- Achieved $11.7 million preliminary unaudited gross revenue in Q2 2021
- Increase in quarter over quarter revenue of 30%, Canadian sales increasing by 55%
- CGO to focus on enhancing existing sales and marketing capabilities, and helping accelerate growth and branding across North America
The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX: TGOD) (US-OTC: TGODF), a leading producer of premium certified organically grown cannabis in Canada, today announced preliminary unaudited revenue for the second quarter of 2021, reflecting growth of 30% over the prior quarter, and an increase of 143% compared to the same period in 2020. To further accelerate this growth, the Company is pleased to announce that Gayle Duncan has joined the Company’s Senior Leadership Team as Chief Growth Officer (“CGO”), a newly created position aimed at enhancing existing sales and marketing capabilities and increasing brand awareness across North America.
Preliminary and unaudited consolidated gross revenue for the second quarter 2021 is expected to be approximately $11.7 million. This reflects the significant progress and growth achieved in Canadian operations and sales, which accounted for $10.3 million of the second quarter 2021 gross revenue total, an increase of 55% over Canadian sales in Q1-2021.
“The relaunch of our premium flower with the implementation of CleanCraft is being well received by the market. Combined with the national rollout of Organic Sugar Bush and the reopening of retail stores in key markets, it has contributed to a strong second quarter,” said Sean Bovingdon, CEO and Interim CFO of TGOD. “With the addition of Gayle, a seasoned marketer and proven sales growth enabler, I have even greater confidence in our ability to continue to deliver against our objectives.”
Ms. Duncan most recently provided consultative marketing services through her private practice to companies like Hydro One Telecom and Tim Horton’s, where she oversaw the Tim Card portfolio across North America and led the launch of the CIBC Tim Horton’s Double Double Visa Card. Prior to that, in her 30 year career launching, building and managing businesses, brands and teams, she held executive positions at agencies like Consumer Impact Marketing and Maritz Loyalty Marketing, and consulted with consumer brands such as IMAX, Bell Canada, and Green Gruff, a brand of CBD infused pet products sold in the United States.
The Company expects to release its consolidated interim financial results after market close on August 11, 2021.
