) announced the distribution of new warrants of its spinout company TGOD Acquisition Corp to registered TGOD shareholders who elected to receive the warrants in January this year.

The new warrants will take effect on June 3, 2019, the company said in a statement Thursday.

TGOD Acquisition Corp is an investment company focused on making cannabis deals in Canada and internationally. The company will be led by Daniel Brody, the former vice president of investor relations at TGOD, who now takes on the CEO role at the new company.

READ: The Green Organic Dutchman bolsters its western Canadian footprint with new supply agreement

Under the terms of the deal, each TGOD shareholder as of January 31 who indicated they wanted to participate in the transaction will receive 0.15 of one warrant in the new company for each TGOD share held as of the January date. The new warrant will entitle the holder to purchase one unit of TGOD Acquisition Corp at a price of $0.50 per unit, payable by July 10, 2019.

Each new unit consists of one share and one warrant exercisable into one share of TGOD Acquisition at a price of $1.25 for a period of 24 months following the date that TGOD Acquisition shares begin trading on a recognized stock exchange. The company noted that a listing is not guaranteed.

The cannabis company also noted that it will not deliver warrants of the spinout to shareholders who are US residents under the US securities laws.

Shares of TGOD fell 2.1% in Thursday morning trading in Toronto to sit at C$3.83.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Thu, 30 May 2019 11:24:00 -0400 https://www.proactiveinvestors.com/companies/news/221241/the-green-organic-dutchman-distributes-shares-in-new-spinout-company-tgod-acquisitions-corp-221241.html
<![CDATA[News - The Green Organic Dutchman bolsters its western Canadian footprint with new supply agreement ]]> https://www.proactiveinvestors.com/companies/news/220938/the-green-organic-dutchman-bolsters-its-western-canadian-footprint-with-new-supply-agreement-220938.html The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) is expanding its footprint throughout western Canada thanks to a new supply agreement in the province of Alberta.

The Toronto-based cannabis company announced Friday that it has secured a cannabis supply arrangement with Alberta Gaming, Liquor & Cannabis, the Canadian province’s legal, recreational online cannabis store.

"Alberta is an important market for us as we continue to expand our distribution channels across Canada," said Brian Athaide, CEO of TGOD. "With our production facilities in Hamilton, Ontario and Valleyfield, Quebec coming online in phases, we are thrilled to start distributing TGOD's premium certified organic cannabis to AGLC."

READ: The Green Organic Dutchman beats on revenue and holds strong cash position in 1Q

The agreement was facilitated in collaboration with its distribution partner Velvet Management Inc.

TGOD has been making significant strides in recent weeks to bolster its presence throughout Canada, including a new supply agreement with the BC Liquor Distribution Branch, which operates under BC Cannabis Stores, British Columbia's public retailer of non-medical cannabis.

The Green Organic Dutchman is Canada's largest licensed producer of 100% certified organic cannabis flower and oils.

Established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities. The cannabis is grown naturally in Canadian soil without the use of synthetic pesticides, herbicides or fertilizers and wrapped in eco-friendly packaging. The result is a cleaner, premium product for the medical and recreational markets.

Shares of TGOD slipped 0.5% at C$4.03 in Toronto and at US$3 on OTC markets.

--Updates with share price--

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Fri, 24 May 2019 08:26:00 -0400 https://www.proactiveinvestors.com/companies/news/220938/the-green-organic-dutchman-bolsters-its-western-canadian-footprint-with-new-supply-agreement-220938.html
<![CDATA[Media files - Green Organic Dutchman takes another step with licence for Hamilton expansion ]]> https://www.proactiveinvestors.com/companies/stocktube/13369/green-organic-dutchman-takes-another-step-with-licence-for-hamilton-expansion-13369.html Wed, 15 May 2019 15:30:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/13369/green-organic-dutchman-takes-another-step-with-licence-for-hamilton-expansion-13369.html <![CDATA[News - Buds & Duds: Cannabis stocks mixed as key earnings reports are released; TGOD shares rise ]]> https://www.proactiveinvestors.com/companies/news/220347/buds--duds-cannabis-stocks-mixed-as-key-earnings-reports-are-released-tgod-shares-rise-220347.html Cannabis stocks were mixed on Wednesday, after a number of key earnings reports were released and in tandem with markets across North America.

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, closed up 0.1% to 276.3 points by Wednesday's close. The Horizons Marijuana Life Sciences Index ETF inched up 0.7% at C$20.21.

Buds

The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) shares were on the up and up Wednesday, after the firm released its first-quarter earnings results on Tuesday after the close, with the organic cannabis company beating estimates on revenue and reporting a strong cash position.

Shares were up 1.4% at US$2.89 in New York, up 1.3% at C$3.88 in Toronto. 

The firm reported revenues of C$2.4 million, compared to analyst estimates of C$2.2 million. TGOD ended 1Q with a strong balance sheet and liquidity, including C$224.4 million in cash and restricted cash, to continue to bankroll its expansion and international growth.

READ: The Green Organic Dutchman beats on revenue and holds strong cash position in 1Q

Shares of CannTrust Holdings Inc (NYSE:TRST) (OTCMKST:CNTTF) continued to roll up Wednesday after the Canadian company reported first-quarter earnings earlier in the week that beat analyst estimates. 

Shares were up 2.1% at C$6.21 in New York, up 1.8% at US$8.34 in Toronto.

The company reported net income of C$12.8 million, or C$0.12 a share, compared with C$11.4 million, or C$0.12 a share, in the year-ago quarter. The consensus estimate called for earnings of $0.05 a share. 

READ: 1933 Industries subsidiary sells, then leases back Las Vegas cultivation site

Other gainers on Wednesday included 1933 Industries Inc (CSE:TGIF) (OTCMKTS:TGIFF), which announced subsidiary Alternative Medicine Association completed a sale and lease-back of its Las Vegas cultivation facility.

Shares were up 2.4% at C$0.44 in Canadian trading. 

"We are pleased to complete the Sale Transaction and leverage our real estate asset to support our growth,” said CEO Brayden Sutton. “We funded the purchase of the land and construction of the facility without incurring any debt, so the full sale proceeds are available for working capital and to fund acquisitions in key cannabis markets."

1933 is a vertically-integrated medical and adult-use cannabis company with operations in the US and Canada. In addition to controlling 91% of AMA, it owns all of Infused MFG and Spire Global Strategy.

Duds

Tilray Inc (NASDAQ:TLRY) was lagging on Wednesday after it released its earnings results late Tuesday that showed higher revenues but widening losses.

Shares were down 2.8% at US$47.39. 

The Nanaimo, BC-based company’s net loss increased to US$30.3 million, or $0.32 per share, compared to a loss of $5.2 million, or $0.07 per share, during the same period last year. Analysts were expecting a loss of around $0.23 for the quarter.

Revenue for the quarter rose to US$23 million (C$31 million), a 195% increase from US$7.8 million during the year-ago period.

READ: Tilray posts higher revenues but widening losses after a busy quarter of acquisitions and expansions

Aurora Cannabis Inc (TSE:ACB) (NYSE:ACB) shares see-sawed on Wednesday, which also released key earnings results late Tuesday. The firm reported lower-than-expected third-quarter revenues and notable net losses, however, the company released news that it nearly doubled production in the quarter.

Aurora's shares fell 5.8% to US$7.91 in pre-market trading Wednesday, but recovered as the day went on. Shares of Aurora were up 3% at C$11.66 by Wednesday afternoon. 

READ: Aurora Cannabis third-quarter earnings miss analyst expectations

The firm reported net revenues of C$65.2 million (US$48.44 million) in the quarter, up from C$16.1 million in the year-ago period but lower than analyst estimates of C$67.5 million (US$51 million). Between 2Q 2019 and 3Q 2019, the firm said revenue was up 20% across key markets, which is notable as it is when the company sold its first recreational cannabis in Canada.

The loss per share was C$0.16 cents, compared to average analyst estimates of $0.05 per share. In the year-ago quarter, the firm reported a net loss of C$20 million or C$0.04 per share.

Contact Katie Lewis at katie@proactiveinvestors.com

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Wed, 15 May 2019 10:53:00 -0400 https://www.proactiveinvestors.com/companies/news/220347/buds--duds-cannabis-stocks-mixed-as-key-earnings-reports-are-released-tgod-shares-rise-220347.html
<![CDATA[News - The Green Organic Dutchman beats on revenue and holds strong cash position in 1Q ]]> https://www.proactiveinvestors.com/companies/news/220259/the-green-organic-dutchman-beats-on-revenue-and-holds-strong-cash-position-in-1q-220259.html The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) released its first-quarter earnings results on Tuesday after the close, with the organic cannabis company beating estimates on revenue and reporting a strong cash position. 

The firm reported revenues of C$2.4 million, compared to analyst estimates of C$2.2 million. The company ended 1Q with a strong balance sheet and liquidity, including C$224.4 million in cash and restricted cash, to continue to bankroll its expansion and international growth.

TGOD is in the midst of pushing construction at its Hamilton, Ontario and Valleyfield, Quebec sites forward, and reported construction spending of C$46.9 million in the first quarter of 2019. 

"Q1 results are continued proof that we are delivering on our business plan with executional excellence," said CEO Brian Athaide in a statement. "The company is now bringing to market high quality, premium certified organic cannabis flower and hemp-derived CBD oils."

WATCH: Green Organic Dutchman signs deal to expand international footprint to Germany

TGOD's Hamilton, Ontario facility continues to move foward, with the company today announcing it had received Health Canada approval to expand its cultivation operations, with plans to increase the capacity of its newly built facility to 20,000 square feet of indoor grow space. TGOD's Valleyfield facility in Quebec is also moving ahead, 

"With the construction of the Hamilton facility nearing completion and our flagship Valleyfield facility on track, TGOD will soon be able to sell at scale in Canada and rapidly grow the organic segment that is currently being significantly under-served by the market," added Athaide.

The firm's net loss came in at C$14.1 million, a result of it preparing for commercial production and entry into the recreational market later this year, noted the company.

The Green Organic Dutchman operations focus on medical cannabis in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market. Established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities. The cannabis is grown naturally in Canadian soil without the use of synthetic pesticides, herbicides or fertilizers and wrapped in eco-friendly packaging.

Shares of TGOD were at C$3.83 on Tuesday. 

Contact Katie Lewis at katie@proactiveinvestors.com

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Tue, 14 May 2019 19:01:00 -0400 https://www.proactiveinvestors.com/companies/news/220259/the-green-organic-dutchman-beats-on-revenue-and-holds-strong-cash-position-in-1q-220259.html
<![CDATA[Media files - Green Organic Dutchman sign deal to expand international footprint to Germany ]]> https://www.proactiveinvestors.com/companies/stocktube/13347/green-organic-dutchman-sign-deal-to-expand-international-footprint-to-germany-13347.html Tue, 14 May 2019 14:17:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/13347/green-organic-dutchman-sign-deal-to-expand-international-footprint-to-germany-13347.html <![CDATA[News - The Green Organic Dutchman receives Health Canada approval to expand cultivation capacity in Hamilton ]]> https://www.proactiveinvestors.com/companies/news/220226/the-green-organic-dutchman-receives-health-canada-approval-to-expand-cultivation-capacity-in-hamilton-220226.html The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) announced Tuesday that it had obtained Health Canada approval to expand its cultivation operations in Hamilton, Ontario.

