Wednesday, October 8, 2025

Latest

TGOD Ends Medical Cannabis Program, Transitions To Wholesale Model

The Green Organic Dutchman (TSX: TGOD) this morning announced that it is giving up the ghost in regards to its medical cannabis program. The company announced that it is working towards transitioning its medical program to that of a wholesale program, which is likely being done in an effort to cut costs.

TGOD's Logo

Commenting on the transition, TGOD indicated that it is making the move to be aligned with “other pharmaceutical products distribution models.” The company will be relying on its national supply agreement with Medical Cannabis by Shoppers for its medical cannabis distribution going forward, with all products being made available on the platform.

The company also identified it has other arrangements in place with medical distributors and clinics, however details were not provided. The firm did indicate that it intends to increase its presence within the medical market however.

Commenting on the transition, interim CEO Sean Bovingdon stated, “Shifting to a wholesale model not only makes sense from a business standpoint, allowing us to invest working capital in other growth opportunities, but it also gets us closer to our goal of eliminating the stigma that surrounds the plant within certain medical circles.

The transition is expected to be completed by April 1.

TGOD last traded at $0.30 on the TSX.


Information for this briefing was found via Sedar and The Green Organic Dutchman. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

TGOD Set To Acquire Canadian Cannabis Firm In All-Stock Deal

Months after stepping off of the TSX to that of the CSE, The Green Organic...

Monday, November 1, 2021, 07:56:38 AM

BMO Cuts The Green Organic Dutchman Price Target to $0.70

The Bank of Montreal reportedly downgraded its price target on The Green Organic Dutchman (TSX:...

Wednesday, October 9, 2019, 10:34:02 PM

The Green Organic Dutchman Posts Second Quarter Revenues of $2.89 Million

The Green Organic Dutchman (TSX: TGOD) announced their second quarter results this evening, with revenues...

Tuesday, August 13, 2019, 05:43:42 PM

TGOD Closes $12.75 Million Bought Deal Financing

The Green Organic Dutchman (TSX: TGOD) this morning announced that it has closed its previously...

Friday, October 23, 2020, 09:41:59 AM

TGOD Set To Trade On The CSE As Of Monday

The Green Organic Dutchman (TSX: TGOD) this morning provided an update on its departure from...

Friday, September 10, 2021, 07:46:51 AM