Green Organic Dutchman reports wider quarterly losses as cannabis production ramps up

Women, minority execs show few gains in U.S. cannabis industry, according to the latest data from the MJBiz Diversity, Inclusion and Equity Report. Get your copy here.

The Green Organic Dutchman, a Toronto-based marijuana cultivator, reported a net loss of 14.1 million Canadian dollars ($10.6 million) for the first quarter, almost double the same period in 2018.

Revenue for the quarter totaled CA$2.4 million. The company did not report figures for the same period in 2018.

The company said the wider loss stemmed from its preparation for commercial production and entry into Canada’s recreational market later this year.

The company trades on the Toronto Stock Exchange under the ticker symbol TGOD.

More details on the results can be found here.