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Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) To Lower Financing Requirements

Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) has introduced a new strategic plan, which will not only help the company lower its financing requirements, but will also help achieve its profitability targets. Brian Athaide, the CEO, expressed that these actions mark as the next logical measures towards the firm’s road to profitability. Their strategy has always focused on an unparalleled scale, but they will not shy away to focus on operational efficiencies where the scale will fail.

Increase production, lower costs

Green Organic is scaling back SG&A to bring its emphasis on operational readiness in sales, production, and Cannabis 2.0. The company will advance its project in Valleyfield in smaller phases. Six rooms are finalized in Valleyfield hybrid greenhouse.

The focus is also on Ancaster processing facility, which is approaching material completion. The Ancaster site is expected to be fully completed by the close of the fourth quarter, including the Ancaster processing facility. Green Organic is expected to achieve a production of 20,000 kg to 22,000 kg, both facilities combined, in 2020. Ancaster is expected to achieve an annual production of around 12,000 kg in 2020.

The current market conditions have made Green Organic opt for new construction and operating strategy. This new plan will lower cash requirements, with a production increase, which will eventually help the firm to record positive operating cash flow in the second quarter of 2020.

The firm will need around $70 million to $80 million until Q2 2020 to implement the plan. Green Organic has appointed an advisor to evaluate different options for getting the expected funding. The funds may be arranged either from lower-cost financing, or operating cash flow, provided they achieved planned production and revenue from the company’s Ancaster and the smaller initial phase of Valleyfield.

The existing legal market in Canada is still growing at a sluggish pace, mainly following a slow launch of retail sites in major provinces. As a result, the new strategy will enable Green Organic to right-size its production that will help capture the organic segment. Further, it will maintain their option to accelerate and grow quickly as more retail sites begin to open.

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Marijuana

Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) Secures Pro-Cert Organic Certification For Its Valleyfield Facility

Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) recently revealed that it secured organic certification for its Valleyfield, QC facility from reputable organic certification expert Pro-Cert.

The organic certification for the Valleyfield facility represents an important milestone for the company because it solidifies its position as one of the top organic global cannabis brands. It is however not the first certification that the company has achieved. It previously secured certification for its organic growing facilities located in Europe and Canada. The extra certification however highlights TGOD’s commitment towards maintaining its status as a leading cannabis brand.

“It’s exciting to reach new milestones as we begin commercial production. Growing certified organic cannabis at scale is a highly complex process which has taken time, great care and extensive research to refine,” stated TGOD CEO Brian Athaide.

The CEO also revealed in his statement that TGOD’s facilities are subjected to a comprehensive certification process to maintain high-quality standards. This also ensures that the facilities efficiently at all the stages. Athaide’s statement also noted that the company’s team created proprietary methods that take advantage of the benefits of growing on rich soil to maintain organic integrity across the production chain.

Pro-Cert delivers a high-quality certification level that is accredited and ISO 17065 compliant. This is one of the reasons why it has earned itself global recognition.

TGOD unveils Global Strategic Hemp Division

TGOD also recently launched its Global Strategic Hemp Division as part of its push into the global CBD and hemp market. The company created the new division to speed up the creation and commercialization of new products and also to promote growth.

Speaking about the launch, Athaide laid down the statistics, noting that the CBD market will likely be worth $22 billion by 2022 and that it will be characterized by heavy demand. A noteworthy proportion of the market demand is the demand for organic CBD products.

 TGOD therefore has a chance to leverage that growth by implementing a strong growth strategy that will help maintain its spot as one of the major CBD brands recognized globally. Fortunately, the company is well-equipped with a strong and experienced team to help achieve those goals.

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Marijuana

Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) Kicks Its Global Expansion Plan Into High Gear Through Its New Global Strategic Hemp Division

Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) recently unveiled its Global Strategic Hemp Division through which it plans to expand its presence into the global organic CBD and hemp market.

The newly launched Global Strategic Hemp Division will take advantage of The Green Organic Dutchman’s knowledge of the hemp CBD market in Europe. This will allow the company to fast-track its growth and also speed up the production and commercialization of new offerings throughout its network with the help of its international partners.

“With the global CBD market expected to hit $22 billion in less than 3 years, it is clear that the segment is drawing substantial consumer demand,” stated TGOD CEO, Brian Athaide.

TGOD already has the technical know-how that it needs to expand in

The CEO also noted in his statement that the company’s team has years of experience in the CBD sector and that they are excited about using that experience in the expansion strategy. Athaide also added that CBD is the ideal product for the company because it aligns with TGOD’s focus on organic products. The

CEO also believes that now is the ideal time to focus on a global expansion strategy because CBD is increasingly gaining more popularity across that world. TGOD has also been building up its business in preparation for more market share. For example, it acquired HemPoland last year, which allowed it to gain access to more intellectual property.

The acquisition seems to have paid off because HemPoland’s Q1 2019 revenue grew by roughly 30% due to the rising demand for top-grade CBD products in the European region. Meanwhile, the new Global Strategic Hemp Division is a great addition, especially to TGOD’s international partners. Some of those partners offer training for standard operating procedures, organic methods and they even provide genetics and regulatory insights.

TGOD has already secured a distribution agreement through its partnership with a German pharmaceutical called Mediakos through HemPoland. TGOD also plans to leverage its existing partnerships as part of its plan to venture into the U.S CBD market. Meanwhile, the company already has a Canadian subsidiary whose operations in the country are licensed by Health Canada.

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Marijuana

Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) Secures Cannabis Cultivation License In Denmark

Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) closed Friday’s trading session at $2.81, and it kicked off February with the announcement that it had been awarded a cannabis cultivation license in Denmark.

The company announced towards the end of January that it received the license to grow cannabis from the Danish Medicines Agency. The latter is the government authority that issues marijuana-related licenses in Denmark. TGOD got the license through Knud Jepsen, its joint venture partner who received the license. The license will allow Knud Jepsen to start importing the materials that they require to kick off the research and development process that is involved in creating cannabis genetics of the highest pedigree.

The license that has already been issued by the Danish Medicines Agency was issued under the agency’s Development Scheme. The awarded license facilitates, activities related to import, possession, cultivation as well as processing of cannabis. The two companies also expect to receive an additional license to allow them to sell their cannabis products for medical purposes.

“We are incredibly pleased with the quick receipt of this license from the Danish Medicines Agency,” stated Knud Jepsen CEO, Frands Jepsen.

The joint partnership will focus on market expansion

The CEO also noted that they received the initial license after filing for it with the Danish Medicines Agency. Jepsen also noted that his company has developed a strong relationship with the parties involved and that they jointly intend to work together with the Danish regulatory body. TGOD and Knud Jepsen have a production facility that measures 7,500 sq. Ft whose phase one is capable of producing 2,500 KG annually. It initially plans to supply the product to the Danish medical market.

The two companies have also created another joint venture that is focused on genetically modified cannabis trials. Jepsen stated that the joint venture between TGOD and Knud Jepsen is a vital opportunity for TGOD to expand its product portfolio in the European market. This is because the joint venture will take advantage of Jepsen’s expertise which it has gained over the 80 years that it has been in the market. The collaboration will also allow TGOD to focus on building its distribution channels and global sales.

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