Tuesday, October 21, 2025

TGOD Sees Revenues Decline To $7.3 Million For Q3 2021

The Green Organic Dutchman (CSE: TGOD) last night reported its third quarter financial results. The firm managed to post declining sales on a quarter over quarter period, with net revenues falling to $7.3 million, while the company posted an overall net loss of $14.5 million.

TGOD's Logo

Revenues for the quarter declined 23.5% on a quarter over quarter basis, falling from $9.5 million to $7.3 million. No justification for the declining quarter over quarter sales was provided by the company, with TGOD instead focusing on its “continued progress” in the sector based on its year over year results.

Cost of sales meanwhile came in at %.2 million, resulting in a gross profit before fair value changes of $2.1 million for the quarter. Operating expenses meanwhile amounted to $11.7 million, lead by general and administrative expenses of $6.4 million. Overall, the firm posted a loss from operations of $9.2 million for the quarter.

Things got no better from here, with the company recording several million in additional expenses, including $1.0 million in financing costs, and $4.4 million in impairments on the revaluation of certain assets. The company overall posted a net loss of $14.5 million, of which $0.6 million was related to discontinued operations, a reference to the firms Hempoland operation. An EBITDA figure was not provided.

The company finished the quarter with $3.9 million in cash and cash equivalents.

The Green Organic Dutchman last traded at $0.16 on the CSE.


Information for this briefing was found via Sedar and the companies mentioned. 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

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

TGOD Closes $17.3 Million Bought Deal Financing

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

Friday, June 12, 2020, 10:27:47 AM

Green Organic Dutchman: Not So Low Cost After All

The Green Organic Dutchman (TSX: TGOD, TGOD.WT) released it’s third quarter financials yesterday. Within these...

Wednesday, November 14, 2018, 01:00:56 PM

The Green Organic Dutchman Announces Further Asset Impairments of $50 – $60 Million

The Green Organic Dutchman (TSX: TGOD) this morning reported that it will be releasing its...

Thursday, May 14, 2020, 08:58:51 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

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...

Thursday, July 15, 2021, 08:04:48 AM