A higher standard of organic growing means no synthetic chemicals or pesticides. Log into your account. The Company launched Organic Afghan Black hash under the Highly Dutch brand in Quebec with initial sales exceeding expectations. TGOD saw total revenues for Q3 2020 total $5.7 million, which represents a 119% increase over the same quarter last year. We're defining the industry standard in organic sustainability practices. All Rights Reserved. About The Green Organic Dutchman Holdings Ltd. 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. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale. 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. TGOD has recently made changes to its operations leadership structure and appointed Michel Gagné as Vice President, Operations. View today's stock price, news and analysis for Green Organic Dutchman Holdings Ltd. (TGOD). your password your username. The Company launched vapes in Alberta and British Columbia, listed Highly Dutch mainstream flower in Manitoba, Newfoundland, Ontario, and Saskatchewan, and added Zen Green Sencha tea to its product assortment in Quebec. An audiocast of the conference call will be available on a listen-only basis at: https://produceredition.webcasts.com/starthere.jsp?ei=1398895&tp_key=a3ee2c0b4a. TGOD Chief Financial Officer, Sean Bovingdon, has been appointed Interim CEO. Registered patients with an active prescription can order certified organic cannabis products directly from TGOD. TGOD saw total revenues for Q3 2020 total $5.7 million, which represents a 119% increase over the same quarter last … Explore our collection of certified organically grown cannabis products. Cautionary StatementsThis news release includes statements containing certain "forwardâlooking information" within the meaning of applicable securities law ("forwardâlooking statements"). "He recognizes the challenges we must confront, and I look forward to working with him and the rest of the TGOD team to pave a new way forward for the Company," added Mr. Scott. Date: November 11, 2020 | Time: 9:00 a.m. Eastern TimeParticipant Dial-InLocal â Toronto: 1-416-764-8688Toll Free â North America: 1-888-390-0546Conference ID â 68691087. Under the Company's new leadership, TGOD will operate with a renewed commitment to executional excellence and cost discipline as the Company drives revenue growth and operational stability. 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. 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. The Company completed the necessary equipment transfers to transform its Valleyfield facility into a production and processing hub for its 2.0 products following challenges with third-party processing. “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,” said TGOD chairman of the board Jeff Scott . Your prescription will expire on . 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. The underwriter purchased, on a bought deal basis, an aggregate of 53,263,400 units at a price of $0.24. 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. I agree to receive email communications from The Green Organic Dutchman. 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 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 Chief Financial Officer Sean Bovingdon has been appointed Interim CEO. The Company will hold a conference call with analysts tomorrow, beginning at 9:00 a.m. (ET). Net revenue hovers $4.97 million, compared to revenue of $4.96 … 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. Our organic principles work to better the communities where we live and grow. TGOD Chief Financial Officer, Sean Bovingdon, has been appointed Interim CEO. Shares : 0 (0) Chief Financial Officer Sean Bovingdon to serve as Interim Chief Executive Officer Michel Gagné appointed Chief Operating Officer Total revenue of $5.71 million, an increase of 119% over Q3-2019 Canadian… from 8 AM - 9 PM ET, Copyright © 2020 PR Newswire Association LLC. Sign up for the latest news and product updates so you don't miss out. "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. "He recognizes the challenges we must confront, and I look forward to working with him and the rest of the TGOD team to pave a new way forward for the Company," added Mr. Scott. TORONTO, Nov. 10, 2020 /PRNewswire/ - 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. These filings are available for review on the Company's SEDAR profile at www.sedar.com. 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#). Get BOGO deals from five CBD this holiday season 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. We are proud to offer a Patient Financial Assistance Program to eligible patients nation-wide. On October 2, 2020, the Company agreed with its senior lender to extend the maturity date for its senior secured credit facility to December 15, 2021, in exchange for payment of a financing fee of $0.4 million and repricing of common share purchase warrants to purchase 7,000,000 Common Shares expiring December 20, 2022 from an exercise price of $1.00 per share to an exercise price of $0.30 per share, and extension of the expiry date to November 2, 2025, and issuance of additional common share purchase warrants to purchase 1,000,000 Common Shares at an exercise price of $0.30 expiring November 2, 2025. Media Relations:Sebastien Bouchard [email protected](647) 272-2476, Investor Relations:Shane Dungey [email protected] (403) 389-9911. General and administrative expenses of $5 million for the quarter decreased in comparison to expenses of $13.34 million during the prior-year period and represent a decrease of $0.71 million from Q2-2020. ... TGOD’s Common Shares … The Company will hold a conference call with analysts tomorrow, beginning at 9:00 a.m. (ET). Learn about our international brands that share a passion for organic cannabis. See Michel Gagne's compensation, career history, education, & memberships. 