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(TGOD.TO) (TGODF), a leading producer of premium certified organic cannabis, announced today that due to ongoing concerns related to the 2019 novel coronavirus (“COVID-19”), and in order to provide its shareholders with the opportunity to have an in-person Annual General Meeting (“AGM”), the Company has decided to hold its AGM on December 15, 2020.” data-reactid=”12″ type=”text”>
( TGOD.TO) ( TGODF), a leading manufacturer of premium licensed natural marijuana, announced today that due to continuous issues related to the 2019 novel coronavirus (” COVID-19″), and in order to provide its shareholders with the chance to have an in-person Yearly General Satisfying (” AGM”), the Company has chosen to hold its AGM on December 15, 2020.” data-reactid=”12″ type=” text”> TORONTO, June24,2020/ CNW/- The Green Organic Dutchman Holdings Ltd.(” TGOD” or the” Company”)(TGOD.TO )( TGODF), a leading manufacturer of premium accredited natural marijuana, announced today that due to ongoing issues connected to the2019 unique coronavirus( “COVID-19” ), and in order to supply its shareholders with the chance to have an in-person Annual General Satisfying(” AGM “) , the Company has actually decided to hold its AGM on December15,2020
The Green Organic Dutchman Holdings Ltd.( CNW Group/The Green Organic Dutchman Holdings Ltd.)
“Holding our AGM in December increases the possibility of being able to have an in-person format, which is preferred, while we will continue to provide routine business updates reflecting our scaled operations to our investors through our quarterly disclosures, “commented Brian Athaide, CEO of TGOD.
The Company is continuing to closely keep an eye on advancements associated with COVID -19 and might modify the format of its AGM based on altering conditions and the recommendations of public health authorities at the time relating to restrictions on the number of people who can securely collect.
TGOD.TO )( US– OTC: TGODF) is a premium accredited organic cannabis company concentrated on the health and wellness market. Its licensed– organic cannabis is grown in living soil, as nature intended. The Business is devoted to cultivating a much better tomorrow by producing its items properly, with less waste and influence on the environment. Its 2 Canadian facilities have been developed to LEED accreditation requirements and its products are sold in recyclable product packaging. In Canada, TGOD offers dried flower and oil, and just recently introduced a series of next– generation cannabis products such as natural teas, dissolvables and vapes. Through its European subsidiary, HemPoland, the Company likewise disperses premium hemp CBD oil and CBD-infused topicals in Europe. By leveraging science and innovation, TGOD harnesses the power of nature from seed to sale.” data-reactid=”27″ type=” text”> About The Green Organic Dutchman Holdings Ltd. The Green Organic Dutchman Holdings Ltd.( TGOD.TO)( United States– OTC: TGODF )is a premium licensed natural cannabis business concentrated on the health and health market. Its licensed– organic cannabis is grown in living soil, as nature meant. The Company is committed to cultivating a much better tomorrow by producing its products responsibly, with less waste and impact on the environment. Its 2 Canadian facilities have actually been developed to LEED accreditation standards and its products are sold in recyclable packaging. In Canada, TGOD sells dried flower and oil, and just recently released a series of next– generation cannabis products such as organic teas, dissolvables and vapes. Through its European subsidiary, HemPoland, the Company likewise distributes premium hemp CBD oil and CBD-infused topicals in Europe. By leveraging science and innovation, TGOD harnesses the power of nature from seed to sale.
www.tgod.ca.” data-reactid=”28″ type=”text”>
www.tgod.ca” data-reactid=”28
” type=” text”> TGOD’s Typical Shares and warrants provided under the indentures dated November 1,2017, December19,2019 and June12,2020 trade on the TSX under the sign” TGOD”,” TGOD.WT”,” TGOD.WS” and” TGOD.WR”, respectively, and TGODF trades in the US on the OTCQX. For more details on The Green Organic Dutchman Holdings Ltd., please go to www.tgod.ca
Cautionary Statements
This news release includes statements consisting of particular” forward– looking details” within the meaning of relevant securities law(” forward– looking statements”). Forward looking statements in this release includes, however is not limited to, statements about the launch of brand-new items, statements about revenue development, and declarations relating to the future efficiency of the Company. Forward– looking declarations are frequently identified by words such as” plan “, “continue”, “anticipate”, “project”,” plan”,” should”,” think “, “expect”,” quote “,” might”,” will “,” prospective”,” proposed “and other similar words, or declarations that certain events or conditions “may” or “will” happen. These declarations are only predictions. Numerous presumptions were used in drawing the conclusions or making the projections consisted of in the forward– looking declarations throughout this news release. Forward– looking statements are based upon the opinions and price quotes of management at the date the statements are made and are subject to a range of dangers and unpredictabilities (consisting of market conditions) and other factors that could cause real events or results to differ materially from those predicted in the forward– looking declarations, including those risk elements explained in the Business’s most recently filed Yearly Info Kind readily available on SEDAR. The Company is under no commitment, and expressly disclaims any objective or obligation, to upgrade or modify any forward– looking declarations, whether as a result of brand-new details, future events or otherwise, except as specifically needed by relevant law.
