Brian Athaide Appointed TGOD’s CEO, Julia Golubovskaya Appointed Interim CFO

The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) (US:TGODF) reports the resignation of CEO, Co-Chairman & Director, Mr. Robert Anderson, effective immediately, due to health concerns.

To ensure an orderly transition and continued rapid execution on the business ’s business strategy, the Board has appointed Mr. Brian Athaide, TGOD’s current CFO, to the position of CEO.  Mr. Athaide has 29 years of global executive experience including CFO and Executive Vice President, Human Resources and Information Technology of Andrew Peller Limited, the biggest publicly traded wine and craft alcohol manufacturer in Canada.  Mr. Athaide’s focus on value creation helped empower the stock price to increase to 400% in only three decades. Previous to Andrew Peller Limited, Mr. Athaide spent 25 years at Proctor & Gamble Co., moving through progressively more senior positions across eight states, culminating as the Finance Director and CFO of the multi-billion-dollar consumer products business across Russia, Ukraine and Central Asian markets. 

Mr. Athaide has significant consumer products experience in North America, Europe, Asia, and Latin America leading acquisition integrations, developing corporate strategy, managing foreign exchange devaluations, banking crises, economic and political turmoil and higher market volatility. Mr. Athaide managed to navigate each these experiences decisively and effectively, finding new and innovative ways to achieve success, even in challenging market conditions. 

The Board has appointed Julia Golubovskaya, Vice-President, Finance as interim CFO. She’s led multinational and multicultural teams in diverse financial fields across various categories and geographies. Ms. Golubovskaya has a proven ability to lead and adapt to change in challenging environments while exceeding financial goals, organizational participation and productivity targets.

Mr. Anderson will continue to be available to assist the Company as required. The Board of Directors, management team, and all TGOD staff wish to thank Mr. Anderson for his tireless efforts and valuable contributions to the rapid and successful development of the Company and wish him a successful recovery.  After Mr. Anderson has fully recovered, TGOD would welcome his return in any acceptable capacity.

“I feel blessed to undertake this new role as CEO and confirm the Company delivers on its competitive yet de-risked business plan. TGOD has assembled an unbelievable leadership team with a varied skill set across all aspects of our business including finance, M&A, sales, global markets, branding, marketing and operations. The operational and capital market aspects of this business are in exceptional hands and we’ll continue to execute on Rob’s vision of becoming the biggest, most precious organic cannabis brand in the world,” said CEO Brian Athaide.

Jeff Scott, currently serving as Co-Chair, will assume the role of Chairman of the Board.

On Behalf of the Board of Directors,

Jeff Scott
Chairman

ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD. 

The Green Organic Dutchman Holdings Ltd. is a research & development company licensed under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”-RRB- to nurture medical cannabis. The Company carries out its principal activities generating cannabis from its facilities in Ancaster, Ont., pursuant to the terms of the ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations.

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, secure and consistent product.  TGOD has a funded capacity of 116,000 kg and is building 970,000 sq. ft. of cultivation facilities in Ontario, Quebec and Jamaica.

The Company has developed a strategic partnership with Aurora Cannabis Inc. (TSX:ACB) where Aurora has invested approximately C$78.1 million for an approximate 17.5% stake in TGOD. In addition, the Company has raised approximately C$315 million dollars and has over 20,000 shareholders.

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.

CONTACT INFORMATION
Investor Relations
Mail: invest@tgod.ca
Telephone: 1 -LRB-416-RRB- 900-7621
www.tgod.ca

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 regarding the future legalization of recreational cannabis and cannabis-infused products in Canada, statements regarding future research, development and innovation by the Company, statements regarding the offering of any specific products by the Company and statements regarding the future performance of the firm. 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” happen. These statements are only predictions. Numerous assumptions were used in drawing the conclusions or making the projections found in the forward-looking statements during 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 many different 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.

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Released at Mon, 02 Jul 2018 12:53:40 +0000

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