The Green Organic Dutchman Announces Board Resignation

The Green Organic Dutchman Announces Board Resignation

The Green Organic Dutchman Holdings Ltd. (TSX:TGOD, US:TGODF) announced today that Cam Battley has resigned from the Board of Directors.

The Green Organic Dutchman Holdings Ltd. (CNW Group/The Green Organic Dutchman Holdings Ltd.)

“Mr. Battley played a valuable role on the TGOD Board and the Company would like to thank him for his support,” said Jeff Scott, Chairman.

The Company has been actively engaged in a continuous search for outstanding individuals to join its team and will announce any changes.

“TGOD has a strong business plan, exceptional leadership group, and a focus on implementation. We’ll continue to execute on our plan of becoming the world’s largest premium organic cannabis new, as we proceed into the upcoming stages of TGOD’s strategic international growth,” said Brian Athaide, TGOD’s CEO.

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”) to cultivate 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 develops principles that are all-natural, high quality, organic cannabis with sustainable. TGOD’s products are lab tested to ensure patients have access to a product that is secure, standardized and consistent.  TGOD has a funded capacity of 170,000 kg and is constructing 1,382,000 sq. ft. of cultivation facilities in Ontario, Quebec and Jamaica. 

The Company has developed a strategic partnership with Aurora Cannabis Inc. (TSX:ACB) whereby Aurora has invested approximately C$78.1 millionfor a 20 percent off-take agreement on Canadian production. Approximately C$ 350 million dollars have been raised by the Company 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.

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 isn’t limited to, statements about the future legalization of recreational cannabis and cannabis-infused goods in Canada, statements regarding future research, development and innovation by the Company, statements regarding the offering of any specific products by the Company in any jurisdiction and statements concerning the future performance of the firm. Forward-looking statements are often characterized by words such as”plan”,”continue”,”anticipate”,”project”,”intend”,”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. Numerous assumptions were used in drawing the conclusions or making the projections found throughout this news release in the forward-looking statements. 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 and other factors that may cause actual events or results to differ materially from those projected in the forward-looking statements. The Company expressly disclaims any intention or obligation, and is under no obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by 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.

SOURCE The Green Organic Dutchman Holdings Ltd..

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Released at Thu, 27 Sep 2018 15:02:25 +0000

Posted in: Investing

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