logo-loader

The Green Organic Dutchman says new research license will help product development

Last updated: 11:04 19 Feb 2020 EST, First published: 09:04 19 Feb 2020 EST

Green Organic Dutchman Holdings Ltd. -
The firm has two Canadian facilities, from where it wants to launch a series of next products such as organic teas, infusers and vapes

The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF), the organic cannabis group, has reached another milestone, namely a research licence from Health Canada. 

The license will reduce costs and accelerate the firm's development of new products by eliminating reliance on third parties, it told investors in a statement. 

The company also said it wants to leverage the new license to complete additional premium cannabis 2.0 products, which are expected to launch later this year. 

READ: The Green Organic Dutchman closes $42.7 million credit facility

The firm has two Canadian facilities, from where it wants to launch a series of next products such as organic teas, infusers and vapes.

In Europe, via subsidiary HemPoland, it distributes premium hemp CBD oil and CBD-infused topicals. 

"As consumers become increasingly aware that not all cannabis products are created equal, we want to ensure that TGOD continues to go to market with consumables that bear a seal of premium quality that they can trust," said Brian Athaide, chief executive at TGOD. 

"By leveraging the expertise of our in-house science and marketing teams, we are able to optimize costs and accelerate our speed to market. 

"In parallel, we are also layering on additional quality control measures ensuring a high level of consistency across all our product lines."

Shares in Toronto nudged up 1.85% to C$0.55 on the day. In New York they gained 3.68% to US$0.43.

Contact the author at giles@proactiveinvestors.com

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