viewGreen Organic Dutchman Holdings Ltd.

The Green Organic Dutchman receives Health Canada licence to sell cannabis oils

CEO Brian Athaide says this will allow the company to transform its ‘premium quality’ organic raw material into a variety of ‘higher-margin’ cannabis products

Products made by The Green Organic Dutchman
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

The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) announced Monday that it has received its oil sales licence from Health Canada.

This news follows a key settlement with the Hamilton City Council which will allow the cannabis company to operate its cannabis greenhouse in Ancaster, Ontario.

The Green Organic Dutchman received its oils production licence in April 2018 and subsequently installed an advanced CO2 extraction system, capable of processing ultra-pure, environmentally friendly, organic cannabis oils.

READ: The Green Organic Dutchman wins approval from council to operate greenhouse in Ancaster, Ontario

The process is free of “toxic solvents” and does “not require any winterization protocol,” said the company. The result of this specialized extraction process is a “precisely concentrated, aromatic golden-brown oil” that is as close to the original plant composition as can be achieved.

The Green Organic Dutchman’s premium cannabis products, including its cannabis oils, are certified organic by ProCert and its growing process is certified organic by both ProCert and Ecocert.

The company’s oil extraction facility was built to Good Manufacturing Practices specifications, and work is underway for European Union GMP certification, which will allow the company to expand distribution of its certified organic cannabis oils beyond Canada to global markets.

"We are pleased to offer TGOD's medical patients access to new premium certified organic cannabis oils," said Green Organic Dutchman CEO Brian Athaide.

Value addition

Athaide said the move will allow the company to transform its “premium quality organic raw material” into a variety of “higher-margin” cannabis products which is core to its business plan.

“It provides us with the opportunity to bring to market innovative and novel products, including beverages and edibles, once regulations permit. Cannabis 2.0 is rapidly approaching, and we will be ready," said Athaide.

The company’s oils will be as close to the “original plant as possible, including terpene profiles to realize entourage effects,” said the company. The process is easily customizable to create full-spectrum strain-specific oils, as well as oils of varying cannabinoid and terpene concentrations.

"Oil is predominantly a medical product, and patients want clean, organic efficacy with safe and easy delivery," said Dr Rav Kumar, chief science officer at Green Organic Dutchman. "Through our certified organic product and process we know we are providing patients the best possible experience."

In March, the first group of patients, the Growers' Circle, received access to purchase the company’s first certified organic cannabis strain through the website. The company’s Unite Organic Cannabis Oil, derived from a high-potency THC-dominant strain, will begin shipping later this month.

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.

When the cannabis company’s facilities in Ancaster, a community in Hamilton, are completed, they will be capable of growing 17,500 kgs of organic cannabis per year.

The newly-built greenhouse is expected to begin growing cannabis by June and will employ up to 85 people.

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 

Quick facts: Green Organic Dutchman Holdings Ltd.

Price: 0.72 CAD

Market: TSX
Market Cap: $226.73 m

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