Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) today announced that its joint venture (“JV”) production partner, Knud Jepsen, has received an initial cannabis business authorization from the Danish Medicines Agency, the government body responsible for issuing cannabis related licenses. According to the update, the license will allow Kund Jepsen to begin immediate importation of starting materials and research and development related to the creation of elite cannabis genetics. Under the terms of the completed definitive agreement, Knud Jepsen will submit a request to the Danish Medicines Agency for the assignment of this license to the TGOD-Knud Jepsen Danish joint venture, which is underway with expected completion in the coming weeks. The initial license will enable importation of starting materials, the receipt, possession, cultivation and processing of cannabis, and analytical sample distribution and export to foreign labs. Upon cultivation and harvest of three confirmed and consistent crops, an additional authorization license will be granted to allow for the sale of authorized medicinal cannabis products. “Knud Jepsen is a proven leader with a track record of excellence in genetic discoveries, R&D and large-scale cultivation,” The Green Organic Dutchman Holdings Director and CEO Brian Athaide stated in the news release. “TGOD is working with Health Canada to export starting materials from Canada into Denmark and we look forward to accelerating our expansion throughout Europe.”
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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. The company 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 funded capacity of 170,000kgs and is building 1,382,000 sq. ft. of cultivation facilities across Ontario, Quebec and Jamaica. For more information, visit the company’s website at www.TGOD.ca
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