What’s the most competitive product on Amazon? Smart device cases. What does Matt Altschul’s business, Smartish, sell? Mobile phone cases. And it prospers.
” To even think about contending in a space like phone cases,” he informed me, “you have to use each of Amazon’s marketing tools concurrently– advertising, vouchers, offers of the day, lightning deals, bigger campaigns, running advertisements from outdoors into Amazon.”
I spoke to Altschul recently about Amazon, phone cases, and custom-made manufacturing, among other topics. What follows is the whole audio version of our discussion and a records, modified for length and clearness.
Eric Bandholz: Inform us about Smartish and yourself.
Matt Altschul: I began Smartish in2009 I still enjoy it. We’re based here in Austin, Texas. We offer a lot of items on Amazon and some direct to customer. It’s all online. We attempt to keep our service simplified for sanity. We don’t have the exposure of traditional retail. My life enjoys and good.
Bandholz: Do you have any business partners or investors?
Altschul: I keep 100- percent control in the company.
We initially had co-founders that eventually either passed away, or I purchased out.
Bandholz: Actually died?
Altschul: Yes. It was demanding. Through all of it, I have actually been in charge of whatever. It’s been lonely often. Who do you lean to? Who do you want to for advice? To a fault, I worked on my own for a long time. Whoever is listening to this is already doing better than I did. You’re seeking to connect with individuals in the community and understand more about entrepreneurship. I didn’t do that as much from the start.
About five years earlier, I was involved in an accelerator called SKU, a consumer-product accelerator here in Austin. I joined to get involved with more similar individuals in our neighborhood.
It’s an outstanding accelerator to join for any consumer packaged goods business, specifically in Austin, that already has a market-validated item. You give them a specific quantity of equity for an accelerator program; they supply you with access to mentors and capital or at least intros to prospective investors.
Bandholz: You have to give up equity for that?
Altschul: Some equity, yes. It’s a small stake in the business that in the grand plan of things is worth it.
Bandholz: Employees are never going to understand the pressure of growing a service.
Altschul: I believe we as entrepreneurs concern terms with a lot of things. Things that created tension in the very first 5, 6 years, in time do not. It’s a feeling of no matter how bad it looks, we’ll survive this.
Collecting state sales tax was one of those things that happened to me a couple of years earlier.
I ultimately came to grips with how much cash I owe these states. If I experienced that in my very first 5 years, I would’ve been stressed. Being 8 years into it, I recognized we have actually gotten through comparable issues prior to, and we’ll get through this.
Bandholz: Let’s discuss your circulation strategy. You’re mostly on Amazon.
Altschul: I was selling on Amazon prior to I started Smartish. All told, I have actually been offering Amazon for about 14 years.
Bandholz: My business, Beardbrand, doesn’t sell anything on Amazon. I was afraid of the fact that they could snap their fingers and our sales would be gone.
Altschul: Yes, that might take place. We had possibly the most significant scare ever on Amazon a number of months ago. Our products were deprioritized from fulfillment centers and got pushed out to a one month shipment on both the vendor and the seller side– 1P and 3P.
It’s definitely a danger that I’m trying to water down by growing our direct-to-consumer market, which we’re doing a pretty good task at. Definitely a large percentage of our sales is still on Amazon.
Bandholz: You appear to have produced a brand name on Amazon, which is different than a lot of Amazon sellers. Discuss that technique.
Altschul: My concept has always been to have a brand name that people like, engage, and buy products from. The other side of an Amazon service is discovering an opportunity in a product and simply cranking it out for a dollar cheaper. That’s not as fun to me. I take pleasure in item development. And we attempt to stay in our lane. Smartish sells phone cases and related stuff. We don’t make desk mats or pens or CBD oil.
Bandholz: From an outsider’s viewpoint, phone cases seem extremely commoditized. How do you compete?
Altschul: Phone cases are most likely the second most commoditized market on Amazon (behind supplements) and the most competitive. There’s no barrier to entry for a Chinese factory to develop an injection mold of an iPhone case and offer it straight on Amazon.
Many of the top 100 sellers are from China. There’s no way you can live on Amazon without a truly, truly good product.
