Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) on
Tuesday reported its financial and operational results for the year ended December
31, 2018. Among other highlights, the company ended the year with $263.5
million of cash and restricted cash to continue to fund its facilities
expansion and international growth. The company also completed two bought deals
worth $101.2 million in gross proceeds and private placements totaling $77.6
million in gross proceeds. “2018 has been a pivotal year for the company. The
accomplishments our team has made have been nothing shy of incredible,” the
Green Organic Dutchman Holdings Director and CEO Brian Athaide stated in the
news release. “The company has raised substantial capital and grown the team
with the addition of deep expertise and exceptionally skilled professionals to
both management and our board. We are very excited for 2019 and we remain focused
on delivering on the company’s operational plans of producing and bringing to
market high quality, premium certified organic cannabis.”
To view the full press release, visit http://ibn.fm/aUgdm
About the Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings is a publicly traded,
premium global organic cannabis company with operations focused on medical
cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as
the Canadian adult-use market. 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 planned global capacity of 219,000 kgs. and is building 1,643,600
square feet of cultivation and processing facilities across Ontario, Quebec,
Jamaica and Denmark. For more information, visit the company’s website at www.TGOD.ca.
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