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The Green Organic Dutchman Holdings Ltd

The Green Organic Dutchman extends licenses at Ancaster cannabis facility until August 2022

The organic cannabis producer is close to completing construction of a third building at the Ancaster facility, which is expected to be a state-of-the-art hybrid greenhouse

Cannabis greenhouse
The Health Canada licenses allow TGOD to cultivate, process and sell cannabis from the Ancaster site

The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) announced Friday that the cannabis cultivation licenses for its modern greenhouse facility in Ancaster, Ontario have been extended.

The Toronto-based company said that it had successfully renewed the Health Canada licenses until August 2022. The licenses allow TGOD to cultivate, process and sell cannabis from the Ancaster site.

READ: The Green Organic Dutchman hails organic certification at flagship Valleyfield facility

TGOD is close to completing construction of a third building at the Ancaster facility, which is expected to be a state-of-the-art hybrid greenhouse. Once completed, the cannabis company will boast 166,000 square feet of greenhouse space and an annual production capacity of 17,500 kilograms at the site.

"From day one, the entire team at TGOD placed a strong focus on ethics and compliance,” said Brian Athaide, CEO of TGOD.

“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."

TGOD also told shareholders that it is looking to export cannabis globally once it receives an eGMP certification.

The cannabis company has a planned capacity of 219,000 kgs and is building over 1.6 million square feet of cultivation and processing facilities across Ontario, Quebec, Jamaica and Denmark.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

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Price: $2.69

Market: TSX
Market Cap: $740.95 m
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