leadf
logo-loader
viewGreen Organic Dutchman Holdings Ltd.

The Green Organic Dutchman achieves major milestone as it begins cannabis sales to medical patients

The company will start shipping its Unite Organic strain to over 200 medical patients in Canada

cannabis plant farm
TGOD’s cannabis is grown in living soil without synthetic fertilizers, pesticides or herbicides

The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) announced Monday that it has begun selling cannabis to a national network of medical patients, marking a major milestone in the company’s production strategy.

The launch is a limited rollout of the company’s certified-organic cannabis to a select group of patients across Canada known as The Growers’ Circle, allowing the company to perfect its distribution ahead of a planned production ramp-up later this year.

The Toronto-based company is now shipping its Unite Organic strain to more than 200 medical patients within Canada and plans to expand the list of Growers’ Circle members as more supply comes online.

READ: The Green Organic Dutchman ends 2018 with strong balance sheet, liquidity

“The launch of the Growers’ Circle is another significant moment in TGOD’s commercial story,” said Brian Athaide, the company’s CEO. “Our certified-organic cannabis is a premium experience for patients. We are proud of our product and excited to be sharing it with Growers’ Circle members.”

The company’s cannabis is grown in living soil without synthetic fertilizers, pesticides or herbicides, earning certified organic status by global certification bodies ECOCERT and Pro-cert.

Shares of The Green Organic Dutchman were up nearly 3% to $4.89 in Toronto and 2% to US$3.64 south of the border on Monday afternoon.

Contact Angela at angela@proactiveinvestors.com

Follow her on Twitter @AHarmantas

Quick facts: Green Organic Dutchman Holdings Ltd.

Price: 0.35 CAD

TSX:TGOD
Market: TSX
Market Cap: $134.63 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Green Organic Dutchman Holdings Ltd. named herein, including the promotion by the Company of Green Organic Dutchman Holdings Ltd. in any...

FOR OUR FULL DISCLAIMER CLICK HERE

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 13/12/19

2 min read