The Green Organic Dutchman Holdings Ltd. Provides Statement Regarding its Wholly Owned Subsidiary HemPoland

Rhea-AI Summary

The Green Organic Dutchman Holdings Ltd. (TGOD or TGODF) addresses claims of an acquisition offer for its subsidiary, HemPoland, amidst rising interest in the European CBD market. The company regularly receives inquiries about HemPoland, including a recent offer from Labocanna SA, but has yet to accept any proposals that reflect appropriate value. With the hemp industry expanding rapidly in Poland, TGOD is positioned to leverage its European subsidiary for growth. TGOD produces premium organically grown cannabis, highlighting its commitment to environmental sustainability.

Positive

• Regular inquiries about HemPoland indicate strong interest in the company's assets.
• TGOD is positioned to capitalize on the expanding European CBD market.

Negative

• No offers received for HemPoland have demonstrated appropriate value, suggesting potential undervaluation.

TORONTO, Feb. 11, 2021 /PRNewswire/ - The Green Organic Dutchman Holdings Ltd. ("TGOD") or the "Company") (TSX: TGOD) (US: TGODF), a leading producer of premium certified organically grown cannabis, provides the following comment regarding claims of an offer to acquire HemPoland:

"There is growing interest in the European CBD market, and several companies have demonstrated interest in acquiring HemPoland as a way of increasing their value and entering this burgeoning market.  TGOD receives enquiries and offers about HemPoland on a regular basis, including recently from Labocanna SA. With the hemp industry continuing to expand at a rapid pace, especially in Poland, such situations can and will happen.  TGOD has not accepted any of the offers it has received to date, which have not demonstrated the appropriate value of the Company."

About The Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US–OTC: TGODF) 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.

TGOD's Common Shares and warrants issued under the indentures dated November 1, 2017, December 19, 2019, June 12, 2020, October 23, 2020, and December 10, 2020 trade on the TSX under the symbol "TGOD", "TGOD.WT", "TGOD.WS", "TGOD.WR", "TGOD.WA" and "TGOD.WB", respectively, and TGODF trades in the US on the OTCQX. For more information on The Green Organic Dutchman Holdings Ltd., please visit www.tgod.ca.

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 the interest in the European CBD market and statements about the future demand Hemp and CBD products in Europe.  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 Toronto Stock Exchange) accept responsibility for the adequacy or accuracy of this release.

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SOURCE The Green Organic Dutchman Holdings Ltd.

FAQ

What did TGOD announce regarding HemPoland on February 11, 2021?

TGOD announced it received inquiries and offers concerning its subsidiary, HemPoland, but has not accepted any offers due to inadequate value.

What is the significance of the European CBD market for TGOD?

The European CBD market is growing rapidly, presenting TGOD with opportunities for expansion through HemPoland.

Which company recently made an offer for HemPoland?

Labocanna SA recently made an offer for HemPoland, which TGOD has not accepted.

How does TGOD ensure the value of its subsidiary HemPoland is recognized?

TGOD has not accepted any offers for HemPoland that do not reflect appropriate value, indicating a focus on maximizing shareholder value.