Leading producer of premium certified organically grown cannabis, The Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF), on August 5, 2021, released second-quarter 2021 results after the market close on August 11, 2021. The firm will be holding a conference call with analysts the next day.
The speakers for the conference will include CEO, Sean Bovingdon; Interim Chief Financial Officer, Michel Gagné as well as Shane Dungey, Vice President, Investor Relations.
The company also announced preliminary unaudited revenue for quarter two of 2021, demonstrating 30% growth over the prior quarter. This is also a surge of 143% compared to the same period in 2020.
The Green Organic Dutchman also announced the joining of Gayle Duncan as the Chief Growth Officer, a new position targeted at increasing marketing capabilities existing sales and marketing capabilities and increasing brand awareness across North America.
While the consolidated gross revenue for quarter 2 is estimated to be $11.7 million, it shows good progress and growth achieved in Canadian operations, accounting for $10.3 million of the second quarter 2021 gross revenue total, a surge of 55% over Canadian sales in Q1-2021.
Sean Bovingdon, the CEO and Interim CFO of TGOD said that the relaunch of premium flower with the implementation of CleanCraftis positive. Bovingdon added that the national rollout of Organic Sugar Bush as well as the reopening of stores has contributed to a robust second quarter.
Duncan provided consultative marketing services to companies such as Hydro One Telecom and Tim Horton’s until recently and has over 30 years of experience.