tgodf - TGODF STOCK NEWS

The Green Organic Dutchman Holdings Ltd. (TGODF) has announced the launch of its Amsterdam Sativa 28g product in Ontario, starting on October 20, 2021. This product, recognized as a top-seller in other provinces, features organic high-THC Sativa flower with guaranteed THC levels between 20% and 26%. Each bag includes a humidity control pack. TGOD aims to expand its distribution to over 1,000 stores in Ontario, building on its success with organic cannabis products. The first shipment will have a potency of 24.5% THC.

The Green Organic Dutchman Holdings Ltd. (TGOD) has renewed its Canadian credit facility, extending the maturity date to June 30, 2023. This renewal includes an additional $1 million in working capital, raising the term loan portion to $17 million while reducing the total credit facility from $30 million to $25 million. The facility is secured by the company’s Ancaster greenhouse and accounts receivable. TGOD aims to achieve positive EBITDA monthly by March 31, 2022, which will enhance its working capital position and support growth towards profitability.

The Green Organic Dutchman (TGOD) has successfully transferred its Health Canada license to Cannara Biotech, enabling the production of premium organic cannabis in Valleyfield, Quebec. This collaboration is part of TGOD's growth strategy, allowing them to focus on meeting the increasing demand for locally-grown cannabis in Quebec, where they are a top seller. TGOD will continue to manufacture its 2.0 products within a 50,000 square foot facility in Valleyfield.

The Green Organic Dutchman Holdings Ltd. (TGOD) has received final approval from the Canadian Securities Exchange (CSE) to list its common shares and purchase warrants. This listing will take effect on September 13, 2021, following the voluntary delisting from the Toronto Stock Exchange (TSX) effective the same day. TGOD's CEO, Sean Bovingdon, stated that this move will accelerate their plans for entry into the U.S. market while ensuring seamless trading for shareholders. The ownership rights for current holders will remain unchanged.

The Green Organic Dutchman Holdings Ltd. (TGOD or Company) has received conditional approval from the Canadian Securities Exchange (CSE) to list its common shares and warrants, while applying for voluntary delisting from the Toronto Stock Exchange (TSX). This move is aimed at reducing filing fees and obligations, allowing TGOD to expedite its entry into the U.S. market. The delisting from TSX is expected to be effective by September 10, 2021, with CSE listing on September 13, 2021. The Company has initiated discussions with U.S. groups to enhance its market presence.

The Green Organic Dutchman Holdings Ltd. (TGOD) has completed its first international shipment of cannabis flower to South Africa, marking a landmark moment as the first legal commercial distribution of cannabis in the country. This shipment, approved by the South African Health Products Regulatory Authority (SAHPRA), signals TGOD's entry into an emerging medical cannabis market, setting the foundation for large-scale international commercialization in 2022. CEO Sean Bovingdon expressed confidence in the market potential and demand for TGOD's high-quality organic cannabis products.

The Green Organic Dutchman announced strong financial results for Q2-2021, reporting consolidated revenues of $11.82 million, a 32% increase from Q1-2021. The company paid down over $30 million in debt, enhancing its financial position. Canadian cannabis sales reached $10.4 million, representing a 55% increase quarter-over-quarter. However, the company recorded a net loss of $32.48 million, largely due to a non-cash loss from the sale of its Quebec Facility. Management remains focused on strategic growth and international opportunities.

The Green Organic Dutchman Holdings Ltd. (TGODF) is set to release its second quarter 2021 financial results on August 11, 2021, after market close. A conference call with analysts will take place on August 12, 2021, at 10:00 a.m. ET. Key speakers include CEO Sean Bovingdon and COO Michel Gagné. The call can be accessed via audiocast, with a replay available until August 19, 2021. TGOD focuses on premium organic cannabis products, including dried flower and oil, and operates in Canada and Europe.

The Green Organic Dutchman Holdings Ltd. (TGODF) announced preliminary unaudited gross revenue of $11.7 million for Q2 2021, marking a 30% increase from Q1 2021 and 143% growth year-over-year. The Canadian sales contributed $10.3 million, a growth of 55% compared to the previous quarter. To bolster growth, Gayle Duncan has been appointed as the Chief Growth Officer, focusing on enhancing sales and marketing in North America. The company will release consolidated interim financial results on August 11, 2021.