Cannabis
TGOD Bolsters Canadian Distribution and Initiates Cultivation at Valleyfield Hybrid Greenhouse
The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX: TGOD) (US: TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that it has received its inaugural purchase order from the BC Liquor Distribution Branch (“BCLDB”), further expanding its Canadian distribution footprint. The Company also obtained a licence amendment from Health Canada, allowing it to launch cultivation operations at its flagship Valleyfield hybrid greenhouse.
The addition of British Columbia means that TGOD now has the ability to distribute its products to a total of 527 retail locations across five provinces, or 82% of Canada’s current store count. With the number of cannabis stores poised to increase from 639 to over a thousand in 2020, the Company is continuing to strategically develop and nurture solid relationships with provincial boards and retailers, cementing its position as the leading certified organic brand.
“TGOD’s high-quality certified organic product and commitment to sustainable cultivation practices resonate with BC consumers. Based on the exceptionally positive feedback we received from our BC medical patients as well as on market research, we believe the province represents an enormous market opportunity for our brand,” commented Brian Athaide, CEO of TGOD. “As we continue ramping up production, we remain focused on expanding our distribution channels and achieving our goal of distributing nationally in Q1 2020.”
Valleyfield Hybrid Greenhouse
TGOD has obtained a licence amendment from Health Canada, allowing cultivation to start in two zones within its flagship hybrid greenhouse located in Valleyfield, Quebec. Measuring a total of 46,500 square feet, these 2 zones mark the start of the Company’s cultivation operations inside the state-of-the-art hybrid greenhouse. The Company is in the process of submitting an application for the rest of the greenhouse and remains on track to add another four zones, in line with its most recent plan for Valleyfield Phase 1, which includes a total of six zones and is expected to yield 10,000 kilograms in 2020.
As the market continues to develop, TGOD will have the ability to quickly scale up production at Valleyfield. The Company’s hybrid greenhouse contains a total of 24 zones which, once licensed, will only require the installation of the cultivation fit out.
SOURCE The Green Organic Dutchman Holdings Ltd.
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