The Green Organic Dutchman Holdings Ltd secures supply agreement with Ontario
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 [email protected]
Follow her on Twitter: @UttaraProactive
Story by ProactiveInvestors
Source: https://www.proactiveinvestors.com/companies/news/214269/the-green-organic-dutchman-holdings-ltd-secures-supply-agreement-with-ontario-214269.html
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