Shares of TGOD rose 2.1% in Tuesday morning trading at C$3.93 in Toronto and jumped 2.6% on OTC markets to US$2.93.

The organic cannabis company is planning to increase the capacity of its newly built facility to 20,000 square feet of indoor grow space.

The new facility is the second of three buildings at TGOD’s Hamilton site. Once the building’s expansion is complete, the Toronto-based company will have a total of 166,000 square feet and an annual production capacity of 17,500 kilograms.

READ: The Green Organic Dutchman enters US market with strategic investment in Califormulations

"This is yet another important milestone for our team as we continue to ramp up production with a focus on executional excellence," said Brian Athaide, CEO of TGOD, in a statement. "We have pioneered the concept of sustainably growing all-natural, certified organic cannabis at scale. The product we are able to offer Canadians is clean, pesticide-free and undeniably premium."

The Green Organic Dutchman boasts operations focused on medical cannabis in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market.

This week the company agreed to a strategic partnership with CBD beverage company Califormulations LLC that will see TGOD enter the US market for the first time. It will work with Califormulations to speed up the US launch of its branded organic hemp-based CBD drinks.

Established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities. The cannabis is grown naturally in Canadian soil without the use of synthetic pesticides, herbicides or fertilizers and wrapped in eco-friendly packaging.

--Updates share price--

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Tue, 14 May 2019 08:22:00 -0400 https://www.proactiveinvestors.com/companies/news/220226/the-green-organic-dutchman-receives-health-canada-approval-to-expand-cultivation-capacity-in-hamilton-220226.html
<![CDATA[News - The Green Organic Dutchman's Polish subsidiary inks German pharmacy distribution deal with Mediokos ]]> https://www.proactiveinvestors.com/companies/news/220145/the-green-organic-dutchman-s-polish-subsidiary-inks-german-pharmacy-distribution-deal-with-mediokos-220145.html The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) is bringing its line of hemp cannabidiol to the German pharmacy market.

HemPoland, its wholly owned subsidiary, reached a deal with German pharmaceutical distributor Mediakos UG to be the exclusive distributor of its CannabiGold brand of CBD oils and capsules.

CannabiGold products are now available in pharmacies across the country and online, including Germany’s 10-largest online pharmacies. Mediakos currently distributes products to 15,000 pharmacies and has the capacity to capitalize on 10 million customers.

READ: The Green Organic Dutchman seals cannabis supply pact with British Columbia

"With a population of over 82 million, Germany plays a pivotal role in TGOD's international expansion strategy," CEO Brian Athaide said. "We are thrilled to be working with Mediakos' experienced team as we continue to solidify CannabiGold's position as a leading brand within the European market."

TGOD is a cannabis company focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as the Canadian adult-use market.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

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Mon, 13 May 2019 08:45:00 -0400 https://www.proactiveinvestors.com/companies/news/220145/the-green-organic-dutchman-s-polish-subsidiary-inks-german-pharmacy-distribution-deal-with-mediokos-220145.html
<![CDATA[News - The Green Organic Dutchman seals cannabis supply pact with British Columbia ]]> https://www.proactiveinvestors.com/companies/news/219977/the-green-organic-dutchman-seals-cannabis-supply-pact-with-british-columbia-219977.html The Green Organic Dutchman Holdings Ltd (TSX:TGOD) (US:TGODF) announced Thursday that it inked a cannabis supply agreement with the BC Liquor Distribution Branch, which operates under BC Cannabis Stores, British Columbia's public retailer of non-medical cannabis.

"With very positive feedback on Green Organic Dutchman products from our British Columbia medical patients, we are excited to offer our premium certified organic products to the recreational market," said Green Organic Dutchman CEO Brian Athaide in a statement.

Athaide added that as TGOD's two Canadian production facilities come on line, the company is focused on executing its business plan, expanding distribution channels and increasing volume to supply the provincial boards.

READ: The Green Organic Dutchman enters US market with strategic investment in Califormulations

The Green Organic Dutchman is Canada's largest licensed producer of 100% certified organic cannabis flower and oils.

Established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities. The cannabis is grown naturally in Canadian soil without the use of synthetic pesticides, herbicides or fertilizers and wrapped in eco-friendly packaging. The result is a cleaner, premium product for the medical and recreational markets.

The Green Organic Dutchman boasts operations focused on medical cannabis in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market.

The company disclosed that the agreement with the BC Liquor Distribution Branch was negotiated in collaboration with Velvet Management Inc.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Thu, 09 May 2019 07:24:00 -0400 https://www.proactiveinvestors.com/companies/news/219977/the-green-organic-dutchman-seals-cannabis-supply-pact-with-british-columbia-219977.html
<![CDATA[Media files - The Green Organic Dutchman sees a path forward to become a player in the U.S. ]]> https://www.proactiveinvestors.com/companies/stocktube/13267/the-green-organic-dutchman-sees-a-path-forward-to-become-a-player-in-the-us-13267.html Wed, 08 May 2019 15:58:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/13267/the-green-organic-dutchman-sees-a-path-forward-to-become-a-player-in-the-us-13267.html <![CDATA[News - The Green Organic Dutchman enters US market with strategic investment in Califormulations ]]> https://www.proactiveinvestors.com/companies/news/219882/the-green-organic-dutchman-enters-us-market-with-strategic-investment-in-califormulations-219882.html The Green Organic Dutchman Holdings Ltd (TSX:TGOD) (US:TGODF) announced Wednesday that it had entered the US beverage space as a co-founding investor and strategic partner in newly formed Califormulations LLC.

Califormulations will operate out of Columbus, Georgia serving global branded companies with concept-to-shelf beverage commercialization support including formulation development, technical services, in-house pilot scale production and contract manufacturing coordination.

READ: The Green Organic Dutchman, Epican Medicinals win second retail licence to open another retail dispensary in Jamaica

The Green Organic Dutchman will work with Califormulations to speed up the US launch of the company’s branded organic hemp-based CBD beverages, as local laws and regulations permit.

"We are incredibly excited to partner with Califormulations to further our development of hemp-based CBD beverage products," said Green Organic Dutchman CEO Brian Athaide in a statement. "With the US market for functional beverages, including wellness, energy and sport recovery, currently worth over $20 billion, we want to remain on the cutting edge of innovation and establish the foundation for future proprietary and novel TGOD-branded products.”

Athaide added that the “forward-looking strategic partnership” positions Green Organic Dutchman to capitalize on the future cannabinoid beverage market.

Califormulations is well positioned to immediately execute on a strategy to become a top beverage formulation and commercialization centre in the US. The Green Organic Dutchman’s cofounding investment in Califormulations is happening alongside Symrise Inc, including its Beverage Innovation Centers in Laguna Beach and Teterboro. Symrise, Green Organic Dutchman and the founding management have chipped in with equity and debt financing to capitalize and get Califormulations off the ground.

Global organic CBD beverage strategy

As global laws and regulations change, Califormulations will allow the Green Organic Dutchman to manage supply chains. Initially the focus will be on having bulk non-infused beverage concentrates produced and shipped by Califormulations to Green Organic Dutchman-owned and contracted manufacturing sites around the globe, including Canada, for infusion with cannabinoids and distribution within legal markets.

Califormulations is a key component in Green Organic Dutchman’s existing global organic cannabinoid-infused beverage strategy. The company’s beverage team will have access to and use of Califormulations' R&D facilities to collaborate on hemp-derived CBD beverage developments, while maintaining and enhancing the company’s intellectual property portfolio.

The Green Organic Dutchman will enjoy “certain exclusivities” linked to the development of organic CBD-infused beverages through the Califormulations platform, said the company.
"Collectively, the complementary capabilities of this ecosystem give Califormulations a unique position in the beverage/consumer packaged goods market that will foster innovation and scale new, successful brands quickly," said Paul Graham, president of Symrise Flavors North America.

The Green Organic Dutchman boasts operations focused on medical cannabis in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market.

Established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities. The cannabis is grown naturally in Canadian soil without the use of synthetic pesticides, herbicides or fertilizers and wrapped in eco-friendly packaging.

 

—(Updates with details on global CBD beverage strategy, quotes, adds video)—

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Wed, 08 May 2019 07:27:00 -0400 https://www.proactiveinvestors.com/companies/news/219882/the-green-organic-dutchman-enters-us-market-with-strategic-investment-in-califormulations-219882.html
<![CDATA[News - The Green Organic Dutchman blazes a path as it builds a global organic cannabis brand ]]> https://www.proactiveinvestors.com/companies/news/219829/the-green-organic-dutchman-blazes-a-path-as-it-builds-a-global-organic-cannabis-brand-219829.html The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF), or TGOD, as it is commonly referred to as, is a certified organic cannabis producer in Canada -- the largest licenced producer, in fact. The company's name is a nod to its roots: established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities.

The company is clear about its aim: to build a leading global organic cannabis brand and 2019 has gotten off to a busy start. 

TGOD's operations are focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as the adult-use market in Canada. The company also has organic hemp CBD (cannabidiol) oil operations in Canada, and through its subsidiary, HemPoland, distributes premium hemp CBD oil in the EU.

WATCH: The Green Organic Dutchman opens second store in Jamaica in prime location

TGOD's cannabis is grown in living soil without the use of synthetic pesticides, herbicides or fertilizers. The cannabis is not subject to irradiation, a process that can extend the shelf life of foods by reducing the number of microorganisms that cause spoilage, but can also affect the terpene profile of the cannabis. Terpenes refer to the aromatic organic compounds in the plant responsible for scent and flavor.

A 2018 Hill & Knowlton research study found that 57% of Canadian medical cannabis consumers and 43% of recreational cannabis consumers prefer organic cannabis.

TGOD extracts the cannabis oils found in its products using carbon dioxide, a process that doesn’t involve solvents or additives that can be harmful to the environment. TGOD is certified organic by Pro-Cert and its growing process is certified organic by ECOCERT Canada. Pro-Cert and ECOCERT are two of North America’s most recognized organic certification bodies.

How is it doing?

It's been a gangbuster time for TGOD. The company has been busy building out its facilities in Ontario, Quebec, and Jamaica with more 1,476,000 sq/ft of hybrid greenhouses and processing facilities under construction in Canada and more than 167,000 sq/ft planned internationally across Europe and Jamaica. 

TGOD expects to reach combined production of 219,000 kilograms of cannabis around 2021. 

On the financing side, the company has raised more than C$450 million to fund both its domestic and international plans. 

TGOD recently received its oil sales licence from Health Canada. The move will allow the company to transform its premium quality organic raw material into a variety of higher-margin cannabis products, core to its business plan.

READ: The Green Organic Dutchman receives Health Canada licence to sell cannabis oils

At the company's facility in Ancaster, Ontario, the firm has gotten the green light to operate its greenhouse. In May, the company and city council finalized a settlement, as well as the fact that the local planning appeal tribunal approved the settlement in early May. When the cannabis company’s facilities in Ancaster are completed it will be capable of growing 17,500 kgs of organic cannabis per year.

TGOD's Valleyfield facility is located in Quebec, home to the lowest power rates in Canada, giving the company a competitive advantage. Its Ontario property is designed to include a natural gas power plant, which will reduce costs. 

In January, the company inked an agreement with Queen Genetics/Knud Jepsen A/S in Denmark, which will help the company expand throughout Europe. Last year, the company invested $35 million to acquire Poland-based CBD company HemPoland. In April, it announced encouraging news that HemPoland has received organic certification from EKOGWARANCJA PTRE, the largest certification body supported by the Polish Ministry of Agriculture and Rural Development.

