NetworkNewsBreaks – The Green Organic Dutchman H
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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.”
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