The Green Organic Dutchman Announces Stock Option and RSU Grants

TORONTO, April 7, 2022 /PRNewswire/ – The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (CSE: TGOD) (US-OTC: TGODF), a sustainable global cannabis company, announces that it has granted options (each to an “Option”) to purchase a total of up to 29,552 ,000 common shares of the Company (the “Common Shares”) to certain directors, officers, employees and consultants of the Company, of which 19,950,000 options were granted to directors and officers and 9,602,000 options were granted to employees and consultants. Each option is exercisable into one common share at an exercise price per common share of $0.13. The options vest at 1/3 of the total number of options granted on the first, second and third anniversaries of the grant date and expire five years after the grant date. The options are granted in accordance with the Company’s stock option plan, which has been approved by the Company’s Board of Directors May 12, 2021 (the “Option Plan”).

Pursuant to the terms of the Company’s amended and restated Restricted Share Unit Plan dated October 9, 2020 (the “RSU Plan”), Restricted Share Units (“RSUs”), which represent the right to receive up to an aggregate of 350,000 common shares, subject to the satisfaction of certain vesting conditions, have also been granted to an adviser to the Company. Copies of the Option Plan and RSU Plan are available under the Company’s SEDAR profile at www.sedar.com.

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman Holdings Ltd. (CSE: TGOD) (US-OTC: TGODF) is a sustainable, global cannabis company focused on innovation, quality, consistency, integrity and transparency. Through the use of science and technology, TGOD harnesses the power of nature from seed to sale. The company is committed to a better future by manufacturing its products responsibly, with less waste and less impact on the environment. In Canada, TGOD serves the recreational market with a portfolio of brands that includes The Green Organic Dutchman, Highly Dutch Organics, Ripple by TGOD and Cruuzy brands, as well as the medical markets in Canada Canada, South Africa, Australiaand Germany. All cannabis used in The Green Organic Dutchman and Highly Dutch Organics branded products is grown through a certified organic process that includes living soil, filtered rainwater, sunlight and natural ingredients. The Company also distributes premium hemp CBD oil and CBD-infused topical products in Europe through its European subsidiary HemPoland.

The common shares and warrants of TGOD issued pursuant to the dated agreements December 19, 2019, June 12, 2020, October 23, 2020 and December 10, 2020 traded on the CSE under the symbols “TGOD”, “TGOD.WS”, “TGOD.WR”, “TGOD.WA” and “TGOD.WB” respectively. TGOD’s common stock is traded in the United States on the OTCQX under the symbol “TGODF”. More information about The Green Organic Dutchman Holdings Ltd. can be found at www.tgod.ca.

Neither the CSE nor the CSE’s Regulatory Service Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this press release.

SOURCE The Green Organic Dutchman Holdings Ltd.