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Posted On: 02/01/2021 3:25:55 PM
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NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Will Transition Medical Business to Wholesale Model, Offer Products Through Online Platform
The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organically grown cannabis, has announced plans to transition its medical business to a wholesale model. In the announcement, the company noted that the strategic move aligns with other pharmaceutical products’ distribution models and allows the company to reallocate resources to support growth opportunities. TGOD’s national supply agreement with Canada’s largest pharmacy network, Medical Cannabis by Shoppers, means that all TGOD products will be available through an online store platform. Medical Cannabis by Shoppers is a subsidiary of Shoppers Drug Mart Inc. and is Shoppers’ largest supplier of certified organically grown medical cannabis. TGOD’s patient-centered approach eliminates the need to register with multiple licensed producers in order to access a broad portfolio of medica cannabis products and allows the company to leverage the national reach and distribution capabilities of Medical Cannabis by Shoppers. TGOD will maintain its wholesale agreement with additional medical distributors and clinics. “TGOD has its roots in the medical segment and remains committed to supporting easy access to cannabis treatments for Canadian patients,” said The Green Organic Dutchman’s CFO and interim CEO Sean Bovingdon in the press release. “Shifting to a wholesale model not only makes sense from a business standpoint, allowing us to invest working capital in other growth opportunities, but it also gets us closer to our goal of eliminating the stigma that surrounds the plant within certain medical circles. In our view, Medical Cannabis by Shoppers and other medical distributors will play an increasingly central role in supporting patients across the country, a trend we see accelerating in the years ahead as licensed producers focus on research and innovation.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organically grown cannabis, has announced plans to transition its medical business to a wholesale model. In the announcement, the company noted that the strategic move aligns with other pharmaceutical products’ distribution models and allows the company to reallocate resources to support growth opportunities. TGOD’s national supply agreement with Canada’s largest pharmacy network, Medical Cannabis by Shoppers, means that all TGOD products will be available through an online store platform. Medical Cannabis by Shoppers is a subsidiary of Shoppers Drug Mart Inc. and is Shoppers’ largest supplier of certified organically grown medical cannabis. TGOD’s patient-centered approach eliminates the need to register with multiple licensed producers in order to access a broad portfolio of medica cannabis products and allows the company to leverage the national reach and distribution capabilities of Medical Cannabis by Shoppers. TGOD will maintain its wholesale agreement with additional medical distributors and clinics. “TGOD has its roots in the medical segment and remains committed to supporting easy access to cannabis treatments for Canadian patients,” said The Green Organic Dutchman’s CFO and interim CEO Sean Bovingdon in the press release. “Shifting to a wholesale model not only makes sense from a business standpoint, allowing us to invest working capital in other growth opportunities, but it also gets us closer to our goal of eliminating the stigma that surrounds the plant within certain medical circles. In our view, Medical Cannabis by Shoppers and other medical distributors will play an increasingly central role in supporting patients across the country, a trend we see accelerating in the years ahead as licensed producers focus on research and innovation.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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