The Green Organic Dutchman (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organically grown cannabis, has announced plans to transition its medical business to a wholesale model. In the announcement, the company noted that the strategic move aligns with other pharmaceutical products’ distribution models and allows the company to reallocate resources to support growth opportunities. TGOD’s national supply agreement with Canada’s largest pharmacy network, Medical Cannabis by Shoppers, means that all TGOD products will be available through an online store platform. Medical Cannabis by Shoppers is a subsidiary of Shoppers Drug Mart Inc. and is Shoppers’ largest supplier of certified organically grown medical cannabis. TGOD’s patient-centered approach eliminates the need to register with multiple licensed producers in order to access a broad portfolio of medica cannabis products and allows the company to leverage the national reach and distribution capabilities of Medical Cannabis by Shoppers. TGOD will maintain its wholesale agreement with additional medical distributors and clinics. “TGOD has its roots in the medical segment and remains committed to supporting easy access to cannabis treatments for Canadian patients,” said The Green Organic Dutchman’s CFO and interim CEO Sean Bovingdon in the press release. “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. 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.”
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About The Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman 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. For more information about the company, please visit www.TGOD.ca.
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