The Green Organic Dutchman Announces Increase in Additional Working Capital Through Sale of Assets

TORONTO, May 17, 2022 /PRNewswire/ – The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD“) (CSE: TGOD) (OTC: TGODF), a global sustainable cannabis company is pleased to announce that it has entered into an agreement to purchase and sell, its leasehold improvements to the Whore establishment (the “Transaction“) with the owner (the “Owner“) for $3 million (there “Consideration“). $2 million of the Consideration will be paid to the Company in cash, and $1 million counterparty will settle prior loans advanced to the company by the owner, including all accrued interest and related transaction costs. As part of the Transaction, the Company has also agreed to a rent increase of $25,000 one month for the remainder of the term of the lease on the Whore installation of about 19 years.

“TGOD is poised for substantial growth in 2022. We enjoy an excellent and productive relationship with our owner and this economically sensible transaction provides us with immediate additional working capital to fund our continued growth as we continue to focus on execution and financial discipline,” said Sean BovingtonCEO of TGOD.

About The Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. (CSE: TGOD) (US–OTC: TGODF) is a sustainable cannabis company that emphasizes innovation, quality, consistency, integrity and transparency. The Company is committed to cultivating a better future by manufacturing its products responsibly, with less waste and less impact on the environment. In Canada, the company serves the recreational market with a portfolio of brands including The Green Organic Dutchman, Highly Dutch Organics, Ripple by TGOD and Cruuzy, and medical markets in Canada, South Africa, Australia and Germany. All cannabis used in The Green Organic Dutchman and Highly Dutch Organics brand products is grown through a certified organic process, which includes living soil, filtered rainwater, sunlight and natural inputs.

The common shares of the Company and certain warrants issued pursuant to trust indentures dated December 19, 2019, June 12, 2020, October 23, 2020 and December 10, 2020 trade on the CSE under the symbol “TGOD”, “ TGOD.WS”, “TGOD.WR”, “TGOD.WA” and “TGOD.WB” respectively. The common shares of the Company trade in the United States on the OTCQX under the symbol “TGODF”. For more information about The Green Organic Dutchman Holdings Ltd., please visit www.tgod.ca.

Warnings

This press release contains statements containing certain “forward-looking information” within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements in this release include, but are not limited to, statements about future growth and statements about available working capital. Forward-looking statements are often characterized by words such as “plan”, “continue”, “expect”, “project”, “intend”, “should”, “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 press release. Forward-looking statements are based on the opinions and estimates of management as of the date they are made and are subject to a variety of risks and uncertainties (including market conditions) and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements, including the risk factors described in the Company’s most recent annual information form filed with the Canadian securities authorities and available in the profile of issuer of the Company on SEDAR at www.sedar.com. Although the Company believes that the assumptions and factors used in preparing any forward-looking information or forward-looking statements contained in this press release are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur within the time disclosed or not at all. Forward-looking information and forward-looking statements included in this press release are made as of the date of this press release. 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 required by applicable law. expressly requires.

Neither CSE nor CSE’s Regulation Services Provider (as that term is defined in CSE’s policies) accepts responsibility for the adequacy or accuracy of this release.

SOURCE The Green Organic Dutchman Holdings Ltd.