The Green Organic Dutchman Archives - Page 3 of 3 - Green Market Report

StaffAugust 27, 2018


Green Market Report Partners with Providing Investors with Exclusive Insight/Access to Leaders in the Cannabis Industry

NEW YORK, Aug. 27, 2018/AxisWire/ – The cannabis industry’s leading business and economic minds will gather in New York City to discuss the advanced economic state of cannabis at the Green Market Summit on September 14, 2018.

Hosted by the Green Market Report, the cannabis industry’s premier financial news organization, this one-day event will feature exclusive data and economic analysis focused on five key sectors in the industry: Banking, Cultivation, International Trade, Retail, and Seed-to-Sale Tracking.

“As the cannabis industry continues to evolve, we are witnessing dynamic shifts in how the industry is structured and regulated,” said Debra Borchardt, Chief Executive Officer and co-founder of Green Market Report. “The Green Market Summit presents a remarkable opportunity for investors and entrepreneurs to gain firsthand knowledge of how these changes will affect the economics of cannabis and their bottom line.”

“The speakers and report sponsors assembled for this conference represent years worth of unparalleled experience and knowledge in the cannabis industry,” added Cynthia Salarizadeh Co-Founder of Green Market Report and Managing Partner of KCSA Strategic Communications. “We couldn’t be more proud to play host to one of the most diverse and knowledgeable collections of cannabis experts to be assembled, and whose companies collectively play a part in every stage of the cannabis supply chain.”

WHAT: Green Market Summit: The Advanced Economic State of Cannabis
WHEN: September 14, 2018
WHERE: One World Trade Center, 285 Fulton St, New York, NY 10007

Located in the Financial District of New York City at One World Trade Center, the event is made possible through a partnership with TheStreet and the Marijuana Policy Group. The keynote event will feature TheStreet’s Jim Cramer, who will interview Brian Athaide CEO of The Green Organic Dutchman.

Other speakers for the event include:

  • Adam Orens, Co-Founder, Marijuana Policy Group
  • Cynthia Salarizadeh, Co-Founder and Chief Strategy Officer, Green Market Report
  • Debra Borchardt, Co-Founder and CEO, Green Market Media
  • Emily Paxhia, Founding Partner & Managing Director, Poseidon Asset Management
  • Javier Hasse, Author of Start Your Own Cannabis Business
  • Jeannette Ward Horton, Vice President of Global Marketing and Communications, MJ Freeway
  • Jessica Billingsley, Co-Founder and Chief Executive Officer, MJ Freeway
  • Lewis Goldberg, Managing Partner, KCSA
  • Matt Karnes, Founder and Managing Partner, GreenWave Advisors, LLC
  • Phil Carlson, Managing Director of Investor Relations, KCSA
  • Tahira Rehmatullah, Chief Financial Officer, MTech Acquisition Corp
  • Tyler Beuerlein, Vice President of Business Development, Hypur
  • Jonathan Rubin, CEO of Cannabis Benchmarks

The agenda for the event is as follows:

  • 8:00 AM – 9:00 AM: Registration & Breakfast
  • 9:00 AM – 9:50 AM: Economics of Cannabis Banking, presented by Tyler Beuerlein, Vice President of Business Development at Hypur Ventures
  • 10:00 AM – 10:50 AM: Economics of International Cannabis, presented by Daniel Pearlstein, Executive Vice President of Canopy Rivers.
  • 11:00 AM – 11:15 AM: Keynote Event, TheStreet’s Jim Cramer Interviews The Green Organic Dutchman CEO Brian Athaide.
  • 12:00 PM – 12:50 PM: Lunch, Sponsored by Acreage Holdings
  • 1:00 PM – 1:50 PM: Economics of Plant Tracking, presented by MJ Freeway co-founder and CEO, Jessica Billingsley, and Jeannette Ward Horton, Vice President of Global Marketing and Communications for MJ Freeway.
  • 2:00 PM – 2:50 PM: Economics of Cannabis Retailing, presented by David Dancer  Chief Marketing Officer for MedMen.
  • 3:00 PM – 3:50 PM: Economics of Cultivation, presented by a leading publicly traded Cannabis company  
  • 4:00 PM – 4:50 PM: Closing Panel, featuring KCSA’s Lewis Goldberg interviewing author Danny Moses, author of “The Big Short and Beyond.” 
  • 5:00 PM – 5:15 PM: Closing Remarks.

