The Green Organic Dutchman Selects Shopify for Ecommerce Solution
August 09 2018 - 8:00AM
The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”)
(TSX:TGOD) (US:TGODF) announced today that it has selected Shopify
Inc. (“Shopify”) (NYSE:SHOP) (TSX:SHOP) to build an innovative
ecommerce platform for the delivery of medical and future adult-use
organic cannabis world-wide.
The Green Organic Dutchman Holdings Ltd. (TGOD)
is a research & development company licensed under the Access
to Cannabis for Medical Purposes Regulations (“ACMPR”) to cultivate
medical cannabis in Canada. TGOD is developing large scale
production, global distribution channels and a premium brand to
become the leading supplier of organic cannabis worldwide. TGOD is
committed to building a powerful, scalable ecommerce solution, and
is proud to implement Shopify’s innovative ecommerce platform.
Shopify is the leading cloud-based multichannel
ecommerce platform. The company was involved in the partnership
between TGOD and Epican Medicinals in Jamaica where they supplied
the retail point-of-sale system for Epican’s retail outlets.
Additionally, Shopify is developing the pre-registration system for
medical patients throughout Jamaica. TGOD will leverage this
expertise as it plans for the sale of organic cannabis in domestic
and international markets.
“We are pleased to announce this agreement with
ecommerce giant Shopify,” said Csaba Reider, President of TGOD. “We
see tremendous value in this relationship and Shopify will play an
instrumental role in our ability to rapidly scale and provide our
premium organic cannabis to global markets.”
“We look forward to working with The Green
Organic Dutchman on the development of their online store for
medical and adult-use cannabis,” said Loren Padelford, VP & GM
at Shopify. “Our platform will allow TGOD to rapidly scale and
capitalize on emerging cannabis opportunities in a safe, secure,
and reliable way.”
On Behalf of the Board of Directors,The Green
Organic Dutchman Holdings Ltd.
ABOUT THE GREEN ORGANIC DUTCHMAN
HOLDINGS LTD.
The Green Organic Dutchman Holdings Ltd. is a
research & development company licensed under the Access to
Cannabis for Medical Purposes Regulations (“ACMPR”) to cultivate
medical cannabis. The Company carries out its principal activities
producing cannabis from its facilities in Ancaster, Ont., pursuant
to the provisions of the ACMPR and the Controlled Drugs and
Substances Act (Canada) and its regulations.
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 170,000
kg and is building 1,382,000 sq. ft. of cultivation facilities in
Ontario, Quebec and Jamaica.
The Company has developed a strategic
partnership with Aurora Cannabis Inc. (TSX:ACB) whereby Aurora has
invested approximately C$78.1 million for an approximate 17.5%
stake in TGOD. In addition, the Company has raised approximately
C$350 million dollars and has over 20,000 shareholders.
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.
CONTACT INFORMATION
Investor Relations
Email: invest@tgod.ca Phone:
1 (416) 900-7621www.tgod.ca
Forward-Looking Information Cautionary
StatementThis news release includes statements containing
certain "forward-looking information" within the meaning of
applicable securities law ("forward-looking statements"). Forward
looking statements in this release includes, but is not limited to,
statements about the future legalization of recreational cannabis
and cannabis-infused products in Canada, statements about future
research, development and innovation by the Company, statements
about the offering of any particular products by the Company and
statements regarding the future performance of the Company.
Forward-looking statements are frequently characterized by words
such as "plan", "continue", "expect", "project", "intend",
"believe", "anticipate", "estimate", "may", "will", "potential",
"proposed" and other similar words, or statements that certain
events or conditions "may" or "will" occur. These statements are
only predictions. Various assumptions were used in drawing the
conclusions or making the projections contained in the
forward-looking statements throughout this news release.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made, and are subject
to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from
those projected in the forward-looking statements. The Company is
under no obligation, and expressly disclaims any intention or
obligation, to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as expressly required by applicable law.
Neither TSX nor its Regulation Services Provider
(as that term is defined in the policies of Toronto Stock Exchange)
accept responsibility for the adequacy or accuracy of this
release.
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