Wednesday, October 8, 2025

Latest

TGOD Receives Valleyfield Greenhouse License Amendment, Shifts Processing Functions

The Green Organic Dutchman (TSX: TGOD) announced this morning that all twenty four zones of its Valleyfield, Quebec facility have now been licensed by Health Canada following its latest license amendment. The company will now begin to shift some of its processing activities to the Quebec facility.

TGOD's Logo

The announcement this morning from TGOD is curious in relation to shifting certain functions to the facility. The company had previously announced that it had laid off the majority of its Valleyfield employees to cut costs, and would be delaying cultivation activities on site due to the capabilities of its Ontario facility. Further, the company recently announced that its Ancaster processing facility is now fully licensed, and was “designed to support processing activity including dedicated spaces for packaging of flower, oils, pre-rolls, and several Cannabis 2.0 products.”

Now, the company has indicated that it will shift some product processing functions to the Valleyfield facility with the advent of the Quebec facilities main greenhouse now being fully licensed, stating, “the Company also plans to leverage parts of the newly licensed space to shift a portion of its processing activities currently being handled at Ancaster or intended to be outsourced to third parties in order to optimize costs and production timelines of its 2.0 products.” The move is supposed to reduce bottlenecks, despite the firm now shipping product to a second facility to complete manufacturing, rather than previously conducting all functions at a single facility.

The company plans to gradually recommence cultivation activities at the Valleyfield facility as market conditions improve.

The Green Organic Dutchman last traded at $0.25 on the TSX.


Information for this briefing was found via Sedar and The Green Organic Dutchman. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

BZAM Ltd, Successor To TGOD, Files For Creditor Protection

Yet another Canadian cannabis operator is waving the white flag. BZAM Ltd (CSE: BZAM), whom...

Thursday, February 29, 2024, 08:58:03 AM

Is Aurora Cannabis Dumping The Green Organic Dutchman?

Aurora Cannabis (TSX: ACB) (NYSE: ACB) appears to be shopping its final holdings in The...

Tuesday, September 3, 2019, 06:29:12 PM

The Green Organic Dutchman Receives First Cultivation License at Valleyfield, Quebec Facility

The Green organic Dutchman (TSX: TGOD) announced this morning that it has finally received a...

Monday, November 25, 2019, 09:16:17 AM

TGOD Prospectus Estimates Company Will Have Just $59,131 In Cash By September 2021

Last week, The Green Organic Dutchman (TSX: TGOD) announced that it would be conducting an...

Wednesday, October 7, 2020, 01:31:14 PM

TGOD Generates $2.9 Million In Q1 2020 Revenues, $73.4 Million Net Loss

The Green Organic Dutchman (TSX: TGOD) reported first quarter 2020 financials this evening after market...

Tuesday, May 26, 2020, 08:40:04 PM