TGOD also opened its second legal cannabis retail store in Jamaica, along with Epican Medicinals. Located on Montego Bay's strip, the flagship location opened in May. 

Inflection points

TGOD’s Valleyfield facility is located in Quebec, home to the lowest power rates in Canada, giving the company a competitive advantage

The organic cannabis cultivated in the hybrid facilities can be sold at a 34% premium on average in the industry

The desire for an organic product is high: A 2018 Hill & Knowlton research study found that 57% of Canadian medical cannabis consumers and 43% of recreational cannabis consumers prefer organic cannabis.

The recently received oil sales licence from Health Canada is an important milestone: it will allow the company to transform its organic raw material into a variety of higher-margin cannabis products.

Outlook 

There's no sign of TGOD slowing down anytime soon: it has expanded internationally initially through Jamaica, Denmark, Poland and Mexico and continues to explore other strategic international opportunities. In addition to its international footprint, TGOD also boasts a high production capacity in Canada. 

On the home front, the market looks bright: Ontario and Quebec represent two-thirds of the Canadian population with a potential market valued at C$1.12 to C$2.68 billion.

TGOD's recently received oil sales licence from Health Canada is also key milestone, allowing it to transform its premium organic raw material into a variety of higher-margin cannabis products, allowing it to sell to its medical patient community. 

Contact Katie Lewis at katie@proactiveinvestors.com

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Tue, 07 May 2019 14:30:00 -0400 https://www.proactiveinvestors.com/companies/news/219829/the-green-organic-dutchman-blazes-a-path-as-it-builds-a-global-organic-cannabis-brand-219829.html
<![CDATA[News - Buds & Duds: Cannabis stocks cruise up; TGOD shares pop on greenhouse approval ]]> https://www.proactiveinvestors.com/companies/news/219685/buds--duds-cannabis-stocks-cruise-up-tgod-shares-pop-on-greenhouse-approval-219685.html Cannabis stocks cruised higher on Friday on the back of a lacklustre week for cannabis stocks across North American markets. 

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, was up 0.4% to 287.2 points. The Horizons Marijuana Life Sciences Index ETF was up 1% at C$20.99.

Buds

The Green Organic Dutchman Holdings Ltd (TSX:TGOD) (OTCQX:TGODF) shares perked up on Friday as it announced it has inked approval to operate its greenhouse in its home town of Hamilton, Ontario, confirming Friday that the company and the city council have finalized a settlement. In addition to the news, the local planning appeal tribunal approved the settlement at a meeting yesterday, May 2.

Shares were in the green, up 2.6% at US$3.23 in New York, up 2.4% at C$4.33 in Toronto. 

"We look forward to growing and producing high-quality, certified organic cannabis right here in our home town. We are committed to the city and look forward to working with our neighbors, local businesses and the community," said Brian Athaide, CEO of TGOD.

When the cannabis company’s facilities in Ancaster are completed it will be capable of growing 17,500 kgs of organic cannabis per year.

READ: The Green Organic Dutchman finalizes approval to operate greenhouse in its home town

TILT Holdings Inc (CSE:TILT) (OTCMKTS:SVVTF) shares were soaring on Friday, a day after the stock suffered significant losses. The company released its 2018 financial statements earlier this week, showing a net loss of US$552.1 million. The company reported revenues for the year of US$5.65 million.

Shares were up 1.4% at C$2.20 in Canadian trading, up 0.4% at US$1.65 in New York. The firm offers same-day delivery for retailers, wholesalers and consumers in four states.

Another gainer of the morning was Canopy Growth Corporation (TSE:WEED) (NYSE:CGC) which contineud to rise on news that it was buying a German medical cannabis firm for C$343 million. 

Under the terms of the deal, Canopy will acquire C3 Cannabinoid Compound Co, a German company that specializes in cannabinoid-based medical therapies.

Shares jumped 1% at C$65.55 in Toronto and up 1% at US$48.82 in New York.

Other gainers on Friday inlcuded Hexo Corp. (TSE:HEXO) (NYSEAMERICAN:HEXO), with shares up 2.5% at C$10.28 and up 2.8% at C$7.66. On Wednesday Hexo appointed appointed Steve Burwash, its VP of strategic finance to serve as acting chief financial officer on an interim basis.

Hexo's shares have more than doubled this year.

Duds

Aphria Inc (TSE:APHA) (NYSE:APHA) shares slipped on Friday, down 1.8% at C$9.43 in Toronto and down 1.5% at US$7.02 in New York.

Golden Leaf Holdings Ltd (CSE:GLH) (OTCMKTS:GLDFF) shares detracted on Friday, down 4.2% at C$0.12 in Canadian trading.

Earlier this week, the company released earnings results, which saw an uptick in its revenue, posting revenue of US$16.5 million in 2018, a 43% year-over-year increase compared to $11.5 million for the annual period in 2017.The company narrowed its net loss to US$4.4 million in 2018, compared to a net loss of US$55.9 million in 2017. 

The Canadian company has cultivation, production and retail operations in Canada as well as in Oregon and Nevada.

Contact Katie Lewis at katie@proactiveinvestors.com

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Fri, 03 May 2019 10:59:00 -0400 https://www.proactiveinvestors.com/companies/news/219685/buds--duds-cannabis-stocks-cruise-up-tgod-shares-pop-on-greenhouse-approval-219685.html
<![CDATA[News - The Green Organic Dutchman finalizes approval to operate greenhouse in its home town ]]> https://www.proactiveinvestors.com/companies/news/219661/the-green-organic-dutchman-finalizes-approval-to-operate-greenhouse-in-its-home-town-219661.html The Green Organic Dutchman Holdings Ltd (TSX:TGOD) (OTCQX:TGODF) is to start producing cannabis in its hometown of Hamilton, Ontario, as it confirmed Friday that the company and the city council have finalised a settlement.

In addition, the local planning appeal tribunal approved the settlement at a meeting yesterday, May 2.

READ: The Green Organic Dutchman, Epican Medicinals win second retail licence to open another retail dispensary in Jamaica

When the cannabis company’s facilities in Ancaster, a community in Hamilton, are completed, they will be capable of growing 17,500 kgs of organic cannabis per year.

"This completes this chapter of our journey," said Brian Athaide, CEO of TGOD.

"We look forward to growing and producing high-quality, certified organic cannabis right here in our home town. We are committed to the city and look forward to working with our neighbors, local businesses and the community."

As reported in March this year, the newly-built greenhouse is expected to begin growing cannabis by June and will employ up to 85 people.

The Green Organic Dutchman boasts operations focused on medical cannabis in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market.

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.

Dutch founders

Established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities.

The cannabis is grown naturally without the use of synthetic pesticides, herbicides or fertilizers and wrapped in eco-friendly packaging.

Shares in Toronto added over 2% to $4.32 each.

Contact Giles at giles@proactiveinvestors.com

Follow him on Twitter@Gile74

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Fri, 03 May 2019 07:22:00 -0400 https://www.proactiveinvestors.com/companies/news/219661/the-green-organic-dutchman-finalizes-approval-to-operate-greenhouse-in-its-home-town-219661.html
<![CDATA[Media files - The Green Organic Dutchman opens second store in Jamaica in prime location ]]> https://www.proactiveinvestors.com/companies/stocktube/13179/the-green-organic-dutchman-opens-second-store-in-jamaica-in-prime-location-13179.html Wed, 01 May 2019 15:49:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/13179/the-green-organic-dutchman-opens-second-store-in-jamaica-in-prime-location-13179.html <![CDATA[News - The Green Organic Dutchman, Epican Medicinals win second retail licence to open another retail dispensary in Jamaica ]]> https://www.proactiveinvestors.com/companies/news/219474/the-green-organic-dutchman-epican-medicinals-win-second-retail-licence-to-open-another-retail-dispensary-in-jamaica-219474.html The Green Organic Dutchman Holdings Ltd (TSX:TGOD) (OTCQX:TGODF) announced Wednesday that along with Epican Medicinals it is opening its second legal cannabis retail store in Jamaica.

Located on Montego Bay's "Hip Strip," the flagship location will open for business on Saturday. Montego Bay is a popular tourist destination and Jamaica's second largest city. It’s a major port for cruise ships, a prized destination for duty free shopping and has the country's largest airport.

READ: The Green Organic Dutchman continues blazing a trail into international cannabis markets

The Montego Bay dispensary is the second Epican dispensary to open, after Epican's Herb House in Kingston, which opened in began trading last year. Epican is the first fully-integrated company to have obtained a second retail licence from Jamaica's Cannabis Licensing Authority (CLA).

Epican plans to open three new Herb Houses on the island. In combination with online ordering, these locations will serve the needs of Jamaica's three million residents, and over three and a half million annual visitors.

Well-designed space

"Epican's Montego Bay store is a bright and well-designed space ideally located to serve local and visiting patients with Epican's locally produced premium organic cannabis," Green Organic Dutchman CEO Brian Athaide said in a statement.

"Our Kingston location witnessed increasing sales volumes; setting the stage for the grand opening of an Epican Herb House in Jamaica's largest tourist hub. It is an important milestone toward further expansion for Epican and TGOD in Jamaica."

Jamaica is recognized as a premier destination for cannabis, and Epican has deep roots in the country. The founders, the McKenzie brothers, have been at the forefront of the nation's burgeoning medical cannabis industry, including advocacy for the responsible development of the sector. Epican was awarded the country's historic first cultivation licence.

"Today is yet another celebration for Epican and TGOD," said Epican Medicinals CEO Karibe McKenzie. "We have worked tirelessly to provide a fully-integrated solution delivering high-quality medical cannabis to Jamaicans and tourists alike, and the response in Kingston has been overwhelming. We can't wait to make our mark in Montego Bay."

The Green Organic Dutchman owns 49.18% of Epican Medicinals, and the  organization is partnering to construct a manufacturing facility in Jamaica. Once it receives a licence to greenlight site expansion, Epican will cultivate premium cannabis strains for the Jamaican and international market.

The Green Organic Dutchman boasts operations focused on medical cannabis in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market.

Established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities. The cannabis is grown naturally in Canadian soil without the use of synthetic pesticides, herbicides or fertilizers and wrapped in eco-friendly packaging.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Wed, 01 May 2019 07:51:00 -0400 https://www.proactiveinvestors.com/companies/news/219474/the-green-organic-dutchman-epican-medicinals-win-second-retail-licence-to-open-another-retail-dispensary-in-jamaica-219474.html
<![CDATA[News - The Green Organic Dutchman's extraction processing provider gets organic certification ]]> https://www.proactiveinvestors.com/companies/news/219366/the-green-organic-dutchman-s-extraction-processing-provider-gets-organic-certification-219366.html The Green Organic Dutchman Holdings Ltd (TSX:TGOD) (OTCQX:TGODF) announced Tuesday that its Kelowna-based extraction processing services provider, Valens GroWorks Corp (CSE:VGW) (OTCMKTS:VGWCF), has obtained its organic certification from Pro-Cert Organic Systems Ltd.

Valens announced Monday that it has earned organic oil certification for cannabis oil production. This means Valens can now produce certified organic cannabis oil from hemp and cannabis biomass that is organically cultivated and certified.

