Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) on Tuesday announced the voting results from its annual general meeting (“AGM”) of shareholders of the company, which was held in Mississauga, Ontario on June 11, 2019. According to the update, all matters put before shareholders for consideration were approved by the majority of votes cast at the meeting. In particular, shareholders approved the election of all director nominees, as well as items of business including setting of the company’s number of directors at six; and the appointment of KPMG LLP as the company’s auditor for the ensuing year and authorization of directors to fix their remuneration.
In addition, the company this morning announced its entry into a multi-year agreement with Neptune Wellness Solutions Inc. (NASDAQ: NEPT) (TSX: NEPT) for extraction, formulation and packaging services. Under the agreement, TGOD will have exclusivity on extraction, formulation and packaging of certified organic products within and for the Canadian market. “With this agreement, Neptune becomes a key partner for TGOD; we have been impressed with their commitment to innovation and excellence in every aspect of their business. Their unique capabilities in terms of extraction, formulation and packaging were decisive factors in our selection process,” Brian Athaide, CEO of TGOD, said in the news release. “Today’s announcement is significant not only because it enables us to start manufacturing certified organic consumer wellness products at scale, but also because of the large and sustained economic impact it will have in Quebec where TGOD is building the world’s largest organic cannabis production facility.”
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About the Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings is a publicly traded, premium, global, organic-cannabis company with operations focused on medical-cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as the Canadian adult-use market. TGOD also has organic-hemp, CBD-oil operations in Canada and, through its wholly owned subsidiary HemPoland, distributes premium-hemp CBD oil in the European Union. The company grows high-quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe, consistent product. TGOD has a planned capacity of 219,000 kgs and is building 1,643,600 square feet of cultivation and processing facilities across Ontario, Quebec, Jamaica and Denmark. For more information, visit the company’s website at www.TGOD.ca.
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