For our fourteenth volume of our licensed producer series, we take a look at The Green Organic Dutchman (TGOD). TGOD is a licensed medical marijuana producer under the Access to Cannabis for Medical Purposes Regulations (ACMPR) in Canada. The company was first licensed to grow in 2016 and obtained its license to sell in August 2017.
The Green Organic Dutchman – Volume 014
The company was founded on August 18, 2016, with the aim of producing farm-grown and organic marijuana for medical use. TGOD owns 175 acres of land between Ontario and Quebec with over 970,000 sq. ft. of expansion space that allows for the production of up to 116,000kgs of premium quality, organic marijuana. The company began cultivating in late 2016 and currently has an indoor production facility that can produce 1000 kilograms of marijuana annually.
Rob Anderson – CEO & Director
Mr. Anderson has over 20 years’ experience in Capital Markets and financing, working with micro-cap firms in a wide variety of sectors. He has financed several marijuana companies in the last year with many of these companies reaching the $1 billion market valuation mark, for example, he raised $47 million for Emblem Corp.
Amy Stephenson – CFO
Ms. Stephenson has over two decades of experience in the Capital Markets and M&A advisory in both the public and private sectors. She brings a wealth of knowledge and experience to The Green Dutchman having worked extensively in the marijuana industry. She was previously the CFO at Aurora Cannabis and Bedrocan and also served as controller at Canopy Growth Corp., all respectable licensed cannabis producers under Health Canada’s AMCPR.
David Perron – Vice President
Mr. Perron is an agrologist with over fifteen years specializing in greenhouse production. He has a Master of Science Degree in Plant Sciences from McGill University. This is also where he started his career at McGill Greenhouses and Horticultural Research Centre. He has previously worked at Whistler Medical Marijuana Corporation, a licensed cannabis producer and currently also consults as the Chief Science Officer for Destiny Biotechnology, a firm offering living soil systems for organic marijuana production.
Locations and Facilities
The Green Organic Dutchman operates from the 175-acre piece of property it owns between Quebec and Ontario. They began planting in an enclosed 7,000 square foot facility that can produce up to 1,000kgs of marijuana per year in late 2016. In December 2016, they acquired an additional 75 acres (to make a total of 175 acres) for the purpose of implementing a 2-phased expansion plan that would increase production capacity to 116,000kgs annually by 2018. To date, TGOD has a financed capacity of 150,000 sq. ft. which represents an annual output of 14,000kgs on the 175 acres of land. When completed, the project will have a total production space of 970,000 square feet.
TGOD Growing and sales Licenses
The Green Organic Dutchman Ltd. got its license to cultivate medical marijuana under Health Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR) on August 17, 2016.
On August 11, 2017, they received a sales license to sell to other Licensed Producers and have currently made an application for an oil extraction license.
Sales and Products
TGOD differentiates itself from other licensed growers by creating 100% non-irradiated organically grown marijuana with no chemicals. Once phase I of the expansion plan is complete, the 150,000 square foot facility will be capable of yielding 14,000kgs of marijuana that is expected to bring in approximately $112 million in revenue when selling $8 per gram of dried cannabis. Furthermore, TGOD is constructing commercial-scale extraction unit that is able to produce up to 12,000kgs of raw oil annually to be used for extracting cannabis oils. This facility is expected to record an estimated $170 million dollars in revenue from marijuana oil sales every year.
Subsidiaries and Partnerships
The Green Organic Dutchman has partnered with major project expansion leads to ensure that the company’s expansion plan is completed on time while still remaining a low-cost marijuana producer. They have partnered with Eaton, the second largest power company in the world to ensure excellent power management and energy optimization. In addition, Ledcor, one of Canada’s leading construction professionals in project and construction management is set to handle TGOD’s expansion plans with emphasis on energy efficient solutions.
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