- The company has unveiled a new strategic plan to reduce its financing requirements while continuing on the path to profitability
- TGOD is currently debt free and reviewing financing alternatives to complete construction
- The company is building 1.4 million square feet of cultivation and processing facilities across Ontario and Quebec, with the combined capacity estimated at 202,500 kilograms
- TGOD is rightsizing production in order to capture the organic segment with the optionality to add capacity as the market develops
Due to the slower pace of legal market conversion, The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium-certified organic cannabis has announced a new strategic plan as the company works to enhance profitability (http://cnw.fm/ehx8M). TGOD will optimize operating efficiency by deferring excess capacity and expenses. A new construction and operating plan to reduce cash needs has been adopted that is expected to lead towards positive operating cash flow in Q2 2020.
TGOD is reviewing financing alternatives to complete the construction at its facility at Ancaster and Phase 1 at…
NOTE TO INVESTORS: The latest news and updates relating to TGODF are available in the company’s newsroom at http://cnw.fm/TGODF
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