The Green Organic Dutchman announced revised construction schedules with the aim of reducing its 2020 production capacity by 85% (from an expected 147,500 kilograms to between 20,000 and 22,000 kilograms) in the hopes of achieving profitability within a year.
NewsWire, MJ Biz Daily
- The company’s argument for reducing production as it waits for REC retail to become more established.
MarketWatch - TGOD is attempting to sell its Ancaster, ON facility in a sale-leaseback arrangement, allowing the company to collect profits from the sale while also arranging a lease offering four five-year lease renewals.
Deep Dive - The company has been attempting to secure a sale-leaseback agreement for a month and has not received suitable offers.
Twitter—Mark Rendell, Financial Post
Quick Hits
- Researchers at the University of Ottawa have invented a far cheaper and faster chip-based test for THC:CBD ratios. CBC Ottawa
- One of the first round of Ontario REC lottery winners wrote about the wild process of becoming a REC retailer overnight. Toronto Life
