viewGreen Organic Dutchman Holdings Ltd.

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

Shares of The Green Organic Dutchman Holdings jumped on Monday

Cannabis bud
The company said Greece's central European location allows export to other European countries with dramatically reduced shipping costs

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 [email protected]
Follow her on Twitter: @kelewis

Quick facts: Green Organic Dutchman Holdings Ltd.

Price: 0.52 CAD

Market: TSX
Market Cap: $173.74 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Green Organic Dutchman Holdings Ltd. named herein, including the promotion by the Company of Green Organic Dutchman Holdings Ltd. in any...



Buds & Duds: Ontario's cannabis retail expansion plan gives cannabis stocks...

The North American Marijuana Index, which tracks the top cannabis stocks in the US and Canada, was 1.4% higher at 116.7 points. Elsewhere, the Horizons Marijuana Life Sciences Index ETF jumped 2.4% at C$9.55, while the OTCQX Cannabis index gained 0.6% to 434 points. Buds today are The Green...

on 12/13/2019

2 min read