Tickets for the event and early bird pricing are still available, but spacing is limited. For more information, please visit:

About Green Market Report:

The Green Market Report (GMR) is headquartered in the Financial District of New York City with an office in Los Angeles. GMR is poised to be the center for trustworthy business, financial and economic news and intelligence. The site offers coverage on financial matters including news briefs on business, cultivation, and extraction, cannabis company stock prices, and wholesale cannabis pricing. For more information, please visit or email Follow us on Facebook, Instagram and Twitter @GreenMarketRpt.

Communications Contact:

Lewis Goldberg

KCSA Strategic Communications


Debra BorchardtAugust 21, 2018


The Green Organic Dutchman Holdings Ltd.  (TGODF) signed a definitive agreement to acquire 100% of the issued and outstanding shares of privately-held HemPoland in an immediately accretive cash and share transaction.

HemPoland is a leading European manufacturer and marketer of premium organic CBD oils led by founder and CEO, Maciej Kowalski, one of Europe’s most widely recognized CBD experts. TGOD’s goal in the acquisition is to get access to HemPoland’s vast distribution network, premium Cannabigold brand, hemp oil extraction technologies, and get a jump into the European market for TGOD’s medical & recreational products and licensing deals. In 2017, the company produced over 32,000 kgs of organic dried flower and 310 kgs of organic CBD oils.

The deal will cost of US$7.75 million in cash and 1,968,323 restricted TGOD shares currently worth US$7.75 million with an additional US$10.3 million cash investment for rapid European expansion. In addition to that, there are performance-based incentives of up to US$12 million for delivery of US$32 million of EBITDA in fiscal 2021.

“HemPoland is a key component to a number of strategic acquisitions and planned partnerships focused on expanding our global distribution network. This acquisition will significantly add to the Company’s top and bottom line,” said Brian Athaide, CEO of TGOD. “Gaining market share with CBD products now, in the EU, with over 700 locations allows TGOD to establish immediate brand awareness across all verticals including infused beverages. This is an accretive acquisition and gateway to Europe’s 750 million people accelerating our plan of becoming the world’s largest organic cannabis brand,” continued Athaide.

HemPoland was founded in 2014 and was the first company in Poland to obtain a state license allowing the company to grow hemp and manufacture CBD oil products. According to the company statement, HemPoland’s management is comprised of experts in cultivation, oil extraction, and marketing of high-quality organic CBD oil. The company is vertically integrated, with over 1,250 acres of cultivation leveraging third parties, multiple commercial-scale extraction units, local distributors in Poland, Austria, Netherlands, Germany, United Kingdom, Italy, Switzerland, Portugal, Ireland, Czech Republic, Slovenia, Lithuania, and Estonia, and product sales in over 700 locations.

“We are pleased to join forces with the premier brand in organic cannabis, TGOD, to scale the growth of our business both domestically and internationally,” said Maciej Kowalski, Founder, and CEO of HemPoland. “The market and demand for premium organic cannabis and CBD oil is just the beginning, ultimately leading to a variety of higher margin products. Having access to TGOD’s capital, licensing deals, experienced leadership team, and intellectual property will significantly drive momentum for our brand and our company. We are proud to be part of the TGOD family and look forward to becoming the global leaders in organic cannabis.”

Terms Of The Deal

The financial terms of the transaction are US$7.75 million cash and 1,968,323 restricted TGOD shares currently worth US$7.75 million, which will be escrowed for a term of three years from closing. In addition, there is contingent consideration of up to 3,047,722 shares of TGOD currently worth US$12 million based on delivery of US$32 million EBITDA in the 2021 fiscal year. TGOD will invest a further US$10.3 million in HemPoland to fund product development, R&D, drug development and continue global expansion initiatives.

Stock Performance

TGOD was lately trading at $3.93 on the OTC Markets, down from its 52-week high of $7.57, but above its year low of $2.78.

Debra BorchardtAugust 15, 2018


The Green Organic Dutchman (TGODF) reported its quarterly results that demonstrate the company is still in a phase of ramping up as there are no sales to report as of yet. The net loss for the quarter ending June 30, 2018, was C$8.5 million or C$0.04 per share versus last year’s C$2.3 million loss or C$0.02 per share.

The company celebrated its successful Initial Public Offering during the quarter that raised C$132 million and listed its shares on the Toronto Stock Exchange. This resulted in the shareholder count jumping from 4,000 to over 20,000. These shareholders are clearly pinning their hopes on the many deals that TGOD has arranged and the eventual success of the company’s cultivation facilities.