READ: Valens picks up organic certification for cannabis oil production

Valens is the first third-party cannabis extraction company in Canada to receive organic certification for cannabis oil production from Pro-Cert Organic Systems Ltd for its proprietary CO2 and ethanol extraction processing methods, in accordance with the Canadian Organic Standards, which are a detailed set of standards used in the organic certification process.

"TGOD has been committed to organic since day one. Working with service providers who embrace organic as much as we do is paramount. I want to congratulate the team at Valens for obtaining their organic certification," CEO Brian Athaide said in a statement. "We look forward to delivering certified organic oils of the highest standards to our patients and customers."

The Green Organic Dutchman collaborated with Valens to facilitate the organic certification of their organic processing methodologies.

Valens announced that it will immediately begin offering certified organic cannabis oil processing to the Green Organic Dutchman from their certified organic cannabis and hemp under the multi-year extraction agreement between the two companies, announced March 11, 2019.

READ: The Green Organic Dutchman receives Health Canada licence to sell cannabis oils

Canada’s Organic Standards are recognized as equivalent to the standards created by the EU and the US.

Kelowna-based Valens is a multi-licensed provider of cannabis products and its services are focused on various proprietary extraction methodologies, distillation, cannabinoid isolation and purification, as well as associated quality testing. Valens has extraction processing and supply agreements with a number of leading producers across Canada.

The Green Organic Dutchman boasts operations focused on medical cannabis in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market.

TGOD just received its oil sales licence from Health Canada. Athaide said the move will allow the company to transform its “premium quality organic raw material” into a variety of “higher-margin” cannabis products which is core to its business plan.

Established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities. The cannabis is grown naturally in Canadian soil without the use of synthetic pesticides, herbicides or fertilizers and wrapped in eco-friendly packaging.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Tue, 30 Apr 2019 07:36:00 -0400 https://www.proactiveinvestors.com/companies/news/219366/the-green-organic-dutchman-s-extraction-processing-provider-gets-organic-certification-219366.html
<![CDATA[News - Buds & Duds: Cannabis stocks perk up; TGOD shares jump as it lands organic certification in Poland ]]> https://www.proactiveinvestors.com/companies/news/219197/buds--duds-cannabis-stocks-perk-up-tgod-shares-jump-as-it-lands-organic-certification-in-poland-219197.html Cannabis stocks trundled into Friday, perking up broadly across North American markets. 

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, was up 0.6% to 302.2 points by Friday's close. The Horizons Marijuana Life Sciences Index ETF was up 1.5% at C$21.22.

Buds

The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) announced encouraging news Friday that its wholly-owned subsidiary, HemPoland, has received organic certification from EKOGWARANCJA PTRE, the largest certification body supported by the Polish Ministry of Agriculture and Rural Development.

Shares closed up 1% at US$3.13 in New York and up 1% at C$4.23 in Canadian trading. 

"We are incredibly excited that HemPoland's facilities, production and processes have received organic certification within Europe," said Green Organic Dutchman CEO Brian Athaide in a statement. "This is a major point of differentiation that offers consumers a premium experience. We are proud to continue to deliver and execute on our global organic strategy."

READ: The Green Organic Dutchman’s European acquisition HemPoland receives Organic certification

The good times keep on rolling for Valens GroWorks Corporation (CSE:VGW) (OTCMKTS:VGWCF) on Friday, on the back of earlier gains this week.

The company released news this week that it had signed a multi-year extraction services agreement to provide cannabis and hemp extraction services to HEXO Corp. (TSE:HEXO) (NYSEAMERICAN:HEXO), a leading cannabis producer and consumer goods cannabis company. The company also reported strong first-quarter financial results.

Shares of Valens were up 3.6% at C$4.60 in Toronto, up 3.7% at US$3.42 in New York. 

HEXO shares were also up, up 8.5% at C$10.48 in Toronto, up 8.6% at US$7.79 in New York. 

READ: Mackie boosts price target on Valens GroWorks to C$6.75 after stellar 1Q financials

Shares of tech company EnWave Corp (CVE:ENW) were jumping on Friday, after it annoucned a $10 million strategic investment from Aurora Cannabis Inc (TSE:ACB) (NYSE:ACB). 

Shares of EnWave were up 14% at C$2.12 in Canadian trading, with Aurora shares dipping slightly, down 0.3% at US$9.04 in New York, down 0.6% at C$12.15 in Toronto. 

The companies also announced a royalty-bearing commercial license agreement, which would provide Aurora with exclusive rights to EnWave's patented Radiant Energy Vacuum drying technology, used for the production of cannabis materials in the European Union, aside from Portugal.

Duds

Other laggards on Friday included Aphria Inc (TSE:APHA) (NYSE:APHA), which was down 1.5% at C$10.15 in Toronto and down 1.4% at US$7.55 in New York. 

Shares of Liberty Health Sciences Inc (CSE:LHS) (OTCQX:LHSIF) also dropped on Friday, down 5.6% at C$0.84 in Toronto.

Contact Katie Lewis at katie@proactiveinvestors.com

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Fri, 26 Apr 2019 11:10:00 -0400 https://www.proactiveinvestors.com/companies/news/219197/buds--duds-cannabis-stocks-perk-up-tgod-shares-jump-as-it-lands-organic-certification-in-poland-219197.html
<![CDATA[News - The Green Organic Dutchman’s European acquisition HemPoland receives Organic certification ]]> https://www.proactiveinvestors.com/companies/news/219183/the-green-organic-dutchmans-european-acquisition-hempoland-receives-organic-certification-219183.html The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) announced Friday that its wholly-owned subsidiary, HemPoland, has received organic certification from EKOGWARANCJA PTRE, the largest certification body supported by the Polish Ministry of Agriculture and Rural Development.

HemPoland's facilities, production processes and product offerings are now certified organic and expands the Green Organic Dutchman’s reach for certified organic production.

The Green Organic Dutchman’s extraction and formulation of premium high-quality hemp oils from certified organic raw materials within Poland, sets the foundation for novel and proprietary products to be offered throughout Europe and global markets with official PL-EKO-01 EU certificates.

READ: The Green Organic Dutchman receives Health Canada licence to sell cannabis oils

"We are incredibly excited that HemPoland's facilities, production and processes have received organic certification within Europe," said Green Organic Dutchman CEO Brian Athaide in a statement. "This is a major point of differentiation that offers consumers a premium experience. We are proud to continue to deliver and execute on our global organic strategy."

EKOGWARANCJA PTRE is the largest certification body supported by the Polish Ministry of Agriculture and Rural Development, certifying operators whose goods are being produced in accordance with council regulations.

The Green Organic Dutchman boasts operations focused on medical cannabis in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market.

Established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities. The cannabis is grown naturally in Canadian soil without the use of synthetic pesticides, herbicides or fertilizers and wrapped in eco-friendly packaging.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Fri, 26 Apr 2019 07:44:00 -0400 https://www.proactiveinvestors.com/companies/news/219183/the-green-organic-dutchmans-european-acquisition-hempoland-receives-organic-certification-219183.html
<![CDATA[Media files - The Green Organic Dutchman reaches key milestone by securing Health Canada sales nod ]]> https://www.proactiveinvestors.com/companies/stocktube/13067/the-green-organic-dutchman-reaches-key-milestone-by-securing-health-canada-sales-nod-13067.html Mon, 22 Apr 2019 15:56:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/13067/the-green-organic-dutchman-reaches-key-milestone-by-securing-health-canada-sales-nod-13067.html <![CDATA[News - The Green Organic Dutchman receives Health Canada licence to sell cannabis oils ]]> https://www.proactiveinvestors.com/companies/news/218882/the-green-organic-dutchman-receives-health-canada-licence-to-sell-cannabis-oils-218882.html The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) announced Monday that it has received its oil sales licence from Health Canada.

This news follows a key settlement with the Hamilton City Council which will allow the cannabis company to operate its cannabis greenhouse in Ancaster, Ontario.

The Green Organic Dutchman received its oils production licence in April 2018 and subsequently installed an advanced CO2 extraction system, capable of processing ultra-pure, environmentally friendly, organic cannabis oils.

READ: The Green Organic Dutchman wins approval from council to operate greenhouse in Ancaster, Ontario

The process is free of “toxic solvents” and does “not require any winterization protocol,” said the company. 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.

The Green Organic Dutchman’s premium cannabis products, including its cannabis oils, are certified organic by ProCert and its growing process is certified organic by both ProCert and Ecocert.

The company’s oil extraction facility was built to Good Manufacturing Practices specifications, and work is underway for European Union 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 Green Organic Dutchman CEO Brian Athaide.

Value addition

Athaide said the move will allow the company to transform its “premium quality organic raw material” into a variety of “higher-margin” cannabis products which is core to its business plan.

“It provides 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," said Athaide.

The company’s oils will be as close to the “original plant as possible, including terpene profiles to realize entourage effects,” said the company. 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 at Green Organic Dutchman. "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 the company’s first certified organic cannabis strain through the website. The company’s Unite Organic Cannabis Oil, derived from a high-potency THC-dominant strain, will begin shipping later this month.

The Green Organic Dutchman boasts operations focused on medical cannabis in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market.

When the cannabis company’s facilities in Ancaster, a community in Hamilton, are completed, they will be capable of growing 17,500 kgs of organic cannabis per year.

The newly-built greenhouse is expected to begin growing cannabis by June and will employ up to 85 people.

Established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities. The cannabis is grown naturally in Canadian soil without the use of synthetic pesticides, herbicides or fertilizers and wrapped in eco-friendly packaging.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Mon, 22 Apr 2019 07:54:00 -0400 https://www.proactiveinvestors.com/companies/news/218882/the-green-organic-dutchman-receives-health-canada-licence-to-sell-cannabis-oils-218882.html
<![CDATA[News - The Green Organic Dutchman Holdings picks up two global awards for website ]]> https://www.proactiveinvestors.com/companies/news/218273/the-green-organic-dutchman-holdings-picks-up-two-global-awards-for-website-218273.html The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) has nabbed two global awards for its website, TGOD.ca. 

TGOD was awarded two Horizon Interactive Awards for the TGOD.ca website in two categories: best responsive/mobile website (gold) and best e-commerce website (bronze).

"We are thrilled to receive global recognition for our new site," said Brian Athaide, CEO of TGOD in a statement. "Having launched in only December 2018, the fact that we are already receiving awards is remarkable. This recognition showcases the importance of not only building a leading digital platform for the cannabis industry, but a platform that competes across all industries."

READ: The Green Organic Dutchman wins approval from council to operate greenhouse in Ancaster, Ontario

The Horizon Interactive Awards are a leading international interactive media awards competition that recognizes the best websites, videos, online advertising, print media and mobile applications.

Entries are judged by a panel of industry professionals specializing in advertising/marketing and design and are judged based on design, creativity, technical approach, clarity of message and overall effectiveness.

"These global recognitions provide validation that we have built a scalable best-in-class website that works for patients, organic enthusiasts and investors," said Andrew Pollock, VP of Marketing.

The company said the new TGOD.ca focuses on driving awareness of its position as "Canada's only 100% supplier of certified organic cannabis while facilitating direct medical product purchases with ease for patients providing medical documentation confirming the diagnosis by a health care practitioner," it said in a release. 

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 according to the company, early feedback has been "extremely positive." 

The company said TGOD will be releasing more of its premium organic product in coming months and the company will continue to enhance and improve its website.

