TORONTO, Sept. 24, 2018 /CNW/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TSX:TGOD) (US:TGODF) is pleased to announce the appointment of American businessman, investor, and television personality Tim Seymour to the Company's Advisory Board.
Best known for his role with CNBC as a recognized trader and market strategist, on "Fast Money" (M-F, 5PM ET), Mr. Seymour has over 22 years of investment experience as a portfolio manager and capital markets professional. For the past decade, Mr. Seymour has been a contributor on Fast Money and is cited as one of the top finance professionals on Twitter, including The Wall Street Journal's "Top Tweets for Your Money".
Mr. Seymour is the founder and CIO of Seymour Asset Management (SAM). SAM provides asset and wealth management services for clients, including direct investment and allocation to private equity and alternative assets. Prior to SAM, he was the CIO and co-founder of Triogem Asset Management.
"Tim is one of the most recognizable finance professionals in America and we are thrilled to have him join our team," stated Brian Athaide, CEO of TGOD. "Working with Tim and his established network of investors will be invaluable as we continue to build the largest organic cannabis brand in the world."
Mr. Seymour will advise TGOD on global finance strategies, including a US listing, and broaden relationships with institutional investors, hedge funds, family offices, and high net worth individuals.
"Strong leadership is critical in an emerging industry like cannabis," said Tim Seymour. "In a world where brands matter, TGOD has differentiated its approach through natural and organic products. I am excited to combine my experience with such a proven consumer products team."
Additionally, Brian Athaide, CEO, has joined the TGOD Board of Directors, and David Doherty has transitioned to TGOD Acquisitions Corp. Mr. Doherty will be available as a consultant to the Company. "Brian has done an incredible job transitioning from CFO to CEO and I am extremely pleased with the leadership skills and depth of consumer understanding he has demonstrated since joining TGOD. We welcome him to the Board," stated Jeff Scott, TGOD's Chairman of the Board.
ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD
The Green Organic Dutchman Holdings Ltd. is a research & development company licensed under the Access to Cannabis for Medical Purposes Regulations ("ACMPR") to cultivate medical cannabis. The Company carries out its principal activities producing cannabis from its facilities in Ancaster, Ont., pursuant to the provisions of the ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations.
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 and consistent product. TGOD has a funded capacity of 170,000 kg and is building 1,382,000 sq. ft. of cultivation facilities in Ontario, Quebec and Jamaica.
The Company has developed a strategic partnership with Aurora Cannabis Inc. (ACB.TO) whereby Aurora has invested approximately C$78.1 million for a 20% off-take agreement on Canadian production. The Company has raised approximately C$350 million dollars and has over 20,000 shareholders.
TGOD's Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol "TGOD" and "TGOD.WT", respectively.
Forward-Looking Information Cautionary Statement
This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). Forward looking statements in this release includes, but is not limited to, statements about the future legalization of recreational cannabis and cannabis-infused products in Canada, statements about future research, development and innovation by the Company, statements about the offering of any particular products by the Company in any particular territory and statements regarding the future performance of the Company. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accept responsibility for the adequacy or accuracy of this release.
SOURCE The Green Organic Dutchman Holdings Ltd.
For further information: Contact Information: Investor Relations, Email: [email protected], Phone: 1 (416) 900-7621, www.tgod.ca