CAN (ON): The Green Organic Dutchman to transition to a wholesale business model

The Green Organic Dutchman has unveiled plans to transition its medical business to a wholesale model, in line with other pharmaceutical products' distribution models. TGOD's patient-centered approach will enable easier access to a broad range of medical cannabis products without having to register with multiple licensed producers.

TGOD has a national supply agreement in place with Medical Cannabis by Shoppers, a subsidiary of Shoppers Drug Mart Inc., Canada's largest pharmacy network. "Every effort has been made to ensure that there is no supply disruption for patients and all TGOD products will be available via Shoppers' online store platform," TGOD team explains. "TGOD also has agreements with other medical distributors and clinics, with plans to increase its presence within the medical market as it transitions from its legacy direct-to-patient model."

"TGOD has its roots in the medical segment and remains committed to supporting easy access to cannabis treatments for Canadian patients. Shifting to a wholesale model not only makes sense from a business standpoint, allowing us to invest working capital in other growth opportunities, but it also gets us closer to our goal of eliminating the stigma that surrounds the plant within certain medical circles," commented Sean Bovingdon, TGOD's Chief Financial Officer and Interim Chief Executive Officer. "In our view, Medical Cannabis by Shoppers and other medical distributors will play an increasingly central role in supporting patients across the country, a trend we see accelerating in the years ahead as licensed producers focus on research and innovation."