Shares of TGOD were at C$ on Tuesday

Contact Katie Lewis at katie@proactiveinvestors.com

 

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Tue, 09 Apr 2019 18:36:00 -0400 https://www.proactiveinvestors.com/companies/news/218273/the-green-organic-dutchman-holdings-picks-up-two-global-awards-for-website-218273.html
<![CDATA[Media files - Green Organic Dutchman gets green light from Hamilton City council to operate facility ]]> https://www.proactiveinvestors.com/companies/stocktube/12776/green-organic-dutchman-gets-green-light-from-hamilton-city-council-to-operate-facility-12776.html Thu, 28 Mar 2019 15:26:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/12776/green-organic-dutchman-gets-green-light-from-hamilton-city-council-to-operate-facility-12776.html <![CDATA[News - The Green Organic Dutchman wins approval from council to operate greenhouse in Ancaster, Ontario ]]> https://www.proactiveinvestors.com/companies/news/217436/the-green-organic-dutchman-wins-approval-from-council-to-operate-greenhouse-in-ancaster-ontario-217436.html The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) has won a victory as the city council in its hometown of Hamilton, Ontario, will allow the cannabis company to operate its cannabis greenhouse in Ancaster, Ontario

Confirmation by the local planning appeal tribunal of the Hamilton City Council’s move to permit the cannabis company to kick off production in the city is expected at a meeting set for April 25.

READ: The Green Organic Dutchman achieves major milestone as it begins cannabis sales to medical patients

“This is tremendous news for our company and for the city of Hamilton,” said Brian Athaide, CEO of The Green Organic Dutchman. “We are a global company that has its roots in Hamilton, and we are looking forward to expanding our production of high-quality, organic cannabis right here in our home town.”

When the cannabis company’s facilities in Ancaster, a community in Hamilton, are completed, they will be capable of growing 17,500 kgs of organic cannabis per year.

The newly-built greenhouse is expected to begin growing cannabis by June and will employ up to 85 people.

READ: The Green Organic Dutchman puts down roots in Jamaica

The Green Organic Dutchman boasts operations focused on medical cannabis in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market.

Established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities. The cannabis is grown naturally in Canadian soil without the use of synthetic pesticides, herbicides or fertilizers and wrapped in eco-friendly packaging.

The Green Organic Dutchman shares rose 4.3% to hit $4.82 in afternoon trade Thursday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

-- This article is updated to reflect latest share price movement --

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Thu, 28 Mar 2019 09:34:00 -0400 https://www.proactiveinvestors.com/companies/news/217436/the-green-organic-dutchman-wins-approval-from-council-to-operate-greenhouse-in-ancaster-ontario-217436.html
<![CDATA[Media files - The Green Organic Dutchman achieves first commercial product sales in Canada ]]> https://www.proactiveinvestors.com/companies/stocktube/12718/the-green-organic-dutchman-achieves-first-commercial-product-sales-in-canada-12718.html Mon, 25 Mar 2019 15:49:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/12718/the-green-organic-dutchman-achieves-first-commercial-product-sales-in-canada-12718.html <![CDATA[News - Buds & Duds: The Green Organic Dutchman shares jump as it launches Growers’ Circle; Cronos shares up ahead of earnings ]]> https://www.proactiveinvestors.com/companies/news/217156/buds--duds-the-green-organic-dutchman-shares-jump-as-it-launches-growers-circle-cronos-shares-up-ahead-of-earnings-217156.html Cannabis stocks dipped on Monday ahead much-anticipated earnings results from Cronos Group and the cancellation of a vote on a bill legalizing marijuana in New Jersey. 

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, was down 0.34% to US$298.62 on Monday afternoon. 

The Horizons Marijuana Life Sciences Index ETF was down 0.53% at C$22.48.

Buds

Cronos Group Inc (NASDAQ:CRON) (TSE:CRON) stock jumped on Monday, ahead of its earnings results, set to be released on Tuesday. 

Shares were up 5.9% at C$27.33 in Toronto and up 5.9% at US$20.37 in New York. 

Eyes are on the company's revenue growth, which analysts are estimating to come in around US$6.5 million. If the company manages to hit this target, it would represent a 300% jump year over year. 

READ: The Green Organic Dutchman achieves major milestone as it begins cannabis sales to medical patients

Also on the move Monday was The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF), which saw shares rise as the company announced it has begun selling cannabis to a national network of medical patients. 

The company launched a limited rollout of the company’s certified-organic cannabis to a select group of patients across Canada known as The Growers’ Circle, allowing the company to perfect its distribution ahead of a planned production ramp-up later this year.

Shares were up 2.1% at C$4.87 in Toronto and up 1.7% at US$3.63 in New York. 

READ: ICC International Cannabis to market CBD products in Spain under singer Thalia Sodi's name

ICC International Cannabis Corp (CSE:WRLD.U) (OTCMKTS:WLDCF) shares were up on Monday after the company announced it is set to market and distribute its cannabidiol (CBD) health and wellness products across Spain under the name of Mexican singer Thalia Sodi after extending its new licensing agreement with Authentic Brands Group (ABG).

The company also recently announced it had been added to the Horizons Medical Marijuana Life Sciences ETF, a significant milestone for the company. 

Shares were up 4.8% at C$0.33 in Toronto and up 2.8% at US$0.33 in New York.

READ: Canopy Growth stock jumps on new cultivation license, expanded partnership Duds

Shares of Canopy Growth Corporation (TSX:WEED) (NYSE:CGC) flip-flopped on Monday, but dropped in the afternoon. 

The company released news Monday of a new cultivation licence for its facility in Fredericton, New Brunswick.

Shares were down 1.2% at US$43.84 in New York and up 1.2% at C$58.82 in Toronto mid-day Monday.

Shares of Eve & Co Inc (OTCMKTS:EEVVF) sank on Monday, down 7.2% at $0.40 in New York. 

Last week, the female-focused cannabis firm announced that Royal Bank of Canada (RBC), Canada’s largest bank, was lending the London-Ontario-based producer $18.7 million to fund its expansion plan.

The company said it plans to expand its greenhouse to 93,000 sq/metres, which would put it into the list of Canada's 10 largest cannabis-growing operations. 

 

Contact Katie Lewis at katie@proactiveinvestors.com

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Mon, 25 Mar 2019 11:36:00 -0400 https://www.proactiveinvestors.com/companies/news/217156/buds--duds-the-green-organic-dutchman-shares-jump-as-it-launches-growers-circle-cronos-shares-up-ahead-of-earnings-217156.html
<![CDATA[News - The Green Organic Dutchman achieves major milestone as it begins cannabis sales to medical patients ]]> https://www.proactiveinvestors.com/companies/news/217133/the-green-organic-dutchman-achieves-major-milestone-as-it-begins-cannabis-sales-to-medical-patients-217133.html The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) announced Monday that it has begun selling cannabis to a national network of medical patients, marking a major milestone in the company’s production strategy.

The launch is a limited rollout of the company’s certified-organic cannabis to a select group of patients across Canada known as The Growers’ Circle, allowing the company to perfect its distribution ahead of a planned production ramp-up later this year.

The Toronto-based company is now shipping its Unite Organic strain to more than 200 medical patients within Canada and plans to expand the list of Growers’ Circle members as more supply comes online.

READ: The Green Organic Dutchman ends 2018 with strong balance sheet, liquidity

“The launch of the Growers’ Circle is another significant moment in TGOD’s commercial story,” said Brian Athaide, the company’s CEO. “Our certified-organic cannabis is a premium experience for patients. We are proud of our product and excited to be sharing it with Growers’ Circle members.”

The company’s cannabis is grown in living soil without synthetic fertilizers, pesticides or herbicides, earning certified organic status by global certification bodies ECOCERT and Pro-cert.

Shares of The Green Organic Dutchman were up nearly 3% to $4.89 in Toronto and 2% to US$3.64 south of the border on Monday afternoon.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

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Mon, 25 Mar 2019 09:16:00 -0400 https://www.proactiveinvestors.com/companies/news/217133/the-green-organic-dutchman-achieves-major-milestone-as-it-begins-cannabis-sales-to-medical-patients-217133.html
<![CDATA[Media files - The Green Organic Dutchman reveals strong cash position in Q4 highlights ]]> https://www.proactiveinvestors.com/companies/stocktube/12685/the-green-organic-dutchman-reveals-strong-cash-position-in-q4-highlights-12685.html Thu, 21 Mar 2019 15:18:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/12685/the-green-organic-dutchman-reveals-strong-cash-position-in-q4-highlights-12685.html <![CDATA[News - The Green Organic Dutchman ends 2018 with strong balance sheet, liquidity ]]> https://www.proactiveinvestors.com/companies/news/216851/the-green-organic-dutchman-ends-2018-with-strong-balance-sheet-liquidity-216851.html The Green Organic Dutchman Holdings Ltd (TSX:TGOD) (OTCQX:TGODF) announced Wednesday that it ended 2018 with a strong balance sheet and liquidity, including C$263.5 million in cash and restricted cash, to continue to bankroll its expansion and international growth.

The company was well-capitalized having completed the largest Canadian cannabis IPO on May 2, 2018, raising gross proceeds of $132.3 million, including overallotments.

Among other financial highlights it also completed private placements worth $77.6 million in gross proceeds and received support from the investor community with $63.4 million in warrants exercised.

READ: The Green Organic Dutchman Holdings Ltd secures supply agreement with Ontario

The company also completed two bought-deals worth $101.2 million in gross proceeds.

The Green Organic Dutchman has made significant progress towards the completion of its facilities in Hamilton, Ontario and Valleyfield, Quebec. The company said it accelerated construction spending at the Hamilton and Valleyfield sites to $96.8 million throughout the year.

It increased total planned global production capacity to 219,000 kgs with improved design and engineering updates at its Canadian facilities.

"2018 has been a pivotal year for the company," said Green Organic Dutchman CEO Brian Athaide. "The company has raised substantial capital and grown the team with the addition of deep expertise and exceptionally skilled professionals to both management and our board. We are very excited for 2019 and remain focused on delivering on the company's operational plans of producing and bringing to market high quality, premium certified organic cannabis."

The company said it experienced a loss from operations of $18.1 million in the fourth quarter ($44.5 million for the full 2018 fiscal year) as a result of ramping up operations in preparation for commercial production in 2019.

Expanding global footprint

The company completed the acquisition of HemPoland on October 1, 2018, for approximately $18.6 million and it contributed $1.9 million in revenue for the fourth quarter.

The company also had a string of international successes in forging key partnerships:

 It created a joint venture with LLACA Groupo Empresarial for distribution of medical cannabis into 7,600 pharmacies and stores in Mexico.    Formed joint venture with Knud Jepsen in Denmark to focus on production of cannabis and cannabis oils and develop and patent innovative cannabis genetics Opened the first dispensary, with its partner Epican Medicinals, in Kingston, Jamaica

The Green Organic Dutchman boasts operations focused on medical cannabis in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market.

Established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities. The cannabis is grown naturally in Canadian soil without the use of synthetic pesticides, herbicides or fertilizers and wrapped in eco-friendly packaging.