To even think of completing in a space like phone cases, you have to utilize every one of Amazon’s marketing tools at the same time– marketing, coupons, offers of the day, lightning offers, bigger projects, running advertisements from outside into Amazon, having a PR team getting write-ups and having those write-ups pushed to your website, using Vine, using Early Evaluation. All those things have to be running at the same time and well.
But even that’s not going to get you in the top 100 in cases since it’s just so competitive. But fortunately numerous people purchase phone cases that you can live beyond that ranking and still have a quite profitable organisation.
Bandholz: You’re production in China That’s got to be challenging to handle the relationship with the factory.
Altschul: Yes. I have an ex-pat who runs item development there.
Bandholz: It would not shock me if there were Chinese factories that sell their clients’ designs.
Altschul: Out the back door.
Bandholz: Are you able to get pre-production iPhones from Apple so your cases are readily available on launch day?
Altschul: It’s an excellent question. The answer is no.
How do we know how the specifications or the details a brand-new iPhone case? Two to 3 months previously, we have to go into production, and we’re cranking out 10s of thousands of units 2 months before the phone’s even revealed.
Almost every case maker sweats off of dripped three-dimensional models. Whether Apple allows this to take place, they know they can’t control it. But almost every case producer has to sweat off rumored styles. We resemble, “Okay, I think this is right.” Or, “This is probably 90 percent right.” Or, “Possibly this is most likely 97 percent proper.” And after that one day we need to choose, “We’re going to lock-in. We hope that it’s best.”
Bandholz: I can’t imagine. I constantly assumed that Apple had these relationships with case makers and sent them prototypes.
Altschul: No, they do not. Just the top 2 or so case makers have main specs from Apple.
Bandholz: I have actually enjoyed our time. Where can individuals find out more about you and your products?
FRANKFURT, Germany and TORONTO, July 10, 2020 /PRNewswire/ – The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX: TGOD) (US: TGODF), a leading producer of premium certified organic cannabis, announced today that its Ancaster facility has obtained a European Union Good Manufacturing Practice (“EU-GMP”) certificate enabling it to commence exports to Germany.
The Green Organic Dutchman Holdings Ltd. Logo (CNW Group/The Green Organic Dutchman Holdings Ltd.)
Under this EU-GMP certificate, valid until December 31, 2020, TGOD can commence exporting its premium certified organic products for validation in preparation for commercialization in 2021. The Company anticipates validation will be completed by the end of the year, subsequently enabling export of medical cannabis products for commercial purposes to Europe and other jurisdictions.
“This EU-GMP certificate enables export of dried flower and cannabis extracts to Germany for validation, making TGOD the first certified organic Canadian licensed producer to obtain the prestigious certification,” stated Dr. Joachim Lubig, Managing Director of TGOD Europe. “By leveraging our existing network of distribution partners in Germany and other countries, TGOD will be in a strong position to quickly ramp up international sales of premium certified organic cannabis products in 2021,” added Dr. Lubig.
About The Green Organic Dutchman Holdings Ltd. The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US–OTC: TGODF) is a premium certified organic cannabis company focused on the health and wellness market. Its certified–organic cannabis is grown in living soil, as nature intended. The Company is committed to cultivating a better tomorrow by producing its products responsibly, with less waste and impact on the environment. Its two Canadian facilities have been built to LEED certification standards and its products are sold in recyclable packaging. In Canada, TGOD sells dried flower and oil, and recently launched a series of next–generation cannabis products such as organic teas, dissolvables and vapes. Through its European subsidiary, HemPoland, the Company also distributes premium hemp CBD oil and CBD-infused topicals in Europe. By leveraging science and technology, TGOD harnesses the power of nature from seed to sale.
TGOD’s Common Shares and warrants issued under the indentures dated November 1, 2017 and December 19, 2019 trade on the TSX under the symbol “TGOD”, “TGOD.WT” and “TGOD.WS”, respectively, and TGODF trades in the US on the OTCQX. For more information on The Green Organic Dutchman Holdings Ltd., please visit www.tgod.ca.
Cautionary Statements This news release includes statements containing certain “forward–looking information” within the meaning of applicable securities law (“forward–looking statements”). Forward looking statements in this release include, but are not limited to, statements about the completion of validation of the Company’s products for European export, statements about the export of the Company’s medical products for commercial purposes to Europe and other jurisdictions, statements about the timing of international sales of the Company’s products and statements about the Company’s ability to offer certain products in certain jurisdictions. Forward–looking statements are frequently 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 news release. Forward–looking statements are based on the opinions and estimates of management at the date the statements 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 those risk factors described in the Company’s most recently filed Annual Information Form available on SEDAR. 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 expressly required by applicable law.
Neither the TSX nor the TSX’s Regulation Services Provider (as that term is defined in the policies of Toronto Stock Exchange) accept responsibility for the adequacy or accuracy of this release.
