The Green Organic Dutchman Holdings Ltd. (OTCQX:TGODF)(CSE:TGOD) has completed the transaction whereby TGOD will acquire all of the issued and outstanding common shares of BZAM Holdings Inc. from BZAM's sole shareholder, in exchange for common shares of TGOD. The transaction results in the BZAM shareholder holding an approximate 49.5% of the issued and outstanding combined entity shares, with the ability to earn additional combined entity shares subject to achievement of certain financial milestones in 2023.
Following the closing of the transaction, the company is now led by Matt Milich as CEO, supported by Sean Bovingdon as CFO, Jordan Winnett as CCO and Michel Gagne as COO. The board of directors of the company now consists of two new nominees from BZAM, being Tony Moschella and Keith Merker, who will join existing TGOD board members Angus Footman, remaining as chair of the board, Jacques Dessureault, Chris Schnarr, Louis Sterling III and Olivier Dufourmantelle.