Shares closed 7.5% higher to C$5.48 Tuesday in Toronto, while US-listed shares jumped nearly 8% to US$4.12 on the OTC Markets.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

 

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Wed, 20 Mar 2019 09:06:00 -0400 https://www.proactiveinvestors.com/companies/news/216851/the-green-organic-dutchman-ends-2018-with-strong-balance-sheet-liquidity-216851.html
<![CDATA[Media files - The Green Organic Dutchman signs hemp extraction deal with Valens GroWorks ]]> https://www.proactiveinvestors.com/companies/stocktube/12547/the-green-organic-dutchman-signs-hemp-extraction-deal-with-valens-groworks-12547.html Mon, 11 Mar 2019 15:08:00 -0400 https://www.proactiveinvestors.com/companies/stocktube/12547/the-green-organic-dutchman-signs-hemp-extraction-deal-with-valens-groworks-12547.html <![CDATA[News - Buds & Duds: Terra Tech leads cannabis stocks higher as US markets break losing streak ]]> https://www.proactiveinvestors.com/companies/news/216213/buds--duds-terra-tech-leads-cannabis-stocks-higher-as-us-markets-break-losing-streak-216213.html The cannabis sector rode the rising Wall Street tide on Monday.

The Marijuana Index, which tracks top cannabis stocks in North America, increased 1.9% to 285.4.

Buds

Valens GroWorks Corporation (CSE:VGW) (OTCMKTS:VGWCF) and The Green Organic Dutchman Holdings Ltd (TSX:TGOD) (OTCMKTS:TGODF) reached a multi-year agreement in which Valens will provide TGOD with cannabis and hemp extraction services, the companies announced Monday.

TGOD will provide Valens with at least 30,000 kg of cannabis and hemp in year one and 50,000 kg in year two. The British Columbia-based biotech company plans to process the material into resins and distillates, and in turn, TGOD expects to create oils, sprays and capsules, among other products.

Valens stock jumped 9.3% to $2.95 on the CSE and 7.1% to $2.18 on the OTC, while TGOD’s share price rose 2.1% to $4.35 on the TSX and 2.1% to $3.25 on the OTC.

READ: The Green Organic Dutchman and Valens GroWorks sign cannabis and hemp extraction deal

Aurora Cannabis Inc (NYSE:ACB) (TSE:ACB) announced Monday that it began selling cannabis oils to German pharmacies following regulatory approval.

The Edmonton-based company's Pedanios 5/1 drops are the first extract derived oil product to be sold in German pharmacies, the company said in a statement.

"Having established early mover advantage in selling cannabis oils in Germany, we are exceptionally positioned to extend our market leadership and accelerate growth of our European operations," Aurora Chief Global Business Development Officer Neil Belot, said.

Investors are saying “Ja,” sending the stock up 3% to $7.99 on the NYSE and 3.3% to $10.71 on the TSX.

Terra Tech Corp (OTCQX:TRTC) scheduled its full-year 2018 earnings release for Thursday, and investors anticipate a good showing from the Irvine, California-based company.

Shares of the agricultural cannabis company are soaring, up 16.3% to $1.34 on the OTC and leading the gainers on the Marijuana Index.

Duds

Cronos Group Inc (NASDAQ:CRON) (CSE:CRON) stock fell Monday after BMO Capital Markets analyst Tamy Chen downgraded the stock to Underperform from Market Perform.

Chen was the latest of multiple analysts to downgrade the investment firm. GMP Securities downgraded the company to Hold from Buy in February, and Cowen began coverage of the stock with a Market Perform rating in March, according to MarketWatch.

The Toronto-based company’s stock was down 4.3% to 20.80 on the Nasdaq and dropped 3.8% to $28.04 on the TSX.

Contact Andrew Kessel at andrew.kessel@proactiveinvestors.com

Follow him on Twitter @andrew_kessel

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Mon, 11 Mar 2019 12:06:00 -0400 https://www.proactiveinvestors.com/companies/news/216213/buds--duds-terra-tech-leads-cannabis-stocks-higher-as-us-markets-break-losing-streak-216213.html
<![CDATA[News - The Green Organic Dutchman and Valens GroWorks sign cannabis and hemp extraction deal ]]> https://www.proactiveinvestors.com/companies/news/216191/the-green-organic-dutchman-and-valens-groworks-sign-cannabis-and-hemp-extraction-deal-216191.html The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCQX:TGODF) said Monday it has struck a multi-year extraction services contract with Valens GroWorks Corporation (CSE:VGW) (OTCMKTS:VGWCF).

Under the terms of the initial two-year deal, The Green Organic Dutchman will supply Valens with significant quantities of cannabis and hemp and Valens will provide extraction services that will process it into resins and distillates.

READ: Valens GroWorks inks multi-year, renewable cannabis extraction agreement with Tilray Canada

Partnering with Valens is set to allow for the early market entry of The Green Organic Dutchman’s organic hemp-derived CBD (cannabidiol) product lines within the coming months.

The Green Organic Dutchman intends to use the concentrated cannabinoid resins and distillates to produce oils, sprays and capsules.

The agreement calls for The Green Organic Dutchman to supply Valens with a minimum of 30,000 kg of cannabis and hemp biomass in the first year, increasing to 50,000 kg in year two.

Valens expects the first shipment to arrive and to begin processing early in the second quarter.

“The ability to partner with skilled and specialized extraction operators such as Valens will add significant bench strength to TGOD’s already robust extraction capabilities in Canada, Poland and Jamaica,” said Brian Athaide, director and CEO of TGOD.

Tyler Robson, CEO of Valens GroWorks, is similarly bullish on the partnership.

“Valens looks forward to helping accelerate TGOD’s time to market with the launch of its hemp-derived CBD product line in the coming months,” Robson said.

READ: The Green Organic Dutchman pushes into Europe thanks to new pact with Knud Jepsen

Headquartered in Toronto, The Green Organic Dutchman boasts operations focused on medical cannabis in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market.

Valens, which is based in Kelowna, British Columbia, meanwhile, is a cannabis company focused on extraction, distillation and cannabinoid isolation and purification as well as quality testing.

Valens GroWorks shares closed up 5.5% to finish at C$2.70 in Canadian trade on Friday while The Green Organic Dutchman shares held steady at C$4.26.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Mon, 11 Mar 2019 08:32:00 -0400 https://www.proactiveinvestors.com/companies/news/216191/the-green-organic-dutchman-and-valens-groworks-sign-cannabis-and-hemp-extraction-deal-216191.html
<![CDATA[Media files - The Green Organic Dutchman awarded second organic certification ]]> https://www.proactiveinvestors.com/companies/stocktube/12472/the-green-organic-dutchman-awarded-second-organic-certification-12472.html Tue, 05 Mar 2019 15:34:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/12472/the-green-organic-dutchman-awarded-second-organic-certification-12472.html <![CDATA[News - The Green Organic Dutchman wins second organic certification at Hamilton cultivation facility ]]> https://www.proactiveinvestors.com/companies/news/215829/the-green-organic-dutchman-wins-second-organic-certification-at-hamilton-cultivation-facility-215829.html The Green Organic Dutchman Holdings Ltd (TSX:TGOD) (US:TGODF) said Tuesday that the cannabis cultivation operations at its Hamilton, Ontario facility have won their second organic certification from Pro-cert Organic Systems Ltd.

The certification by Pro-cert follows earlier approval from the company ECOCERT and underlines the Toronto cannabis company’s commitment to a top standard of organic cultivation.

READ: The Green Organic Dutchman makes significant progress towards completion of facilities in Hamilton and Valleyfield

“The certification from Pro-Cert, along with the earlier certification from ECOCERT means that both leading organic certification bodies have approved our process,” said Brian Athaide, CEO of TGOD, in a statement.

The Green Organic Dutchman boasts operations focused on medical cannabis in Canada, Europe, the Caribbean and Latin America as well as the Canadian recreational market.

Established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities. The cannabis is grown naturally in Canadian soil without the use of synthetic pesticides, herbicides or fertilizers and wrapped in eco-friendly packaging.

TGOD shares slipped 23 cents to finish Monday at C$4.15.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Tue, 05 Mar 2019 09:01:00 -0500 https://www.proactiveinvestors.com/companies/news/215829/the-green-organic-dutchman-wins-second-organic-certification-at-hamilton-cultivation-facility-215829.html
<![CDATA[Media files - The Green Organic Dutchman CFO says its Jamaican operation is growing ]]> https://www.proactiveinvestors.com/companies/stocktube/12346/the-green-organic-dutchman-cfo-says-its-jamaican-operation-is-growing-12346.html Mon, 25 Feb 2019 10:56:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/12346/the-green-organic-dutchman-cfo-says-its-jamaican-operation-is-growing-12346.html <![CDATA[News - The Green Organic Dutchman puts down roots in Jamaica ]]> https://www.proactiveinvestors.com/companies/news/215157/the-green-organic-dutchman-puts-down-roots-in-jamaica-215157.html The Green Organic Dutchman Holdings Ltd (TSX:TGOD) (OTCQX:TGODF) said Friday that it is forging ahead with plans to grow its business in Jamaica.

Since the Canadian cannabis company acquired a 49.18% stake in the Jamaican cannabis company Epican last June, it has made considerable advances in boosting cultivation and opening retail dispensaries in the Caribbean country.

“We have made incredible progress in Jamaica over the past eight months,” said Brian Athaide, CEO of The Green Organic Dutchman, in a statement. “We plan to continue opening stores throughout the country, increasing productive capacity, and expanding our leadership in Jamaica.”

READ: The Green Organic Dutchman Holdings Ltd secures supply agreement with Ontario

On the list of Epican’s achievements in Jamaica are its recent testing of medical cannabis vending machines, which include thumbprint scanners that make sure cannabis is sold only to registered patients.

The company has also leased a 100-acre parcel of land in Trelawny Parish, where land clearance is underway to increase production to a point where a 14,000 kg operation is achieved.

Epican’s flagship retail store opened last July in Kingston and has seen consistent sales growth. A café is also slated to be opened next to the Kingston store that will play host to cannabis-themed events such as Puff and Paint and Cannabis Yoga.

READ: The Green Organic Dutchman pushes into Europe thanks to new pact with Knud Jepsen

The Green Organic Dutchman says Epican’s retail presence will continue apace, with stores set to open in Montego Bay and Negril.

In other news, Epican is pursuing Good Manufacturing Practice (GMP) certification at its Kingston lab to pave the way for global exporting. It’s also spearheading a pilot program for a prescription delivery service for registered medical patients that it would like to expand if it’s successful.

The Green Organic Dutchman shares slipped 0.8% to C$3.68 in Canadian trade on Friday afternoon.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

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Fri, 22 Feb 2019 12:32:00 -0500 https://www.proactiveinvestors.com/companies/news/215157/the-green-organic-dutchman-puts-down-roots-in-jamaica-215157.html
<![CDATA[News - The Green Organic Dutchman Holdings Ltd secures supply agreement with Ontario ]]> https://www.proactiveinvestors.com/companies/news/214269/the-green-organic-dutchman-holdings-ltd-secures-supply-agreement-with-ontario-214269.html The Green Organic Dutchman Holdings Ltd (TSX:TGOD) (OTCQX:TGODF) announced Friday that it has secured a cannabis supply agreement with the Ontario Cannabis Retail Corporation.

"Ontario has the largest population in Canada and is a critical component to TGOD's national recreational rollout," said Green Organic Dutchman CEO Brian Athaide. "This represents the first of many provincial supply agreements planned for our premium organic product as our domestic facilities near completion and production increases throughout 2019."

