12:43 PM EST - The Green Organic Dutchman Holdings Ltd. : Announced that it has decided to add a 287,245 sq ft. purpose-built facility on its Valleyfield property capable of producing 40,000 kgs of premium organic cannabis. This facility will be dedicated to TGOD’s Beverage Division and increases the Company’s fully-funded capacity to 170,000 kgs. This newly dedicated cultivation building is being constructed to support TGOD’s previously announced Beverage Division Global-Strategic-Launch-Into-the-Beverage-Industry. This includes a state-of-the-art manufacturing campus designed to conduct strain-specific studies, develop organic IP, and create consumable optimized CBD / THC strains. Due to operating efficiencies within the 72.4 acre Valleyfield property, permits and cultivation licenses granted, the Company anticipates a significantly reduced construction timeline and budget. The Company will build this facility using excess cash raised in its IPO and subsequent bought deal financings. With the synergies to be realized on the existing 72.4 acre Valleyfield property, the construction timeline and unit costs for this additional building enhance the overall economics of the entire facility. The Green Organic Dutchman Holdings Ltd.
shares T.TGOD are trading off 2 cents at $7.03.
