"On behalf of the board of directors, we thank Brian Athaide for his contribution to TGOD and I am pleased that Sean has agreed to lead the Company at this critical juncture," commented Jeff Scott, Chairman of the board. In addition, Michel Gagné, Vice President of Operations, has been appointed Chief Operating Officer ("COO"), overseeing the Company's cultivation and processing … Our organic principles work to better the communities where we live and grow. In addition, Michel Gagné, Vice President of Operations, has been appointed Chief Operating Officer (COO), overseeing the company's cultivation and processing operations, supply chain and product development. Each unit is comprised of one Common Share and three-quarters of one common share purchase warrant of the Company. In addition, Michel Gagné, Vice President of Operations, has been appointed Chief Operating Officer (COO), overseeing the company's cultivation and processing operations, supply chain and product development. It’s all out there to you on demand. Everything you need to know about organic cannabis, product specifics and TGOD. The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (USâOTC: 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. A, HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, https://produceredition.webcasts.com/starthere.jsp?ei=1398895&tp_key=a3ee2c0b4a. Find contact's direct phone number, email address, work history, and more. The Company announced that Brian Athaide has left his positions as Chief Executive Officer ("CEO") and board director effective immediately. "During the third quarter, despite certain production challenges that have now been addressed, we continued to deliver growth following the launch of our mainstream brand, Highly Dutch, in Quebec as well as teas and RIPPLE dissolvable powders. 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. In addition, Michel Gagné, Vice President of Operations, has been appointed Chief Operating Officer ("COO"), overseeing the Company's cultivation and processing operations, supply chain and product development. On October 23, 2020, the Company secured additional financing by closing a transaction with gross proceeds of $12.78 million for new equity. TGOD's Common Shares and warrants issued under the indentures dated November 1, 2017, December 19, 2019, June 12, 2020 and October 23, 2020 trade on the TSX under the symbol "TGOD", "TGOD.WT", "TGOD.WS", "TGOD.WR" and "TGOD.WA", respectively, and TGODF trades in the US on the OTCQX. The Green Organic Dutchman Holdings Ltd. (OTC: TGODF) has entered into an agreement with Canaccord Genuity Corp. to purchase, on a bought deal basis an aggregate of 46,316,000 units at a price of $0.24 per Unit for aggregate gross proceeds to the Company of approximately C$11 million. Learn about offering your patients high-quality, certified organically grown cannabis. Forward looking statements in this release includes, but is not limited to, statements about revenues, production timelines, production volumes, general and administration costs, statements about the launch and distribution of the Company's new THC strains, mainstream cannabis and 2.0 products, statements about its operations in Quebec, and statements regarding the future cashflows and future performance of the Company. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forwardâlooking statements throughout this news release. TORONTO, November 10, 2020 - The Green Organic Dutchman Holdings Ltd. ("TGOD" or the "Company") (TSX: TGOD) (US: TGODF), announced today its financial results for the third quarter of 2020 ended September 30, 2020, and leadership changes. Its two Canadian facilities have been built to LEED certification standards and its products are sold in recyclable packaging. from 8 AM - 9 PM ET, Copyright © 2020 PR Newswire Association LLC. These statements are only predictions. The decision to swap CEOs “was made by the board of directors,” a spokesman for Green Organic Dutchman (TGOD) told Marijuana Business Daily via email. SOURCE The Green Organic Dutchman Holdings Ltd. Cision Distribution 888-776-0942 TGOD Chief Financial Officer, Sean Bovingdon, has been appointed Interim CEO. See Michel Gagne's compensation, career history, education, & memberships. TGOD Chief Financial Officer Sean Bovingdon has been appointed Interim CEO. Get BOGO deals from five CBD this holiday season The board of directors decided that a change in leadership was necessary to drive the Company forward as it enters its next phase of growth and continues to work towards achieving positive EBITDA and cash flow as rapidly as possible. A replay of the call will also be available through November 18, 2020 by dialing 1-416-764-8677 or 1-888-390-0541 (Passcode: 691087#). Quarterly revenue of $5.71 million consisting of sales from cannabis products in Canada of $3.84 million and hemp-derived product sales in Europe of $1.87 million. Of that, $3.84 million was … Barron's also provides information on historical … Learn about our international brands that share a passion for organic cannabis. This news release includes statements containing certain "forward‐looking information" within the meaning of applicable securities law ("forward‐looking statements"). 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. Sign up for the latest news and product updates so you don't miss out. The board of directors decided that a change in leadership was necessary to drive the Company forward as it enters its next phase of growth and continues to work towards achieving positive EBITDA and cash flow as rapidly as possible. -The Green Organic Dutchman Holdings Ltd., announced today its financial results for the third quarter of 2020 ended September 30, 2020, and leadership changes. Your prescription will expire on . About The Green Organic Dutchman Holdings Ltd. The Company will hold a conference call with analysts tomorrow, beginning at 9:00 a.m. (ET). On October 1, 2020, the Company agreed with its lender to extend the maturity date for its revolving credit facility to December 31, 2021, in exchange for common share purchase warrants to purchase 500,000 Common Shares at a price of $0.30 per share expiring November 2, 2025. All you need is an account and a cannabis prescription. View Michel Gagne's business profile as Vice President, Operations at The Green Organic Dutchman Holdings. The Company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. ... TGOD's Common Shares … Welcome! your password Net loss of $76.24 million consisting primarily of a non-cash impairment charge of $67.84 million realized during the quarter to reflect changes in the timing of accessing market demand, sales price compression across the industry, and the resulting slower revenue ramp up and growth. TGOD's Common Shares and warrants issued under the indentures dated November 1, 2017, December 19, 2019, June 12, 2020 and October 23, 2020 trade on the TSX under the symbol "TGOD", "TGOD.WT", "TGOD.WS", "TGOD.WR" and “TGOD.WA”, respectively, and TGODF trades in the US on the OTCQX. Topics starting from the function of small producers to international alternatives for Canadian firms, amongst others, have been mentioned at MJBizCon’s Passholder Days on Nov. 11. These filings are available for review on the Company's SEDAR profile at www.sedar.com. Production at the Quebec Facility of dissolvable powders, premium teas and concentrates has commenced, along with co-packing of third-party cannabis brands in October, which is helping absorb costs and better leverage the Company’s assets and licenses in Quebec. The Green Organic Dutchman to Release Third Quarter Financial... Loss from operations decreased by 68% in Q3 2020 compared to Q3 2019 to, The Company obtained a European Union Good Manufacturing Practice ("EU-GMP") certificate for its, The Company completed the necessary equipment transfers to transform its, The Company launched Organic Afghan Black hash under the Highly Dutch brand in. “We saw encouraging numbers in October as we sold more flower, additional RIPPLE and tea variants, and launched hash in Quebec. TGOD Chief Financial Officer, Sean Bovingdon, has been appointed Interim CEO. In addition, Michel Gagné, Vice President of Operations, has been appointed Chief Operating Officer ("COO"), overseeing the Company's cultivation and processing operations, supply chain and product development. In his new role as COO, he will work closely with the CEO on the Company's overall strategy and execution. Each warrant entitles the holder to acquire one Common Share of the Company until October 23, 2025 at an exercise price of $0.30 per warrant. TGOD saw total revenues for Q3 2020 total $5.7 million, which represents a 119% increase over the same quarter last … TGOD dismissed its CEO, Brian Athaide simultaneous with the release of its figures.
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