The Green Organic Dutchman Announces Stock Option and RSU Grants

Rhea-AI Summary

The Green Organic Dutchman (TGOD) has granted options to purchase up to 29,552,000 common shares at $0.13 each to directors, officers, employees, and consultants. Of these, 19,950,000 options were allocated to directors and executives. The options vest over three years and expire in five years. Additionally, restricted share units (RSUs) representing the right to receive 350,000 common shares were awarded to a consultant, contingent upon specific vesting conditions. This move is part of TGOD's efforts to ensure alignment between shareholder interests and management incentives.

Positive

• Grant of options may align management interests with shareholders.
• Total of 29,552,000 options granted, indicating company confidence.

Negative

• Options granted at a low exercise price of $0.13, reflecting potential dilution for shareholders.

TORONTO, April 7, 2022 /PRNewswire/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (CSE: TGOD) (US-OTC: TGODF), a sustainable global cannabis company, announces that it has granted options (each, an "Option") to purchase an aggregate of up to 29,552,000 common shares of the Company (the "Common Shares") to certain directors, officers, employees, and consultants of the Company, of which 19,950,000 Options were granted to directors and executive officers, and 9,602,000 Options were granted to employees and consultants. Each Option is exercisable into one Common Share at an exercise price per Common Share equal to $0.13. The Options vest as to 1/3 of the total number of Options granted on each of the first, second and third anniversaries of the grant date, and expire five years from the grant date. The Options are granted in accordance with the Company's share option plan adopted by the board of directors of the Company on May 12, 2021 (the "Option Plan").

Pursuant to the terms of the Company's amended and restated restricted share unit plan dated October 9, 2020 (the "RSU Plan"), restricted share units ("RSUs") representing the right to receive up to an aggregate of 350,000 Common Shares, subject to the satisfaction of certain vesting conditions, were also awarded to a consultant of the Company. Copies of the Option Plan and the RSU Plan are available under the Company's SEDAR profile at www.sedar.com.

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman Holdings Ltd. (CSE: TGOD) (US‐OTC: TGODF) is a sustainable, global cannabis company with a focus on innovation, quality, consistency, integrity and transparency. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale. The Company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. In Canada, TGOD serves the recreational market with a brand portfolio including The Green Organic Dutchman, Highly Dutch Organics, Ripple by TGOD and Cruuzy brands, and the medical markets in Canada, South Africa, Australia, and Germany. All cannabis utilized in products for The Green Organic Dutchman and Highly Dutch Organics brands is grown through a certified organic process, which includes living soil, filtered rainwater, sunlight, and natural inputs. Through its European subsidiary, HemPoland, the Company also distributes premium hemp CBD oil and CBD-infused topicals in Europe.

TGOD's Common Shares and Warrants issued under the indentures dated December 19, 2019, June 12, 2020, October 23, 2020 and December 10, 2020 trade on the CSE under the symbol "TGOD", "TGOD.WS", "TGOD.WR", "TGOD.WA", and "TGOD.WB" respectively. TGOD's Common Shares trade in the U.S. on the OTCQX under the symbol "TGODF". For more information on The Green Organic Dutchman Holdings Ltd., please visit www.tgod.ca.

Neither the CSE nor the CSE's Regulation Services Provider (as that term is defined in the policies of CSE) accept responsibility for the adequacy or accuracy of this release.

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SOURCE The Green Organic Dutchman Holdings Ltd.

FAQ

What options were granted by TGOD in April 2022?

TGOD granted options to purchase up to 29,552,000 common shares at $0.13 each.

How many options did TGOD grant to directors and executives?

TGOD granted 19,950,000 options to directors and executive officers.

What is the vesting schedule for TGOD's stock options?

The options vest in one-third increments on each of the first three anniversaries of the grant date.

What are the exercise conditions for TGOD's options?

Each option is exercisable into one common share at an exercise price of $0.13.

What additional equity compensation was mentioned in TGOD's April 2022 press release?

TGOD awarded 350,000 restricted share units (RSUs) to a consultant, subject to vesting conditions.