- TGOD received a 100 percent organic rating from Toronto-based Corporate Knights magazine
- The company successfully renewed its Health Canada licenses authorizing the cultivation, processing and sale of cannabis from its Ancaster, Ontario, facility
- The cannabis company is lauded by the publication for its projected efficient, ecological use of renewable hydropower, which is scheduled to commence later this year
The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), committed to production of organic cannabis, has been named one of the eco-friendliest cannabis firms in Canada. Corporate Knights, a Toronto-based publication, gave TGOD a 100 percent organic rating and cited its projected million square foot, ecologically efficient greenhouse in Valleyfield, Quebec (scheduled to operate later this year on renewable hydropower), as being a key component in the company’s anticipated growth (http://cnw.fm/TKnd5). As the budding cannabis industry continues to evolve, issues of sustainability and growing “greener” product are rising to the surface, and TGOD is currently one of only a handful of organic growers in Canada.
In an effort to meet the burgeoning market’s demand for product, cannabis producers have been focused on amassing large quantities of product. In this rush to produce, something has been neglected by most firms: tracking, disclosing and bettering their ESG (environment, social, governance) indicators. If sustainability efforts exist, they can mostly be found in the form of “cough[ed] up blurbs.” TGOD is ahead of the sustainability curve, however, joining 44 other cannabis growers to form the Global Cannabis Partnership. The Partnership published a Responsible Cannabis Framework setting up basic social responsibility standards for its partners. TGOD has become a leader among cannabis businesses wishing to adopt ‘greener’ practices and adhere to sustainability measures.
At the same time, TGOD has received renewal for its Health Canada licenses through August 2022, authorizing the cultivation, processing and sale of cannabis at its Ancaster, Ontario, facility (http://cnw.fm/P1cL9). Completion is expected by the end of August 2019 for TGOD’s third building at the site, a state-of-the-art hybrid greenhouse. That facility would bring the complex up to 166,000 square feet with an annual production capacity of 17,500 kilograms.
TGOD also received organic certification for its Valleyfield, Quebec, facility. TGOD anticipates that, when completed, this location will span up to 1.3 million square feet and become the largest organic-cannabis greenhouse in the world (http://cnw.fm/x7jV1). TGOD already has certified-organic growing facilities in Europe and Canada.
“From day one, the entire team at TGOD placed a strong focus on ethics and compliance,” TGOD CEO Brian Athaide stated in a news release. “These core values have been paramount to our success. Our team continues to work diligently as we ramp up production and execute our business plan.”
The plan targets the global CBD market, which the company sees reaching $22 billion in less than three years. TGOD is entering the global hemp-CBD market by debuting its global strategic hemp division. The move leverages the company’s expertise in the European hemp-CBD market across its in-place network of international partners (http://cnw.fm/9Ed2r0). That strategy includes several initiatives, including expansion in Canada, Germany, Jamaica, Mexico, Poland and the United States.
Toronto-based TGOD is a premium global organic cannabis company with operations focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as the Canadian adult-use market. Through wholly owned subsidiary HemPoland, TOGD distributes premium hemp-CBD oil in the European Union.
For more information, visit the company’s website at www.TGOD.ca
NOTE TO INVESTORS: The latest news and updates relating to TGODF are available in the company’s newsroom at http://cnw.fm/TGODF
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