READ: The Green Organic Dutchman makes progress towards completion of facilities in Hamilton and Valleyfield

The Green Organic Dutchman has made significant progress towards the completion of its facilities in Hamilton, Ontario and Valleyfield, Quebec.

The company said last week that it identified a need for design modifications during the construction process. As a result, engineering design improvements will bump up forecasted domestic productive capacity to 202,500 kilograms from 156,000 kilograms.

Headquartered in Toronto, The Green Organic Dutchman boasts operations focused on medical cannabis in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market.

Established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities. The cannabis is grown naturally in Canadian soil without the use of synthetic pesticides, herbicides or fertilizers and wrapped in eco-friendly packaging.

READ: The Green Organic Dutchman secures cultivation license for Denmark

The Green Organic Dutchman is the largest licensed producer of 100% certified organic cannabis in Canada. The company’s cannabis is certified by ECOCERT, one of the world’s leading organic certification bodies.

The Ontario Cannabis Retail Corporation, operating as the Ontario Cannabis Store is the only legal retailer of recreational cannabis in Canada's most-populous province. Online sales launched in October 2018. The OCS will also supply cannabis products to licensed private retail stores across the province, set to open in April this year. The first 25 retailers eligible to apply for cannabis licenses were announced last month.

The agreement with OCS was negotiated jointly between The Green Organic Dutchman and its partner, Velvet Management Inc. Velvet provides fully integrated sales and distribution capabilities for The Green Organic Dutchman’s premium cannabis products to provincial liquor and cannabis boards across Canada. Velvet is a new company created by the largest wine distributor in Canada, Philippe Dandurand Wines.

"Organic resonates with consumers. We are proud to have TGOD as our cornerstone supplier for all provinces and territories," said Velvet president Vianney Aubrecht.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Fri, 08 Feb 2019 07:31:00 -0500 https://www.proactiveinvestors.com/companies/news/214269/the-green-organic-dutchman-holdings-ltd-secures-supply-agreement-with-ontario-214269.html
<![CDATA[Media files - The Green Organic Dutchman increases capacity at Canadian facilities; updates European expansion plans ]]> https://www.proactiveinvestors.com/companies/stocktube/12079/the-green-organic-dutchman-increases-capacity-at-canadian-facilities-updates-european-expansion-plans-12079.html Fri, 01 Feb 2019 13:52:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/12079/the-green-organic-dutchman-increases-capacity-at-canadian-facilities-updates-european-expansion-plans-12079.html <![CDATA[News - The Green Organic Dutchman makes significant progress towards completion of facilities in Hamilton and Valleyfield ]]> https://www.proactiveinvestors.com/companies/news/213812/the-green-organic-dutchman-makes-significant-progress-towards-completion-of-facilities-in-hamilton-and-valleyfield-213812.html The Green Organic Dutchman Holdings Ltd (TSX:TGOD) (OTCQX:TGODF) announced Friday that “significant progress” has been made towards the completion of its facilities in Hamilton, Ontario and Valleyfield, Quebec.

The company said it identified a need for design modifications during the construction process. As a result, engineering design improvements will bump up forecasted domestic productive capacity to 202,500 kilograms from 156,000 kilograms.

READ: The Green Organic Dutchman secures cultivation license for Denmark

The design improvements are being implemented in phases to leverage “efficiencies and further learnings from each prior phase,” with the objective of achieving the best results, said the company.

The modified construction blueprint requires an additional three months for start-up in Valleyfield and increased capital expenditures of approximately C$30 million for the completion of the structures.

The incremental expenditure for the larger processing facility along with operating system improvements will be phased in over time and are expected to be funded from operational cashflow, said the company.

The Green Organic Dutchman also noted that the Growers Circle launch “remains on schedule” with the first shipments of premium, certified organic cannabis set to be received by Canadian medical patients across the country this month.

More capacity

"Not only have we addressed the important redesign requirements, we have also made significant improvements to the operating capacity and capital timing of our facilities, resulting in an additional 46,500 TGOD will split its Phase 1 into two parts with the first twelve flowering rooms representing an annual capacity of 65,000 kgs coming online in Q4 2019.  Construction crews will then shift focus to phase 1b of another twelve rooms with production ramp-up in 2020 to provide annual capacity of an additional 65,000 kgs.  Applying similar upgrades to phase 2 with production ramp-up in 2021 will deliver an additional capacity of 55,000 kgs.  This updated plan will now provide a combined output of 185,000 kgs from Valleyfield resulting in significant additional annual revenue potential. of productive capacity," said Green Organic Dutchman CEO Brian Athaide.

"This allows us to bring additional product to both Canadian consumers and global markets. We are also excited to supply our first patients in the Growers Circle with premium organic cannabis this month, generating our first domestic revenues," he added.

The Valleyfield site

By optimizing original design and operating parameters and increasing automation, TGOD estimates it will increase productive capacity by approximately 30%, resulting in an increase of 43,000 kilograms of annual production from the total Valleyfield site. 

The compnay will split its Phase 1 into two parts with the first 12 flowering rooms representing an annual capacity of 65,000 kilograms coming online in the fourth quarter of 2019. Construction crews will then shift focus to phase 1b of another 12 rooms with production ramp-up in 2020 to provide annual capacity of an additional 65,000 kilograms. Applying similar upgrades to phase 2 with production ramp-up in 2021 will deliver an additional capacity of 55,000 kilograms. The new plan will now provide a combined output of 185,000 kilograms from Valleyfield resulting in significant additional annual revenue potential.

"We have run a detailed cost-benefit analysis on Valleyfield's enhanced strategy," said Athaide. "The benefits of the additional production capacity on a phased basis are substantial and far outweigh the extension to the production schedule and additional capital cost. We will utilize our learnings from the design review and progress to date in each phase and continue to strive to achieve efficient and low-cost organic production."

The Hamilton site

The company has modified major systems from the original design in the Hamilton facility in Quebec and re-engineered the entire harvesting process to result in increased productive capacity from 14,000 kilograms to 17,500 kilograms. Vertical grow systems will be installed in vegetative rooms increasing available flowering space and product matrix variability.

"Three level vegetation gives TGOD the plant counts needed to support increased flowering space and cycles and provides flexibility in multi-strain production planning," said the company.

Headquartered in Toronto, The Green Organic Dutchman boasts operations focused on medical cannabis in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market.

Established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities. The cannabis is grown naturally in Canadian soil without the use of synthetic pesticides, herbicides or fertilizers and wrapped in eco-friendly packaging.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

-- (Updates with fresh quotes, details about the Valleyfield and Hamilton facilities)

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Fri, 01 Feb 2019 07:49:00 -0500 https://www.proactiveinvestors.com/companies/news/213812/the-green-organic-dutchman-makes-significant-progress-towards-completion-of-facilities-in-hamilton-and-valleyfield-213812.html
<![CDATA[News - The Green Organic Dutchman secures cultivation license for Denmark ]]> https://www.proactiveinvestors.com/companies/news/213526/the-green-organic-dutchman-secures-cultivation-license-for-denmark-213526.html The Green Organic Dutchman Holdings Ltd (TSX:TGOD) (OTCQX:TGODF) announced Tuesday that it has secured a cultivation license for Denmark from the Danish Medicines Agency.

The Danish government body responsible for issuing cannabis-related licenses, has granted an “initial cannabis business authorization” to Green Organic Dutchman’s joint venture production partner Knud Jepsen.

The Green Organic Dutchman is widening its reach in Europe through its pact with Danish cannabis company Knud Jepsen. 

READ: The Green Organic Dutchman Holdings gives clarification about potential operations in Greece

The license will allow Kund Jepsen to immediately import starting materials and begin research and development related to the creation of elite cannabis genetics. 

The company said Knud Jepsen will submit a request to the Danish Medicines Agency for the assignment of this license to the TGOD-Knud Jepsen Danish joint venture, a process that is already underway and expected to be completed within the coming weeks.

The initial license, issued under the Danish Medicines Agency's Development Scheme, enables the importation of starting materials, the receipt, possession, cultivation and processing of cannabis, and distribution and export of analytical samples to foreign labs.

After the cultivation and harvest of three consistent crops, an additional authorization license will be issued allowing for the sale of authorized medicinal cannabis products.

"We are incredibly pleased with the quick receipt of this license from the Danish Medicines Agency," said Knud Jepsen CEO Frands Jepsen. "The initial license was received promptly after the submission, and the Danish Medicines Agency provided great transparency during the process. Through 80 years of trusted operations in Denmark, we've built excellent relationships with all parties involved and plan to work closely with the Development Scheme."

READ: The Green Organic Dutchman pushes into Europe thanks to new pact with Knud Jepsen

Denmark-based Green Organic Dutchman and Knud Jepsen cannabis production joint venture will initially consist of a 37,500 square feet phase one production facility with an expected annual capacity of 2,500 kgs per year with a focus on supplying the Danish medical market.

The hybrid greenhouse facility will be located within Knud Jepsen's large-scale operations in Hinnerup, Denmark. The company said the property includes “significant room” for expansion on Knud Jepsen's land as “additional global markets open.” The previously contemplated 25,000 kg of production in Denmark will shift to various lower cost production jurisdictions throughout Europe.

The Green Organic Dutchman Holdings will have the exclusive right to all cannabis-related production from the joint venture through a guaranteed offtake agreement. 

"TGOD is working with Health Canada to export starting materials from Canada into Denmark and we look forward to accelerating our expansion throughout Europe," said Green Organic Dutchman CEO Brian Athaide.

Headquartered in Toronto, The Green Organic Dutchman boasts operations focused on medical cannabis in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market.

Established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities.

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

 

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Tue, 29 Jan 2019 08:40:00 -0500 https://www.proactiveinvestors.com/companies/news/213526/the-green-organic-dutchman-secures-cultivation-license-for-denmark-213526.html
<![CDATA[News - The Green Organic Dutchman Holdings gives clarification about potential operations in Greece ]]> https://www.proactiveinvestors.com/companies/news/213443/the-green-organic-dutchman-holdings-gives-clarification-about-potential-operations-in-greece-213443.html The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCQX:TGODF) gave further clarification Monday about its proposed operations in Greece, in light of a number of media reports released in Greece.

The company said it had been in communication with various Greek Ministries, including the Ministry of Rural Development and Food, since early 2018 and it is awaiting a license for the production of medicinal cannabis.

Shares of the cannabis company were up 7.4% at US$3.03 on Monday.

READ: The Green Organic Dutchman pushes into Europe thanks to new pact with Knud Jepsen

The company said that while it cannot comment on the specifics of an application with the Greek government, it plans to construct and commission a multi-phased facility in Greece, subject to licensing from the Greek government. 

Last week, TGOD released news that it widening its reach in Europe by forging a definitive agreement with Danish cannabis company Knud Jepsen. 

Greece is also an appealing location, with favourable labour rates and ideal climatic conditions for the cultivation of cannabis, providing an "optimal environment to produce high-quality, low-cost, large-scale organic cannabis," said the company in a statement, adding "The country's central European location allows export to other European countries with dramatically reduced shipping costs."

Headquartered in Toronto, The Green Organic Dutchman boasts operations focused on medical cannabis in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market.

Established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities.

