- Signed LOI with
Quebec -based Chocolatier to produce premium cannabis-infused chocolates at TGOD'sValleyfield site - Production equipment for Ripple Dissolvable Powders and TGOD Organic Teas successfully relocated from contract manufacturer and set up at
Valleyfield , eliminating capacity challenges and providing supply agility - Production of concentrates and Ripple Gummies has commenced
- Hiring for several positions to support production ramp up and new product lines
As part of its portfolio expansion strategy, TGOD plans to launch a line of premium cannabis-infused chocolates. The new product line will be produced using high-quality Belgian chocolate, organic gourmet ingredients, and infused using RIPPLE's proven fast-acting cannabis technology.
Valleyfield Reconfiguration
As previously disclosed, considering capacity challenges with third party processing, the Company made the strategic decision to transform its licensed facility located in
The equipment relocation has now been completed, with production of RIPPLE Dissolvable Powders and premium teas expected to restart this month. TGOD has also begun production of concentrates and Ripple Gummies in
"As we conducted a complete review of our operations, we saw the opportunity to leverage
Hiring Drive
TGOD is currently hiring for several positions to support its production ramp up. The Company is looking for a broad range of profiles, from Process Engineers to Edibles Manufacturing Team Leads to Quality Control Technicians, and more. Interested candidates can submit their application at https://www.tgod.ca/pages/careers.
About The
The
TGOD's Common Shares and warrants issued under the indentures dated November 1, 2017 and December 19, 2019 trade on the TSX under the symbol "TGOD", "TGOD.WT", "TGOD.WS" and "TGOD.WR", respectively, and TGODF trades in the US on the OTCQX. For more information on The
Cautionary Statements
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 include, but are not limited to, statements about new product launches, statements about production capabilities, and statements about the Company's ability to offer certain products in certain jurisdictions. Forward–looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "should", "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 (including market conditions) and other factors that could cause actual events or results to differ materially from those projected in the forward–looking statements, including those risk factors described in the Company's most recently filed Annual Information Form available on SEDAR. 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 the TSX nor the TSX's Regulation Services Provider (as that term is defined in the policies of
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