TGOD said it has spent C$20 million so far on the construction of its facilities in Ancaster, Ontario, and Valleyfield, Quebec. It has also announced several strategic licensing agreements with top US brands including Stillwater Brands, Evolabs, and CBx Sciences. TGOD also signed a strategic partnership agreement with Epican Medicinals Limited, a vertically integrated Jamaican cannabis company and completed a letter of intent with Denmark’s Queen Genetics/Knud Jepsen A/S, which, if completed will increase TGOD’s total organic-funded capacity to 195,000 kgs.

“We are pleased with the accomplishments we have made in such a short period of time. We have invested heavily in building the foundation to drive our Company forward at an unparalleled pace,” said Brian Athaide, TGOD’s CEO. “Construction is on schedule across all jurisdictions and we continue to aggressively build our medical and adult-use brand. TGOD is investing heavily in consumer research, R&D and simultaneously building both the capability and systems needed to rapidly scale as we prepare for the adult-use market,” continued Athaide.

“The announcement of the partnership with Jamaica is just the beginning for our international expansion plans,” said Csaba Reider, the Company’s President. “TGOD’s business plan calls for operations in 12 countries on three continents by the end of 2018 with a focus on Europe and Latin America. We continue to make strategic additions across all divisions of the Company to execute on our expansion plans,” continued Reider.

Looking Ahead

TGOD is preparing for the launch of its premium organic brand and the company focuses on R&D to develop innovative cannabis consumer products for both the medical and recreational markets. According to the company statement, TGOD’s patient database continues to experience significant month over month growth as TGOD’s brand of organically-certified cannabis continues to gain increased recognition. The back-office e-commerce network agreement with Shopify has been consummated, and TGOD continues to develop a robust e-commerce platform to support domestic and international expansion.

Stock Performance

TGOD stock was lately trading at C$5.02 on the Toronto Exchange, down from its year high of C$8.15. The OTC traded stock was at $3.82, down from its 52-week high of $7.56.

Debra BorchardtJune 5, 2018


The Green Organic Dutchman Ltd. (TGODF) entered into an engagement letter with Canaccord Genuity Corp. on behalf of a syndicate of underwriters including PI Financial Corp. and Mackie Research Capital Corporation to purchase 3,910,000 special warrants of the company, on an bought deal basis. The price per special warrant is $6.40 generating an aggregate gross proceed of approximately C$25 million. The offering is expected to happen on June 26, 2018.

The warrants will be made up of one common share and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of c$9.50 for a period of 36 months from the date of closing. The stock was lately trading at C$6.99 on the Toronto Exchange, a sharp increase from its initial pricing of C$3.65 when the company went public in April.

The swift ascent in pricing grabbed the attention of the Investment Industry Regulatory Organization of Canada (IIROC) who asked the company to comment on the recent increase in the trading volume and price of the shares on the TSX Exchange. TGOD said it was “Not aware of any material change in its business or affairs that has not been publicly disclosed and that would account for the recent increase in volume or price.”

However, it did include a tantalizing bit of detail saying, “The company is in advanced negotiations with multiple international companies, one of which is a completely vertically integrated company. No definitive agreement has been entered into at this time and there can be no assurance that a transaction will be consummated.”

TGOD said that it intends to use the net proceeds to fund strategic investments and international expansion opportunities. So, it seems that a big deal is in the making and the word is leaking out. Investors that weren’t able to capitalize on the Constellation Brands (STZ) investment in Canopy Growth (CGC) or the MedReleaf/Aurora deal, look eager to get the jump on this one.

StaffMay 15, 2018


Hot off its successful IPOThe Green Organic Dutchman Holdings Ltd. (TGODF) has been granted a supplemental license from Health Canada for the production of cannabis oils. Extracts have become a fast-growing part of the cannabis industry as consumers have opted towards the convenience of vape pens.

TGOD produces its cannabis oil using a supercritical CO2 extraction system and is capable of processing up to 6,600 kg/year into ultra-pure, environmentally friendly, organic cannabis oils. The company said that this process is free of toxic solvents and does not require any winterization protocol.

“This license is instrumental in driving our research & development forward through product innovation, the discovery of novel traits, and expanding our intellectual property portfolio. With over 125 years of consumer packaged goods experience, TGOD is well-positioned to be the world leader in the organic cannabis industry, providing a range of safe, consistent, high-quality organic products,” said Robert Anderson, TGOD’s Co-Chairman and CEO.

TGOD also said that it is giving concentrate makers control over the process provides access to cannabinoids within the plant in addition to tetrahydrocannabinol (THC) and cannabidiol (CBD).  The company stated that the result of this specialized extraction process is a precisely concentrated, aromatic golden-brown oil that is as close to the original plant composition as can be achieved.

