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Canadian cannabis producer The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) (OTCQX:TGODF) reported its unaudited interim financial results Wednesday for the second quarter of fiscal 2021. Shares traded down roughly 1.5% at $0.25 per share in Wednesday's after-hours session.
"Growth continued in the second quarter as the organization remained focused on executing our turnaround plan and fulfilling the TGOD Promise," Sean Bovingdon, TGOD's CEO and interim CFO said.
Here's a breakdown of what the second-quarter earnings report showed:
In addition, the company eliminated its senior term debt of over $30 million at a 13% interest rate, in conjunction with the sale of the Quebec facility.
The Toronto-based company said it continues to pursue other international opportunities by exploring Germany, Mexico, Australia and South Africa markets.
Photo: Courtesy of The Green Organic Dutchman Holdings Ltd.