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PR about the growers circle at this point in time would only offer incomplete info. They are still in testing/feedback mode and still collecting data.
Epican update from TGOD
THE GREEN ORGANIC DUTCHMAN PROVIDES JAMAICAN OPERATIONS UPDATE
TORONTO – February 22, 2019 -- The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF) is pleased to provide a detailed update on its Jamaican partner Epican Medicinals Ltd. (“Epican”).
In June 2018, TGOD purchased 49.18% interest in Epican, a fully integrated Jamaican cannabis company with cultivation, extraction, manufacturing and retail distribution licenses. Significant progress has been made towards expanding cultivation, opening additional retail dispensaries, and establishing a leadership position in Jamaica’s robust medical cannabis market.
HIGHLIGHTS
•Leased a 100-acre parcel of land in Trelawny Parish, with land clearance underway to increase production with a 2,000 kg pilot towards a 14,000 kg operation. The 14,000 kg is expected to utilize approximately 5% of the property with the potential for expansion as demand dictates
•Accelerated productive capacity while building inventory in advance of planned retail expansion
•Pursuing GMP certification at the Kingston Lab to facilitate global export
•Epican’s flagship ~4,000 sq. ft. Kingston retail location opened in July 2018 and has experienced continual month over month sales growth. Epican will soon open a Café adjacent to the retail store expanding initiatives to include cannabis-related events such as Puff and Paint and Cannabis Yoga
•Secured strategic locations in Montego Bay (on the “Hip Strip” Gloucester Ave.) and Negril (close to the world-famous “Rick’s Café”) for the planned second and third retail locations. The Montego Bay retail location is complete and ready to open pending authorization from the Cannabis Licensing Authority (“CLA”). Additional locations, including Negril, are planned for 2019 and 2020
•Expected to dramatically reduce delivery times across the island, Epican is piloting an industry first prescription delivery service for registered medical patients with a view to expand across the country subject to pilot success
•Testing the first high-technology cannabis vending machines including thumbprint scanners ensuring product access only to authorized patients
•Sponsored cannabis “Herb Cure” pavilion of the 2019 “Rebel Salute” music festival
•Increased employees from 17 to 40
Jamaica has long been recognized as a premier location for cannabis enthusiasts and Epican has deep roots in the country. Founders, the McKenzie brothers, have been at the forefront of the nation’s burgeoning medical cannabis industry, including extensive advocacy for the responsible development of the industry. Epican was awarded the country’s historic first cultivation license and continues to forge the path to serving the medical needs of the country’s 3 million inhabitants and nearly 4.3 million tourists each year.
“We have made incredible progress in Jamaica over the past 8 months,” commented Brian Athaide, Director and CEO of TGOD. “We plan to continue opening stores throughout the country, increasing productive capacity, and expanding our leadership in Jamaica. As Trelawny comes online in phases, we will accelerate production to meet growing demand within Jamaica and export product through TGOD’s distribution channels in Mexico and beyond.”
The 49.18% Jamaican investment is an integral component of TGOD’s international strategy, together with distribution and operations in Europe, Latin America and North America provide the Company with a strong foundation to rapidly expand organic initiatives across the globe.
On Behalf of the Board of Directors,
The Green Organic Dutchman Holdings Ltd.
CONTACT INFORMATION
Investor Relations
Email: invest@tgod.ca
Phone: 1 (416) 900-7621
Web: www.tgod.ca
Wow ! Unfortunately, this being a new sector in untested waters, who knows? I’m surprised where GW is - this could be a sleeper.
Making money, to sum it up.
There will be a temporary pop in the whole sector. The sector needs more companies with good 10-Q's and no hiccups Q over Q to get us to the point of not looking back.
As far as uplisting - ain't happening for at least a year. There's bigger fish to fry before that happens.
They don't meet the requirements to uplist to the big boards - at this point in time.
1000% - 1900% less ? Better check your math. 100% less of any number is zero.
Interesting.
They put the cart in front of the horse.
Called ETRADE today. They were a little clueless, but finally got somebody in the know. Had a good laugh with the guy. This is the first time they have seen this type of transaction procedure performed via a phone call. Didn't have an explanation as to why the default option wasn't automatically cash.
If you don't call it in, you will receive NOTHING !!
And they gave up the opportunity to takeover TGOD. ACB ain't lookin' too swift. The risk they took by expanding so fast is catching up. Expanding too fast has BK'ed a lot of companies. They teach you that in business school. Textbook mistake.
If he’s losing sleep, he should try a different strain.
It works out to 5-1/2 cents USD per share of TGODF owned. Minus fees. And its a net gain for tax purposes.
I just got an email from etrade explaining the deal. That one says payout 2/20/2019
Dividend pay date is 2/22/2019 on E*TRADE.
= 2.58 USD. Zzzzzz. :-/
I hope he divested before the spinout, or there may be concerns.
Great news ! This should help influence The Hamilton Board, I'm guessing.
If it hasn't already.
Premarket indicators AND the VIX are down. Isn’t that a little weird ?
They have Hempoland and Epican as revenue streams. Some big possibilities with Hempoland in sales and intellectual property.
Nice. That's a big increase !!! Should help the market cap.
Heck, sell both kidneys. Can I interest you in a second mortgage while I have your attention ? LOL !
These guys aren't dummies. They move with calculated risk, based on data.
Hate to say it, but looks like an initial money burn, akin to pharma R&D, clinical trials up to NDA. This is the "do or die" division.
cultivation license for operations in Denmark.
We are all slaves to something. :-/
Europe might be a “back door” to the USA industry.
There's different parameters you can use. You can't use the 200/50 because we haven't reached 200 trading days yet.
As far as the 200/50 goes, it's not even close to crossing.
I’m holding out for a Hemp cloth flag I can fly on my boat.
1000 x .15= 150 units
Those 150 units are sold for you at 50 cents a unit (Cad) for $75 (Cad) total. $75 Cad is approximately $57 U.S. minus fees, expenses and capital gain tax.
No estimation required - the terms are black and white.
Anybody wanting shares for spin out offer should buy by Monday closing to ensure the transaction settles by the x-date. I’m expecting decent volume Monday.
The math works out to 7.5 cent/share (Canadian currency) or 0.05623 cents U.S. currency. Minus fees, taxes, commissions and whatever else they can think of.
I'm wondering if the U.S. shutdown will effect logistics of the transaction on both sides of the border.
Good post. One worth saving. Thanks!
Yes. It might take a couple months.
Your broker would receive 525 "units" to sell on your behalf at .50/unit (Canadian currency. It is treated as a capitol gain, so you pay taxes and transaction fees.
It was promoted months ago. U.S. will receive about 22-23 cents/share (U.S. currency) minus fees, taxes and expenses.
I'd rather have cash than shares anyways. Shares are restricted.
I hope you are right. If this goes through, bad for the whole sector. We would see more takeover attempts not beneficial to longs.
Green Growth Brands. Low balled hostile takeover may not happen.