QualityStocksNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Adapts Operations, Aggressively Reduces Costs While Expanding Product Portfolio
The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium, certified-organic cannabis, on Wednesday announced that, due to market conditions, it is adapting operations and aggressively reducing costs. According to the update, the company has postponed the startup of its Valleyfield facility in order to centralize cultivation operations at Ancaster. The Ontario facility is able to produce larger volumes than initially anticipated, enabling the company to delay Valleyfield cultivation operations while saving costs and capital. “Multiple factors, most particularly the COVID-19 pandemic, are contributing to an environment in which we must be extremely prudent with how…