The Green Organic Dutchman Announces Shares for Debt Transaction

TORONTO, Jan. 4, 2023 /CNW/ - 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 6,500,000 common shares of the Company (the "Common Shares"), at a deemed issuance price of $0.40 per Common Share, to settle $2,600,000 (the "Indebtedness") of aggregate indebtedness of the Company (the "Debt Settlement Transaction"), pursuant to loan settlement agreements with two of the Company's largest shareholders (the "Shareholders"). 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 Debt Settlement Transaction remains subject to all necessary regulatory approvals including final acceptance by the Canadian Securities Exchange (the "CSE").