Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) on
Tuesday released its financial and operational results for the three months
ended March 31, 2019. Among the highlights, the company is on-track with
construction at Hamilton and Valleyfield sites, with Q1 investment totaling
$46.9 million, an increase of $7.4 million compared to Q4 2018. In addition,
TGOD achieved revenues of $2.4 million, primarily from HemPoland, reflecting a
28 percent increase over the prior quarter. “Q1 results are continued proof
that we are delivering on our business plan with executional excellence,” TGOD
CEO Brian Athaide commented in the news release. “The company is now bringing
to market high quality, premium certified organic cannabis flower and
hemp-derived CBD oils. With the construction of the Hamilton facility nearing completion
and our flagship Valleyfield facility on track, TGOD will soon be able to sell
at scale in Canada and rapidly grow the organic segment that is currently being
significantly under-served by the market.”
To view the full press release, visit http://ibn.fm/FFdb5
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.
NOTE TO INVESTORS: The latest news and updates
relating to TGODF are available in the company’s newsroom at http://ibn.fm/TGODF
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