Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) on
Tuesday announced the voting results from its annual general meeting (“AGM”) of
shareholders of the company, which was held in Mississauga, Ontario on June 11,
2019. According to the update, all matters put before shareholders for
consideration were approved by the majority of votes cast at the meeting. In
particular, shareholders approved the election of all director nominees, as
well as items of business including setting of the company’s number of
directors at six; and the appointment of KPMG LLP as the company’s auditor for
the ensuing year and authorization of directors to fix their remuneration.
In addition, the company this morning announced its entry
into a multi-year agreement with Neptune Wellness Solutions Inc. (NASDAQ: NEPT)
(TSX: NEPT) for extraction, formulation and packaging services. Under the
agreement, TGOD will have exclusivity on extraction, formulation and packaging
of certified organic products within and for the Canadian market. “With this
agreement, Neptune becomes a key partner for TGOD; we have been impressed with
their commitment to innovation and excellence in every aspect of their
business. Their unique capabilities in terms of extraction, formulation and
packaging were decisive factors in our selection process,” Brian Athaide, CEO
of TGOD, said in the news release. “Today’s announcement is significant not
only because it enables us to start manufacturing certified organic consumer
wellness products at scale, but also because of the large and sustained
economic impact it will have in Quebec where TGOD is building the world’s
largest organic cannabis production facility.”
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. TGOD also has organic-hemp, CBD-oil
operations in Canada and, through its wholly owned subsidiary HemPoland,
distributes premium-hemp CBD oil in the European Union. 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, consistent product. TGOD has a planned 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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