The Green Organic Dutchman Provides Corporate Update
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Achieving higher potency and yield in harvests
TORONTO, April 29, 2021 /PRNewswire/ - The Green Organic Dutchman Holdings Ltd. (the Company or TGOD ) (TSX: TGOD) (US: TGODF), a leading producer of premium certified organically grown cannabis, is pleased to provide a corporate update on its operations and progress on its strategic business plan.
Asset Monetization
Earlier this year, TGOD initiated the process of monetizing underutilized assets, especially at its cultivation and processing facility in Valleyfield, Quebec (the Valleyfield Facility ). In doing so, the Company hopes to increase its financial flexibility in order to reduce its debt and capitalize on future opportunities. To date, TGOD has realized $2.64 million from the sale of various excess assets and has recently closed the first round of bidding on its Valleyfield Facility, after receiving multiple viable bids. Manag
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