TGOD Reveals Prelim Q2 Gross Revenues Of $11.7 Million

The Green Organic Dutchman (TSX: TGOD) has evidently experienced a positive second quarter, with the company this morning boasting preliminary results for the second quarter. The figure reported however was on a gross basis, rather than a net basis.

TGOD's Logo

The firm has reported unaudited preliminary gross revenue of $11.7 million for the second quarter of the year. The result compares to $8.98 million in gross revenue reported for the first quarter, which netted down to $7.7 million in revenues.

The preliminary results are said to be a function of increased Canadian cannabis sales, which grew to $10.3 million for the quarter, a 55% increase on a quarterly basis.

The firm this morning also appointed Gayle Duncan as Chief Growth Officer, whom will be focused on expanding sales and marketing capabilities within North America. The role is newly created at the firm as TGOD looks to drive further revenue for its operation.

Full financial results are slated to be released by the company on August 11, with results to reflect the recent sale of its Valleyfield facility for $27 million among other items.

TGOD last traded at $0.335 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

Silver @ $36 & We’re Still 200M Oz Short | Paul Andre Huet – Americas Gold and Silver

Gold’s Wild Bull Run: Are Markets About to Break? | Mike McGlone

First Majestic Silver: The Santa Elena Mine

Recommended

Goliath Resources Closes Out Funding Round With Total Gross Proceeds Of $27.1 Million

Silver47 Kickstarts 4,000 Metre Drill Campaign At Red Mountain Project

Related News

The Green Organic Dutchman Struggles to Find Additional Funding, Threat of Construction Delays Loom

Funding for cannabis operations in Canada is drying up quick, as demonstrated by today’s news...

Wednesday, October 9, 2019, 09:14:21 AM

Green Organic Dutchman Secures $23 Million Sale Leaseback, Signs Two Non-Binding Term Sheets

The Green Organic Dutchman (TSX: TGOD) announced thi morn ing that the firm has secured...

Thursday, November 14, 2019, 09:07:09 AM

The Green Organic Dutchman Cuts Executive Roles

The Green Organic Dutchman (TSX: TGOD) announced several executive leadership changes today, which largely consists...

Thursday, January 9, 2020, 08:34:22 AM

TGOD Sells Valleyfield Facility For $27 Million To Cannara Biotech

Months after initially listing it for sale, The Green Organic Dutchman (TSX: TGOD) has finally...

Thursday, June 10, 2021, 08:06:46 AM

Public Cannabis Companies Have Already Received More Than $25 Million in Federal Wage Subsidies

In response to the spread of COVID-19, the Canadian Federal Government introduced several programs to...

Saturday, November 14, 2020, 10:00:00 AM