“Our oils will be as close to the original plant as possible, including terpene profiles to realize entourage effects. Our process is easily customizable to create full-spectrum strain-specific oils, as well as oils of varying cannabinoid and terpene concentrations,” said Anderson.

TGOD’s laboratory was built to GMP (Good Manufacturing Practices) specifications, and work is currently underway for European Union GMP certification.  Patrick Baker, the Extraction Technician, will be heading up the Company’s extraction facility. Mr. Baker has a B.Sc. Biology and Chemistry (Honours) with an emphasis on radiochemistry, and synthetic organic chemistry.

William SumnerMay 7, 2018


Cannabis research and development company, The Green Organic Dutchman Holdings Ltd. (TGOD), is expanding its leadership team. On May 7, 2018, the company announced it would be adding several key executives including CFO, General Counsel, VP of Sales, VP of Marketing, VP of Operations, and Regional Sales Manager for Ontario and Western Canada.

The announcement comes in the wake of news that it would expand its initial public offering to a sizeable $115 million. TGOD began trading on the Toronto Stock Exchange at the market open on May 2, 2018, and is currently trading at approximately C$3.90 about its initial price of C$3.65.

Joining TGOD as Chief Financial Officer is Brian Athaide, who has over 28 years of experience serving as CFO and Executive Vice President, Human Resources and Information Technology of Andrew Peller Limited (ADW.A), the largest publicly traded wine and craft alcohol producer in Canada.

Serving as TGOD’s General Counsel is Anna Stewart. Stewart has 13 years of combined private practice and corporate in-house legal experience, and most recently advised on risk mitigation, compliance and corporate strategic initiatives for Teva Pharmaceutical Industries Ltd., the world’s largest generic pharmaceutical company.

Mike Gibbons will now serve as Vice President of Sales for TGOD. Gibbons has worked for over 25 years in the world of consumer packaged goods for beverages and food. Gibbons is experienced in branded and private label businesses, leading teams in geographic expansion, building distribution and new product introductions.

With more than a quarter-century of experience in experience in consumer packaged goods, retail and subscription businesses; Andrew Pollock will join TGOD as its Vice President of Marketing. Pollock most recently worked for Weight Watchers Canada, Ltd., where he helped generate double growth in subscriptions.

TGOD’s new Vice President of Operations is John Wren, who previously served as Vice President of Operations for 22 years at the Cott Corporation (BCB). At Cott, Wren was given the responsibility of managing a manufacturing budget in excess of $60 million, a capital budget of $8 million and more than $145 million of raw material purchases.

Finally, Andy Corcoran will serve as the company’s Regional Sales Manager for Ontario and Western Canada. Corcoran most recently assisted Southern Glazer’s Wine and Spirits, LLC in establishing the company’s Canadian business. Corcoran will manage the company’s board and key sales account relationships, as well as work with TGOD’s executive team to drive topline performance.

“We are very proud to introduce these new additions to the TGOD team. These individuals bring a vast amount of experience and proven success in their respective fields,” commented TGOD CEO and Co-Chairman, Robert Anderson. “The breadth and depth of experience on our management team will enable the Company to execute on its goal of becoming the world’s largest organic cannabis producer.”

Jack SmithApril 30, 2018


The Green Organic Dutchman Holdings (TGOD) said it would boost the size of its initial public offering to $115 million based on increased investor demand. The stock will begin trading on the Toronto Stock Exchange at the market open on May 2, 2018.

Aurora Cannabis, which already owns a stake in TGOD, will be exercising its right to participate in the IPO, which has yet to set a date. Aurora, which already trades on the Toronto Stock Exchange under the ticker symbol “ACB,” owns approximately 17.5 percent in TGOD.

As a result of the added purchases by Aurora, TGOD amended its prospectus, which initially had the company raising $102.2 million, selling 28 million shares at $3.65 per unit. A unit consists of one common share in the company, as well as half of a share purchase warrant. The warrants are exercisable at $7 per share.

TGOD, which refers to itself as a “research and development company” and is led by CEO and Co-Chairman Robert Anderson, will use the funds for general corporate purposes, including helping to build out its facilities in Ontario and Quebec. Currently, it has facilities in Ancaster, Ontario, where it produces cannabis from.

The company was issued a license by Health Canada that allows it to produce dried marijuana, marijuana plants, and fresh marijuana at its 100-acre property near Hamilton, Ontario, and to sell such marijuana products within Canada to Licensed Producers. TGOD has constructed a modular cannabis oil extraction laboratory for the purpose of developing traditional and new extraction technologies and products through research and development.

