The Green Organic Dutchman Holdings Ltd. is pleased to announce the appointment of Louis Sterling to the Board of Directors effective today, subject to the receipt of any necessary regulatory approvals.
Since 2017, Mr. Sterling has been a private investor targeting small-cap public equities and select fast-growth private companies, particularly in the health, wellness, and cannabis industries. Prior to this, he was a managing director of BondFactor, a firm specializing in insuring municipal bonds. A graduate of Harvard Law School, Mr. Sterling also holds an MBA from Harvard Business School, an undergraduate degree from Howard University, and has extensive experience in investment banking and private equity, having worked at Lincolnshire Management and Goldman, Sachs & Co.
Mr. Sterling will be replacing Mr. Jeffrey Scott who is resigning from his position as Board Member effective immediately to focus on other business interests.
“On behalf of the entire TGOD organization, I’d like to welcome Louis to TGOD’s Board. He joins us at an exciting time as we continue to grow revenues and execute our plan to profitability. We are confident that Louis will provide valuable perspectives as we explore opportunities in the U.S. and increase our market share domestically,” said Angus Footman, Chair of the Board. “I would also like to thank Jeff for his contribution to the Board since 2018 and wish him well in his future endeavours,” added Mr. Footman.
In connection with the Appointment, the Company has granted Mr. Sterling options to purchase an aggregate of up to 300,000 common shares of the Company. Each Option is exercisable into one common share at an exercise price of $0.11 per common share. The Options are granted in accordance with the Company’s share option plan adopted by the board of directors of the Company on May 12, 2021.
