The Green Organic Dutchman makes significant progress towards completion of facilities in Hamilton and Valleyfield

The Green Organic Dutchman Holdings Ltd (TSX:TGOD) (OTCQX:TGODF) announced Friday that “significant progress” has been made towards the completion of its facilities in Hamilton, Ontario and Valleyfield, Quebec.

The company said 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.

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The design improvements are being implemented in phases to leverage “efficiencies and further learnings from each prior phase,” with the objective of achieving the best results, said the company.

The modified construction blueprint requires an additional three months for start-up in Valleyfield and increased capital expenditures of approximately C$30 million for the completion of the structures.

The incremental expenditure for the larger processing facility along with operating system improvements will be phased in over time and are expected to be funded from operational cashflow, said the company.

The Green Organic Dutchman also noted that the Growers Circle launch “remains on schedule” with the first shipments of premium, certified organic cannabis set to be received by Canadian medical patients across the country this month.

More capacity

“Not only have we addressed the important redesign requirements, we have also made significant improvements to the operating capacity and capital timing of our facilities, resulting in an additional 46,500 kgs of productive capacity,” said Green Organic Dutchman CEO Brian Athaide.

“This allows us to bring additional product to both Canadian consumers and global markets. We are also excited to supply our first patients in the Growers Circle with premium organic cannabis this month, generating our first domestic revenues,” he added.

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.

Contact Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive 

Story by ProactiveInvestors