NetworkNewsBreaks – The Green Organic Dutchman H
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Posted On: 04/29/2021 4:06:59 PM
NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) Releases Update on Operations, Progress on Business Plan
The Green Organic Dutchman (TSX: TGOD) (OTC: TGODF), a leading producer of premium certified organically grown cannabis, has provided a corporate update. The update notes operations highlights and progress on its strategic business plan, including a look at opportunities both in the United States as well as internationally. In addition, the update noted that asset monetization was underway and that the company is achieving higher potency and yield in harvests. By initiating the process of monetizing underutilized assets, the company hopes to increase its financial flexibility in order to reduce debt and capitalize on future opportunities. The update noted that TGOD is exploring options for an entry into the U.S. market, and those efforts include discussions with investment advisors on potential acquisition and partnership opportunities as well as a possible application for listing on the Canadian Stock Exchange, which would allow for investment capability into the United States. The update also noted the company’s recent launch of Organic Sugar Bush, a high-THC sativa variety. “We are pleased with the level of bids for the full Valleyfield facility, which upon closing would allow us to potentially retire all debt and provide additional expansion working capital,” said The Green Organic Dutchman CEO Sean Bovingdon in the press release. “Furthermore, most of the offers include the ability for TGOD to leaseback the small portion of the Valleyfield Facility we are currently using, such that there will be minimal disruption to our current operations at the Valleyfield Facility and no requirement for the company to expend capital for any relocation. . . . We are excited by the progress in quality, consistency and potency of our flower portfolio and remain optimistic about the company’s financial prospects, as we expand distribution and add new SKUs to boost our sales in the coming months.”
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) (OTC: TGODF), a leading producer of premium certified organically grown cannabis, has provided a corporate update. The update notes operations highlights and progress on its strategic business plan, including a look at opportunities both in the United States as well as internationally. In addition, the update noted that asset monetization was underway and that the company is achieving higher potency and yield in harvests. By initiating the process of monetizing underutilized assets, the company hopes to increase its financial flexibility in order to reduce debt and capitalize on future opportunities. The update noted that TGOD is exploring options for an entry into the U.S. market, and those efforts include discussions with investment advisors on potential acquisition and partnership opportunities as well as a possible application for listing on the Canadian Stock Exchange, which would allow for investment capability into the United States. The update also noted the company’s recent launch of Organic Sugar Bush, a high-THC sativa variety. “We are pleased with the level of bids for the full Valleyfield facility, which upon closing would allow us to potentially retire all debt and provide additional expansion working capital,” said The Green Organic Dutchman CEO Sean Bovingdon in the press release. “Furthermore, most of the offers include the ability for TGOD to leaseback the small portion of the Valleyfield Facility we are currently using, such that there will be minimal disruption to our current operations at the Valleyfield Facility and no requirement for the company to expend capital for any relocation. . . . We are excited by the progress in quality, consistency and potency of our flower portfolio and remain optimistic about the company’s financial prospects, as we expand distribution and add new SKUs to boost our sales in the coming months.”
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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