 

Contact Katie Lewis at katie@proactiveinvestors.com
Follow her on Twitter: @kelewis

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Mon, 28 Jan 2019 13:50:00 -0500 https://www.proactiveinvestors.com/companies/news/213443/the-green-organic-dutchman-holdings-gives-clarification-about-potential-operations-in-greece-213443.html
<![CDATA[News - The Green Organic Dutchman pushes into Europe thanks to new pact with Knud Jepsen ]]> https://www.proactiveinvestors.com/companies/news/213350/the-green-organic-dutchman-pushes-into-europe-thanks-to-new-pact-with-knud-jepsen-213350.html The Green Organic Dutchman Holdings Ltd (TSX:TGOD) (OTCQX:TGODF) announced Friday that it is widening its reach in Europe by forging a definitive agreement with Danish cannabis company Knud Jepsen to set up two 50/50 joint ventures.

A production joint venture (JV) has been arranged to produce commercial cannabis and cannabis oils while a genetics JV will handle the development and patenting of cannabis genetics.

READ: The Green Organic Dutchman to use EnWave’s cannabis drying tech, share royalties with Tilray

The pair of joint ventures will be set up in Denmark and the goal is to expand the production JV to other parts of Europe.

The Green Organic Dutchman will have the exclusive right to all cannabis-related production from the production JV, according to the terms of the agreement. The production JV will also have exclusive access to the intellectual property surrounding the cannabis genetics developed as part of the genetics JV.

Knud Jepsen, will, in turn, be responsible for the daily operations of the JV.

For its part, The Green Organic Dutchman is looking to take advantage of Knud Jepsen’s years of horticulture experience and research & development to accelerate its commercial operations in Denmark and throughout Europe.

The first phase of the JV will start with a Hinnerup, Denmark-based 2,500 kg pilot program and eventually shift to various lower-cost production jurisdictions throughout Europe.

READ: The Green Organic Dutchman continues blazing a trail into international cannabis markets

"This JV is incredibly important to furthering TGOD's presence in Europe," said Brian Athaide, CEO of TGOD in a statement. "As we roll out multiple phases of our JV and plan to increase the partnership to multiple countries across Europe, leveraging Knud Jepsen's expertise as operators, and our expertise in cannabis will be critical to TGOD's expansion throughout the continent,” he added.

Founded in 1939, Denmark-based Knud Jepsen has 80 years of experience in all areas of horticulture ranging from genetics and breeding to international partnerships. In addition to Denmark, Knud Jepsen operates an 880,000 square foot flower and young plant production facility in Turkey, and a 700,000 sq. ft. facility in Vietnam specializing in producing cuttings belonging to the Queen Genetic assortment.

Headquartered in Toronto, The Green Organic Dutchman boasts operations focused on medical cannabis in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market.

The Green Organic Dutchman shares closed 14.4% higher on Thursday to hit C$3.49.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

 

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Fri, 25 Jan 2019 08:06:00 -0500 https://www.proactiveinvestors.com/companies/news/213350/the-green-organic-dutchman-pushes-into-europe-thanks-to-new-pact-with-knud-jepsen-213350.html
<![CDATA[News - The Green Organic Dutchman Holdings receives court approval for spin-off plan ]]> https://www.proactiveinvestors.com/companies/news/213267/the-green-organic-dutchman-holdings-receives-court-approval-for-spin-off-plan-213267.html Cannabis company The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) revealed the Ontario Superior Court of Justice had approved its previously announced spin-off of subsidiary TGOD Acquisition Corporation.

The latter is an investment firm mainly focused on investments in the cannabis industry in Canada and internationally.

READ: The Green Organic Dutchman shareholders approve spin-off for international growth and up to C$10M private offering

The spin-off is being carried out under a scheme of arrangement dated October 25 last year and will see the company distribute to its shareholders unit purchase warrants of TGOD Acquisition Corporation (SpinCo).

Each TGOD shareholder of record on January 31 this year and who elects to receive SpinCo unit warrants, will receive 0.15 of one SpinCo unit warrant for each TGOD shares held.

Each SpinCo unit warrant will entitle the holder to purchase one unit of SpinCo upon the holder tendering the exercise price of $0.50 per SpinCo Unit to SpinCo within 30 days following the effective date of the arrangement.

Each SpinCo Unit consists of one share and one-half of one SpinCo Share purchase warrant, the Mississauga, Ontario-based company said.

Each SpinCo warrant is exercisable into one SpinCo Share at an exercise price of $1.25 per SpinCo warrant share for 24 months from the date the SpinCo shares begin trading on a recognized stock exchange.

Contact Giles at giles@proactiveinvestors.com

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Thu, 24 Jan 2019 08:36:00 -0500 https://www.proactiveinvestors.com/companies/news/213267/the-green-organic-dutchman-holdings-receives-court-approval-for-spin-off-plan-213267.html
<![CDATA[News - The Green Organic Dutchman taps new chief scientific officer ]]> https://www.proactiveinvestors.com/companies/news/212797/the-green-organic-dutchman-taps-new-chief-scientific-officer-212797.html The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) announced Thursday it has tapped Dr Rav Kumar as its chief scientific officer.

Kumar will take over the reins at the Toronto-based cannabis company’s science and innovation division where he will oversee all science initiatives.

READ: The Green Organic Dutchman to use EnWave’s cannabis drying tech, share royalties with Tilray

Boasting more than 25 years of experience in the pharmaceutical industry, Dr Kumar is a seasoned executive who has international experience in Europe, Asia and North America.

"We are incredibly excited to welcome Dr. Kumar to TGOD. He is a proven and seasoned senior executive with extensive international pharmaceutical experience in developing innovative and novel products with some of the world's largest pharmaceutical companies," said CEO Brian Athaide in a statement.

Dr Kumar previously held a number of senior roles at the pharmaceutical giant GlaxoSmithKline where his posts included vice-president for research and development operations as well as for business development and classic brands.

On top of this, Dr Kumar played a key role in building GSK’s research and development capability in Canada. He also executed a $150 million spin-out of GSK’s vaccines research and development unit to create the Neomed Biologics and Vaccines Centre of Excellence in Montreal.

READ: The Green Organic Dutchman taps two new board members

In addition to his time at GSK, Dr Kumar also served as managing director of Apotex India, the Canadian pharmaceutical company Apotex’s largest investment outside of Canada.

Dr Kumar holds a Doctor of Philosophy from the University of Bath in the UK and a Bachelor of Pharmacy (Honors) from the University of Cardiff in the UK.

The Green Organic Dutchman shares nudged up 1% to finish at C$2.98 on Wednesday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

 

 

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Thu, 17 Jan 2019 07:55:00 -0500 https://www.proactiveinvestors.com/companies/news/212797/the-green-organic-dutchman-taps-new-chief-scientific-officer-212797.html
<![CDATA[Media files - The Green Organic Dutchman to license dehydrating method for its organic cannabis ]]> https://www.proactiveinvestors.com/companies/stocktube/11855/the-green-organic-dutchman-to-license-dehydrating-method-for-its-organic-cannabis-11855.html Tue, 15 Jan 2019 13:52:00 -0500 https://www.proactiveinvestors.com/companies/stocktube/11855/the-green-organic-dutchman-to-license-dehydrating-method-for-its-organic-cannabis-11855.html <![CDATA[News - The Green Organic Dutchman taps two new board members ]]> https://www.proactiveinvestors.com/companies/news/212157/the-green-organic-dutchman-taps-two-new-board-members-212157.html The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) has appointed Dr. Caroline MacCallum and Jacques Dessureault to its board.

An expert in cannabinoid-based medicine, Dr MacCallum is an internist and cannabinoid clinician as well as a researcher and instructor in the department of medicine at the University of British Columbia. She is also an associate member of the University of British Columbia’s palliative care department, as well as the medical director at Greenleaf Medical Clinic, where she has developed cannabinoid treatment plans for more than 3,000 patients across Canada.

READ: The Green Organic Dutchman continues blazing a trail into international cannabis markets

Her recent publication, Practical Consideration for Medical Cannabis Administration and Dosing, offers guidance on medical cannabis dosing.

“Dr MacCallum’s vast experience in cannabinoid research will be invaluable to TGOD,” said Brian Athaide, CEO of The Green Organic Dutchman in a statement.

“She has been recognized by her peers in the medical industry as an expert in medical cannabis with a focus on dosing, which will be critical as we prepare to launch a suite of multi-dose products under the recently announced responsible Regulation of Edible Cannabis Products in Canada,” Athaide added.

Dessureault, meanwhile, hails from the pharmaceutical industry. He has worked as a global marketing division head for Novartis and as the president and general manager of Valeant Pharmaceuticals International Inc (NYSE:VRX) as well as a vice-president at Bristol Myers-Squibb. During Dessureault's time at Valeant, he led all Canadian commercial units, including research and development and international manufacturing and technical operations

"As we advance the research and development arms of our Company, including our beverage science and research division, Jacques' experience will be critical to launching new novel and innovative product lines," said Athaide.

The Green Organic Dutchman is a research and development company licensed by Canadian regulators to cultivate medical cannabis. It has cultivation facilities in Ontario, Quebec and Jamaica.

It has organic cannabis operations focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin America as well as the recreational cannabis market in Canada. The company’s products are tested in labs to ensure their safety and consistency.

Shares in The Green Organic Dutchman closed down 1.9% to finish at C$2.54 on Monday.

Contact Ellen Kelleher at ellen@proactiveinvestors.com

 

 

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Tue, 08 Jan 2019 08:34:00 -0500 https://www.proactiveinvestors.com/companies/news/212157/the-green-organic-dutchman-taps-two-new-board-members-212157.html
<![CDATA[News - The Green Organic Dutchman to use EnWave’s cannabis drying tech, share royalties with Tilray ]]> https://www.proactiveinvestors.com/companies/news/211917/the-green-organic-dutchman-to-use-enwaves-cannabis-drying-tech-share-royalties-with-tilray-211917.html The Green Organic Dutchman Holdings Ltd (TSX:TGOD)(OTCQX:TGODF) announced Thursday it inked a royalty-bearing commercial sublicense with tech company EnWave (TSX:ENW) and fellow cannabis company Tilray Inc (NASDAQ:TLRY).

Shares of TGOD were up about 8.5% to C$2.67 by Wednesday’s close while EnWave shares were down slightly to C$1.30, but neither had not begun trading yet Thursday morning.

BIG PICTURE: The Green Organic Dutchman continues blazing a trail into international cannabis markets

Tilray shares slipped around 1% to US$69.69 in Thursday pre-market trading.

EnWave has developed a method for dehydrating organic materials known as Radiant Energy Vacuum. Its technology can be applied to drying and decontaminating cannabis to streamline the harvesting process.

"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," said TGOD CEO Brian Athaide in the company’s press release.

EnWave named Tilray its licensed partner in October 2017, granting Tilray the exclusive right to use and sub-license the technology in Canada.

As per the deal, TGOD, one of Canada’s few organic cannabis producers, will have access to the technology in its Canadian operations and share the royalties with Tilray.

TGOD has agreed to purchase a 60kW commercial REV machine to begin commercial production.

The company has been building out its facilities in Ontario and Quebec, as well as in Jamaica, in order to produce organic cannabis on a large scale, expecting its facilities to reach combined production of 170,000 kilograms sometime in 2020.

 

Contact Lenore Fedow at lenore@proactiveinvestors.com

Follow her on Twitter: @LenoreMariee

 

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Thu, 03 Jan 2019 09:11:00 -0500 https://www.proactiveinvestors.com/companies/news/211917/the-green-organic-dutchman-to-use-enwaves-cannabis-drying-tech-share-royalties-with-tilray-211917.html