TORONTO – The Green Organic Dutchman Holdings Ltd. (“TGOD” or the “Company”) (TSX: TGOD) (US: TGODF), a leading producer of premium certified organically grown cannabis, today unveiled plans to transition its medical business to a wholesale model, in line with other pharmaceutical products’ distribution models. TGOD’s patient-centered approach will enable easier access to a broad range of medical cannabis products without having to register with multiple licensed producers.
TGOD has a national supply agreement in place with Medical Cannabis by Shoppers (“Shoppers”), a subsidiary of Shoppers Drug Mart Inc., Canada’s largest pharmacy network, and is Shoppers’ largest supplier of certified organically grown medical cannabis. Every effort has been made to ensure that there is no supply disruption for patients and all TGOD products will be available via Shoppers’ online store platform. TGOD also has agreements with other medical distributors and clinics, with plans to increase its presence within the medical market as it transitions from its legacy direct-to-patient model.
“TGOD has its roots in the medical segment and remains committed to supporting easy access to cannabis treatments for Canadian patients. 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,” commented Sean Bovingdon, TGOD’s Chief Financial Officer and Interim Chief Executive Officer. “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.”
The Company will support its patients throughout the transition period which is expected to be completed by April 1st, 2021. In collaboration with its partners, TGOD has developed a seamless transfer process and will continue to handle orders as usual until the end of the transition. An FAQ is available here, and patients can also contact TGOD’s Customer Care at 1 (888) 603-TGOD (8463) or at [email protected].
About The Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US–OTC: TGODF) is a premium certified organically grown cannabis company focused on the health and wellness market. Its organic cannabis is cultivated 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 have been built to LEED certification standards and its products are sold in recyclable packaging. In Canada, TGOD sells dried flower and oil, and recently launched a series of next–generation cannabis products such as hash, vapes, organic teas and dissolvable powders. Through its European subsidiary, HemPoland, the Company also distributes premium hemp CBD oil and CBD-infused topicals 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, December 19, 2019, June 12, 2020, October 23, 2020 and December 10, 2020 trade on the TSX under the symbol “TGOD”, “TGOD.WT”, “TGOD.WS“, “TGOD.WR”,”TGOD.WA” and “TGOD.WB”, respectively, and TGODF trades in the US on the OTCQX. For more information on The Green Organic Dutchman Holdings Ltd., please visit www.tgod.ca
