HAMILTON, ON, March 28, 2019 /CNW/ – The Green Organic Dutchman Holdings Ltd. (the Company or TGOD) (TSX: TGOD) is pleased that Hamilton City Council has voted to approve the Company’s settlement offer. This will allow TGOD to operate its cannabis greenhouse in Ancaster, Ontario, upon confirmation of the settlement by the Local Planning Appeal Tribunal at a meeting scheduled for April 25, 2019.
“This is tremendous news for our Company and for the city of Hamilton,” said Brian Athaide, CEO and Director of TGOD. “We are a global company that has its roots in Hamilton, and we are looking forward to expanding our production of high-quality, organic cannabis right here in our home town. This is important to TGOD’s ability to generate considerable near-term revenue while the Company continues to approach its global planned output of 219,000 kgs.”
Once complete, the combined facilities in Ancaster, Ontario will be capable of growing 17,500 kgs of organic cannabis annually. The newly constructed, LEED-designed purpose-built greenhouse is expected to begin growing by June and employ up to 85 people.
“We are committed to this city and we look forward to working with Council on achieving its goal of creating a Life Sciences Centre of Excellence in Hamilton. It has been a challenging year,” Athaide said, “but throughout it all, we have been encouraged by the hundreds of expressions of support from our neighbours, local businesses and the community.”
About The Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. is a publicly traded, premium global organic cannabis company.
With operations focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as the Canadian adult-use market, TGOD grows high quality, organic cannabis with sustainable, all-natural principles.
TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a planned capacity of 219,000 kgs and is building 1,643,600 sq. ft. of cultivation and processing facilities across Ontario, Quebec, Jamaica and Denmark.
TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.
For more information on The Green Organic Dutchman Holdings Ltd., please visit www.tgod.ca.