Mr. Brian Athaide reports

THE GREEN ORGANIC DUTCHMAN REPORTS Q3 RESULTS

The Green Organic Dutchman Holdings Ltd. has released its financial and operational results for the third quarter of fiscal 2018 ended Sept. 30, 2018. These filings are available for review on the company's SEDAR profile.

Q3 highlights:

• The company continues to make significant progress on the construction of its facilities in Hamilton, Ont., and Valleyfield, Que., having deployed a total of $33-million in capital expenditures in the third quarter of 2018. Green Organic is on schedule to launch commercial production in both facilities during the first half of 2019.
• The company is optimizing commercial cultivation at its existing facility in Hamilton, developing five new strains for placement into the medical and recreational markets to ensure that it is in position to provide patients and consumers with consistent, reliable, premium product. The most recent commercial crop harvested will be allocated to Green Organic's select Grower's Circle in January, 2019. The Growers Circle will provide early investors and patients who rely on medical cannabis access to the company's first commercial crop. It is limited to 200 patients and designed to support those who supported Green Organic and those who are most in need of medical cannabis therapy.
• The company is confident in a successful resolution of the appeal filed with the LPAT (Local Planning Appeals Tribunal) in Hamilton regarding a zoning amendment required to produce cannabis in its new 123,000-square-foot hybrid facility. Green Organic has approval from the city's agricultural and rural affairs committee, the planning committee, the Ontario Federation of Agriculture, and the support of the majority of local residents recently polled. Management is confident in a successful resolution in Q1 2019. Green Organic's existing two facilities on the Hamilton site (total 27,000 square feet), are already zoned to produce medical cannabis.
• The company invested in Jamaica, through Epican Medicinals, with current retail sales in its Kingston store and planned expansion into four additional retail stores and expanded production capacity to 14,000 kilograms.
• The company expanded its international footprint with the HemPoland acquisition that closed Oct. 1, 2018. HemPoland has established production and sales of cannabidiol oil and other industrial hemp products across Europe, providing immediate revenue for Green Organic.
• The company expects to have 170,000 kilograms of annual cannabis capacity across Canada and Jamaica when construction is completed, as well as scalable hemp capacity in Poland. Utilizing state-of-the-art facilities, the lowest power rates in Canada and premium pricing for organics, Green Organic expects to have industry-leading margins once achieving scale in late 2019.
• The company has developed both tetrahydrocannabinol and cannabidiol beverage formulations with consumer-pleasing taste profiles. Green Organic expects to be ready before legalization occurs for beverages with a number of beverage products in varying flavours and formulations.
• The company entered into a joint venture with one of largest pharmaceutical distributors in Mexico, ready to position Green Organic products across 7,600 potential points-of-sale and take advantage of the new regulatory rulings in Mexico in support of medical and recreational cannabis use.
• The company continues to negotiate supply and distribution agreements across Canada to meet the strong provincial demand for its organic product. Green Organic is establishing national sales capabilities for medical and recreational markets in 2019.
• The company is expanding its operations, administration and marketing infrastructure to rapidly scale its business as noted herein, resulting in a loss for the three and nine months ended Sept. 30, 2018, of $11.3-million and $27.1-million, respectively, which is in line with budgeted expectations. With the accelerated exercise of 16.45 million warrants at an average of $2.91 per warrant and the completion of the $76.2-million bought deal offering after quarter-end (including 1.6 million underwriter warrants that were exercised), the company currently has cash of over $300-million on hand to execute its plans.

"TGOD is on track to becoming the largest organic cannabis brand in the world as we continue to aggressively expand our global footprint, including Jamaica, Europe and Latin America, establishing leadership in organic cannabis." said Brian Athaide, chief executive officer of Green Organic. "We are excited with the quality and yield of our first commercial crop and are seeing our substantial investments in research and development leading to high-quality product with industry-leading margins. We are on schedule to scale up our new facilities to bring annual capacity of 170,000 organic kilograms on line. With international sales in Q4 2018, anticipated supply and distribution agreements, domestic sales commencing in Q1 2019, and additional global M&A [merger and acquisition] opportunities, we expect a number of significant catalysts for our company in the near term," continued Mr. Athaide.

"TGOD has secured its financial future by raising over $450-million, fully funding our current domestic and international plans, and we have no plans to return to the market for additional capital at this time," said Sean Bovingdon, chief financial officer. "We have derisked the capital side of our business and with our focus now on delivering medical and recreational sales in Canada and internationally. We expect to drive significant value for shareholders in 2019 and beyond."

About The Green Organic Dutchman Holdings LTD

Green Organic is a premium global organic cannabis company, with operations focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin America as well as the Canadian adult-use market. Green Organic has a financed capacity of 170,000 kilograms and is building 1,382,000 square feet of cultivation facilities across Ontario, Quebec and Jamaica.

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