The Green Organic Dutchman (TSX: TGOD) (OTC: TGODF), a leading producer of premium certified organically grown cannabis, has provided a corporate update. The update notes operations highlights and progress on its strategic business plan, including a look at opportunities both in the United States as well as internationally. In addition, the update noted that asset monetization was underway and that the company is achieving higher potency and yield in harvests. By initiating the process of monetizing underutilized assets, the company hopes to increase its financial flexibility in order to reduce debt and capitalize on future opportunities. The update noted that TGOD is exploring options for an entry into the U.S. market, and those efforts include discussions with investment advisors on potential acquisition and partnership opportunities as well as a possible application for listing on the Canadian Stock Exchange, which would allow for investment capability into the United States. The update also noted the company’s recent launch of Organic Sugar Bush, a high-THC sativa variety. “We are pleased with the level of bids for the full Valleyfield facility, which upon closing would allow us to potentially retire all debt and provide additional expansion working capital,” said The Green Organic Dutchman CEO Sean Bovingdon in the press release. “Furthermore, most of the offers include the ability for TGOD to leaseback the small portion of the Valleyfield Facility we are currently using, such that there will be minimal disruption to our current operations at the Valleyfield Facility and no requirement for the company to expend capital for any relocation. . . . We are excited by the progress in quality, consistency and potency of our flower portfolio and remain optimistic about the company’s financial prospects, as we expand distribution and add new SKUs to boost our sales in the coming months.”
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About The Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman is a premium certified organically grown cannabis company focused on the health and wellness market. Its organic cannabis is cultivated in living soil, as nature intended. The Company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. Its two Canadian facilities have been built to LEED certification standards and its products are sold in recyclable packaging. In Canada, TGOD sells dried flower and oil, and recently launched a series of next–generation cannabis products such as hash, vapes, organic teas and dissolvable powders. Through its European subsidiary, HemPoland, the company also distributes premium-hemp CBD oil and CBD-infused topicals in Europe. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale. For more information about the company, please visit www.TGOD.ca.
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