TORONTO, Nov. 15, 2018 /CNW/ - The Green Organic Dutchman
Holdings Ltd. (the "Company" or
"TGOD") (TSX:TGOD) (US:TGODF) is pleased to announce a
supply partnership with Velvet Management Inc. for sales and
distribution to provincial liquor and cannabis boards across
Canada. Velvet is a new company
with distinct ownership created by the largest wine distributor in
Canada, Philippe Dandurand Wines.
TGOD is committed to best-in-class distribution for its premium,
certified organic cannabis. Sales and relationships with provincial
cannabis and liquor boards is a critical aspect to TGOD's success.
Through the partnership with Velvet, TGOD has secured a strong
entry point with every provincial liquor and cannabis board across
Canada.
Dandurand has been a successful Canadian enterprise since 1968,
specializing in importing wines from various countries around the
world. Dandurand is the largest wine importer/agent in Canada, managing more than $625 million of retail sales across 1,600 stores,
and 4 million cases in annual volume. With over 115 employees and
offices in Montreal, Toronto, Calgary and Vancouver, Dandurand has the largest wine
salesforce in the country.
With representation in every Canadian province and territory,
Dandurand has received multiple awards from provincial boards
including the LCBO's prestigious Partner of the Year award. The
Dandurand portfolio of brands is one of the most powerful and
diverse portfolios in Canada. One
in ten bottles of imported wine in Canada is sold by Dandurand.
Leading up to Canada's
adult-use market, Dandurand established Velvet Management Inc. to
focus on the sales and marketing of cannabis brands. TGOD is the
first cannabis partner and will be exclusive in the certified
organic segment. TGOD as the brand owner will maintain
responsibility for brand marketing.
"TGOD's cannabis is a premium offering, the best experience a
consumer can receive," said Csaba
Reider, President of TGOD. "When we began the search for a
distribution partner, we wanted the best - a partner with
significant distribution capabilities and years of excellence in
selling premium alcohol and wine. In Velvet Management we have
found that partner."
"This is a pivotal step in our sales and distribution strategy,"
said Mike Gibbons, Vice President of
Sales. "Velvet will be a powerful partner with their knowledge of
the industry, extensive contacts, and second to none distribution
capabilities. We look forward seeing the tremendous success
achieved by Dandurand in the wine and alcohol industry translate to
the cannabis sector."
"At Velvet, we are committed to selling only the highest-quality
cannabis," said Vianney Aubrecht,
President of Velvet. "TGOD does things the right way, from organic
certification, to packaging and branding. It's a model we are used
to in the wine business, and we have very high expectations for the
TGOD brand."
ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD
The Green Organic Dutchman Holdings Ltd. is a premium global
organic cannabis company, with operations focused on medical
cannabis markets in Canada,
Europe, the Caribbean and Latin
America and 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 170,000 kgs and is building
1,382,000 sq. ft. of cultivation facilities across Ontario, Quebec and Jamaica.
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.
Forward-Looking Information Cautionary Statement
This 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 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 in any
particular territory 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.
SOURCE The Green Organic Dutchman Holdings Ltd.