Cannabis-focused research and development company The Green
Organic Dutchman Holdings (TSX: TGOD) (OTC: TGODF) this morning announced the
resignation of CEO, Co-Chairman & Director, Robert Anderson, effective
immediately, due to health concerns. The board has appointed the company’s
current CFO, Brian Athaide, as CEO to ensure a well-ordered transition and
continued execution of the company’s business strategy. The board appointed VP
of Finance, Julia Golubovskaya, as interim CFO. Jeff Scott, presently actitng
as Co-Chair, will undertake the role of Chairman of the Board. “I feel
privileged to take on this new role as CEO and ensure the company delivers on
its aggressive yet de-risked business plan. TGOD has assembled an incredible
leadership team with a diverse skill set across all aspects of our business
including finance, M&A, sales, international markets, branding, marketing
and operations. The operational and capital market aspects of the business are
in exceptional hands and we will continue to execute on Rob’s vision of
becoming the largest, most valuable organic cannabis brand in the world,” TGOD
CEO Brian Athaide stated in the news release.
To view the full press release, visit http://ibn.fm/yr9z2
About the Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. is a research &
development company licensed under the Access to Cannabis for Medical Purposes
Regulations (“ACMPR”) to cultivate medical cannabis. The company carries out
its principal activities producing cannabis from its facilities in Ancaster,
Ont., pursuant to the provisions of the ACMPR and the Controlled Drugs and
Substances Act (Canada) and its regulations. The company grows high quality,
organic cannabis with sustainable, all-natural principles. TGOD’s products are
laboratory tested to ensure patients have access to a standardized, safe and
consistent product. TGOD has a funded capacity of 116,000 kg and is building
970,000 sq. ft. of cultivation facilities in Ontario and Quebec. The company
has developed a strategic partnership with Aurora Cannabis Inc. (TSX: ACB)
whereby Aurora has invested approximately C$78.1 million for an approximate
17.5% stake in TGOD. In addition, the company has raised approximately C$315
million dollars and has over 5,000 shareholders. TGOD’s Common Shares and
warrants issued under the indenture dated November 1, 2017 trade on the TSX
under the symbol “TGOD” and “TGOD.WT”, respectively. For more information,
visit the company’s website at www.TGOD.ca
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