The Green Organic Dutchman Announces Release of Escrowed Shares and New Share Issuance

TORONTO, Jan. 23, 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 in accordance with certain earn-out provisions relating to the Company's acquisition (the "Transaction") of all of the issued and outstanding shares (the "Galaxie Shares") of Galaxie Brands Corporation on November 17, 2021, the Company has released 1,142,857 common shares of the Company (the "Released Shares") held in an indemnity escrow account upon closing of the Transaction, to two vendors of the Galaxie Shares (the "Vendors"). The remaining 7,428,571 common shares of the Company held in the indemnity escrow account will be returned to treasury and cancelled.