() (OTCMKTS:TGODF) has won a victory as the city council in its hometown of Hamilton, Ontario, will allow the cannabis company to operate its cannabis greenhouse in Ancaster, Ontario
Confirmation by the local planning appeal tribunal of the Hamilton City Council’s move to permit the cannabis company to kick off production in the city is expected at a meeting set for April 25.
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“This is tremendous news for our company and for the city of Hamilton,” said Brian Athaide, CEO of The Green Organic Dutchman. “We are a global company that has its roots in Hamilton, and we are looking forward to expanding our production of high-quality, organic cannabis right here in our home town.”
When the cannabis company’s facilities in Ancaster, a community in Hamilton, are completed, they will be capable of growing 17,500 kgs of organic cannabis per year.
The newly-built greenhouse is expected to begin growing cannabis by June and will employ up to 85 people.
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The Green Organic Dutchman boasts operations focused on medical cannabis in Canada, Europe, the Caribbean and Latin America, as well as the Canadian recreational market.
Established by Dutch founders, the company grows organic cannabis in high-technology, eco-friendly and sustainable facilities. The cannabis is grown naturally in Canadian soil without the use of synthetic pesticides, herbicides or fertilizers and wrapped in eco-friendly packaging.
The Green Organic Dutchman shares rose 4.3% to hit $4.82 in afternoon trade Thursday.
Contact Ellen Kelleher at [email protected]
-- This article is updated to reflect latest share price movement --