The Green Organic Dutchman Announces Shares for Debt Transaction

TORONTO, Nov. 30, 2022 /PRNewswire/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (CNSX:TGOD.CN) (US-OTC:TGODF), a sustainable global cannabis company and leading producer of premium cannabis brands, announces that the Company has agreed to issue an aggregate of 3,486,888 common shares of the Company (the "Common Shares"), at a deemed issuance price of $0.7337 per Common Share, to settle approximately $2,558,330 of aggregate indebtedness of certain subsidiaries of the Company (the "Indebtedness"), pursuant to certain loan settlement agreements. Such Common Shares will be issued in reliance on certain prospectus exemptions available under securities legislation and will be subject to a four-month plus one day statutory hold period. The issuance of such Common Shares to settle the Indebtedness remains subject to all necessary regulatory approvals including final acceptance by the Canadian Securities Exchange (the "CSE").