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. 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. Get the latest news, financial updates and other essential investor information. 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. TGOD has recently made changes to its operations leadership structure and appointed Michel Gagné as Vice President, Operations. 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. TGOD dismissed its CEO, Brian Athaide simultaneous with the release of its figures. Barron's also provides information on historical … The Company obtained a European Union Good Manufacturing Practice ("EU-GMP") certificate for its Ancaster facility, enabling it to commence exporting its premium certified organic products to Germany for validation in preparation for commercialization in 2021. Michel Gagné, TGOD's current Vice President of Operations, has been appointed COO. Mr. Gagné brings over 30 years of experience in the food and natural health products industries, having occupied leadership roles at Cargill and Maple Leaf Foods. 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. 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. Through its European subsidiary, HemPoland, the Company also distributes premium hemp CBD oil and CBD-infused topicals in Europe. Date: November 11, 2020 | Time: 9:00 a.m. Eastern TimeParticipant Dial-InLocal – Toronto: 1-416-764-8688Toll Free – North America: 1-888-390-0546Conference ID – 68691087. 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. 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. Find a retailer near you that carries 100% certified organically grown TGOD products. TGOD Chief Financial Officer, Sean Bovingdon, has been appointed Interim CEO. All you need is an account and a cannabis prescription. Learn More, ${ cart.gramsTotal }g of ${ cart.gramsAllowed }g max. 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. © 2020 The Green Organic Dutchman Holdings, ttps://produceredition.webcasts.com/starthere.jsp?ei=1398895&tp_key=a3ee2c0b4a, Chief Financial Officer Sean Bovingdon to serve as Interim Chief Executive Officer, Michel Gagné appointed Chief Operating Officer, Total revenue of $5.71 million, an increase of 119% over Q3-2019, Canadian cannabis revenue of $3.84 million, an increase of 41% quarter over quarter, Loss from operations reduced by 68% to $6.34 million compared to Q3-2019, G&A expenses continue to decrease, down to $5 million for the quarter, Company records non-cash impairment charge of $67.84 million. Our focus will continue to be on improving the execution of our existing production while developing innovative and distinctive products to introduce into more stores across the country,” commented Sean Bovingdon, Interim CEO of TGOD. Of that, $3.84 million was … "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 Roll-up #172: Free the Old Guy, Part II: He’s Coming… News. TGOD Chief Financial Officer, Sean Bovingdon, has been appointed Interim CEO. 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. Welcome! View Michel Gagne's business profile as Vice President, Operations at The Green Organic Dutchman Holdings. Athaide also is removed from the company’s board of directors.  Our focus will continue to be on improving the execution of our existing production while developing innovative and distinctive products to introduce into more stores across the country," commented Sean Bovingdon, Interim CEO of TGOD. "We saw encouraging numbers in October as we sold more flower, additional RIPPLE and tea variants, and launched hash in Quebec. We are looking to build on this growth while focusing on financial discipline throughout the Company," added Mr. Bovingdon. This news release includes statements containing certain "forward‐looking information" within the meaning of applicable securities law ("forward‐looking statements"). "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. The reductions from the prior quarter reflect the Company’s continuing plan to significantly reduce spending on third-party vendors, and was partially offset by increased severance costs of $0.6 million and the fact that the Company received $0.34 million in CEWS payments in Q2-2020. Express your organic lifestyle with our unique products. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale. Various assumptions were used in drawing the conclusions or making the projections contained in the forward‐looking statements throughout this news release. 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. 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