The Green Organic Dutchman Announces Closing of Secured Credit Facility

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TORONTO – The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that it has closed the previously announced senior secured first lien credit facility of up to $42.7 million (the “Facility”) with Maynbridge Capital Inc. (the “Lender”).

The Facility consists of a committed $27.7 million senior secured term loan with an 18-month term, and an additional uncommitted $15.0 million senior secured term loan to be made available upon the Lender’s credit approval and the achievement of certain operating and financial milestones which the Company expects to obtain and achieve not earlier than the end of the third quarter of 2020.

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TGOD also issued 7,000,000 common share purchase warrants of the Company (“Warrants”) to the Lender. Each Warrant shall be exercisable to acquire one common share of the Company for a period of 36 months at an exercise price of C$1.00 per Warrant.

TGOD will use the proceeds of the Offering to complete construction of its processing facility at Ancaster and for general corporate purposes.

FTI Capital Advisors – Canada ULC advised TGOD in respect of the transaction.


About The Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US‐OTC: TGODF) is a premium certified organic cannabis company focused on the health and wellness market. Its certified‐organic cannabis is grown in living soil, as nature intended. The Company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. Its two Canadian facilities are being built to LEED certification standards and its products are sold in recyclable packaging. In Canada, TGOD plans to expand its product portfolio by launching a series of next‐generation cannabis products such as organic teas, infusers and vapes. Through its European subsidiary, HemPoland, the Company also distributes premium hemp CBD oil in Europe. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale.

TGOD’s Common Shares and warrants issued under the indentures dated November 1, 2017 and December 19, 2019 trade on the TSX under the symbol “TGOD”, “TGOD.WT” and “TGOD.WS”, respectively.

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