TORONTO, Oct. 23, 2018 /CNW/ - The Green Organic Dutchman
Holdings Ltd. (the "Company" or
"TGOD") (TSX:TGOD) (US:TGODF) is pleased to announce the
appointment of Mr. Sean Bovingdon as
Chief Financial Officer.
Mr. Bovingdon is an accomplished executive with almost 30 years'
experience across a multitude of private and public companies and
industries. Most recently, he served as CFO of Toronto Hydro
Corporation, a utility company with $3.5
billion in annual revenue. Prior to that he served as
President & CFO of public and private oil and gas companies,
CFO & VP, Finance for TSX listed technology and manufacturing
companies, and Controller for a major TSX listed oil sands company.
Mr. Bovingdon has been involved in $1.1 billion of public equity and debt
financings, and $2 billion of
syndicated credit facilities, including three IPOs.
"We are pleased Mr. Bovingdon has chosen TGOD to apply his
almost 30 years of finance experience," said Brian Athaide, TGOD's CEO. "Sean brings
significant public and capital markets experience as well as large
capital projects experience. This is complementary to our
team's deep consumer packaged goods background. Sean is the
perfect fit as we continue to build out our diverse and proven team
who are focused on excellence in execution as we build the leading
organic cannabis brand globally."
Mr. Bovingdon's past responsibilities included facilitating
strategy, investor and banking relations, treasury, accounting,
budgeting and forecasting, financial reporting, ERP
implementations, enterprise risk management, compliance systems,
and taxation. He is a trusted financial executive with significant
capital markets experience, a strong track record of building
collaborative teams and completing multiple mergers &
acquisitions.
"I am looking forward to working with the accomplished team at
TGOD and being part of such an exciting industry," said
Sean Bovingdon, TGOD's CFO. "I
intend to add value to the significant potential already present at
TGOD, contributing my own financial experience and knowledge of
capital markets, M&A and growth building to that of the
team."
ABOUT THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD
The Green Organic Dutchman Holdings Ltd. is a premium global
organic cannabis company, with operations focused on legal medical
cannabis markets in Canada,
Europe and Latin America and the legal Canadian adult-use
market. The Company grows high quality, organic cannabis with
sustainable, all-natural principles. TGOD's products are laboratory
tested to ensure patients have access to a standardized, safe and
consistent product.
TGOD has a funded capacity of 170,000 kg and is building
1,382,000 sq. ft. of cultivation facilities across Ontario, Quebec and Jamaica. In addition, TGOD has
raised approximately C$460 million
and has over 20,000 shareholders.
TGOD's Common Shares and warrants issued under the indenture
dated November 1, 2017 trade on the
TSX under the symbol "TGOD" and "TGOD.WT", respectively.
Forward-Looking Information Cautionary Statement
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 includes, but is not limited to,
statements about the future legalization of cannabis-infused
products in Canada, statements
about future research, development and innovation by the Company,
statements about the offering of any particular products by the
Company in any particular territory and statements regarding the
future performance of the Company. Forward-looking statements are
frequently characterized by words such as "plan", "continue",
"expect", "project", "intend", "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 and other factors that
could cause actual events or results to differ materially from
those projected in the forward-looking statements. 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 TSX nor its 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.
SOURCE The Green Organic Dutchman Holdings Ltd.