In addition, TGOD has also applied for a license from Health Canada for the extraction lab. The company has also acquired a 49.99% interest in a Québec company in a 72.4-acre property in Salaberry-de-Valleyfield, QC, that it intends to develop into an
820,000 sq. ft. hybrid-greenhouse cannabis production facility, as well as a 2,700 sq. ft. research and development
breeding facility and a 20,000 sq. ft. flagship licensed dealer facility through a wholly owned subsidiary. TGOD also received a building permit in December 2017 to construct a 2,700 sq. ft. breeding and research facility in Québec that will be used to secure a cultivation License from Health Canada for the Québec Facility.

Investment bank Canaccord Genuity is acting as the sole bookrunner in the offering, which is being co-led with PI Financial, Industrial Alliance Securities Inc., INFOR Financial Inc., Echelon Wealth Partners Inc. and Mackie Research Capital Corporation as agents.

The timing of the upsized offering is curious, especially after cannabis-related equities fell sharply in the first quarter, particularly those based in Canada. However, TGOD  believes it is one of only a few LP’s that provides organic cannabis which provides Canadians with a safer, more sustainable option for cannabis use, especially for medicinal purposes. With concerns over pesticides, organic cannabis is becoming more popular.

Extreme optimism led to investors bidding up cannabis-related stocks in 2017, especially towards the end, but that bubble burst a bit as investors fretted when Canada would legalize cannabis for adult use. Prime Minister Justin Trudeau and his team have hinted that recreational use could start in the fall, as opposed to July, as had been previously thought.

The sharp corrections seen in Canadian cannabis stocks are indicative of the entire cannabis sector in the first quarter. The Green Market Report Cannabis Company Index fell 21.9 percent in the first quarter, as regulatory concerns, especially in the U.S., weighed on investors’ minds.

StaffJanuary 5, 2018


Vancouver-based Aurora Cannabis Inc. (ACBFF)  announced that it has entered into an agreement with a syndicate of underwriters, led by Canaccord Genuity Corp. in which Canaccord Genuity has agreed to purchase, on a bought deal basis, 200,000 convertible debentures at a price of $1,000 per convertible debenture, for gross proceeds of $200 million. The deal is expected to close on or about January 31.

“This is the largest bought deal financing to date in the Canadian cannabis sector, and represents a tremendous vote of confidence in Aurora’s business strategy, consistent execution and accretive deployment of resources,” said Terry Booth, CEO. “Our unparalleled balance sheet, capital markets strength, and consistently decreasing the cost of capital position us ideally to execute on multiple attractive opportunities in Canada and around the world.”

Aurora has also granted Canaccord Genuity an option to purchase up to an additional 30,000 convertible debentures for additional gross proceeds of $30 million. If the option is exercised, the total deal will be $230 million.

A Deal With The Green Organic Dutchman

In addition to the bought deal, Aurora Cannabis (ACBFF)  and private company The Green Organic Dutchman Holdings Ltd. (TGOD) announced that the companies have completed a definitive agreement covering a strategic investment in TGOD by Aurora, as well as a supply contract. Aurora will acquire a 17.62% interest in TGOD through a private placement consisting of 33,333,334 units, priced at $1.65 per unit. The total gross proceeds will be $5 million.

As part of the agreement, the companies will enter into a supply contract, providing Aurora with the right to purchase up to 20% of TGOD’s annual production of organic cannabis from TGOD’s Ancaster and Valleyfield facilities. According to the company statement, “Aurora anticipates being able to procure in excess of 20,000 kg per annum of premium organic products once TGOD`s Valleyfield and Ancaster facilities are completed and at full capacity. The supply contract provides Aurora with the right to purchase up to 33% of TGOD’s production at the two facilities if Aurora increases its ownership interest to 31%.”

Combining Efforts For Facility

In addition to the supply agreement, TGOD will be constructing a greenhouse facility, similar to the Aurora Sky facility, at Valleyfield in Quebec, where TGOD owns a 75-acre property. The facility has been designed by ALPS (Aurora Larssen Projects Inc.), Aurora’s greenhouse design and consulting subsidiary. It will be one of the largest purpose-built cannabis facilities measuring 820,000 square feet.

The statement said that the new TGOD facility will benefit from the latest greenhouse technology as implemented at Aurora Sky. Furthermore, the facility will benefit from some of the lowest cost power in Canada at under $0.04 per kWh. ALPS will assist TGOD with the start-up of its facility, leveraging Aurora’s deep, industry-leading large-scale cannabis cultivation experience. Management anticipates completion of the Valleyfield facility by the fourth calendar quarter of 2018.

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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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