BZAM LTD. — Capital/Financing Update 2021

Jun 11, 2021

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REPORT

RE: The Green Organic Dutchman Holdings Ltd. (the “Corporation”) At-the-Market Prospectus Supplement dated December 2, 2020 (“ATM Prospectus Supplement”)

The Corporation hereby confirms the following information in respect of the distribution of common shares of the Corporation (each, an “ Offered Share ”) in February 2021 (the “ Offering ”), under the ATM Prospectus Supplement:

1. The Corporation issued 14,341,958 Offered Shares at a weighted average price of $0.56 per Offered Share;

2. The aggregate gross proceeds of the Offering was $7,892,526;

3. The aggregate net proceeds of the Offering was $7,655,750; and

4. The aggregate commissions paid pursuant to the Offering was $236,776.

DATED the 11[th] day of June, 2021.

THE GREEN ORGANIC DUTCHMAN HOLDINGS LTD.

Per: “ Sean Bovingdon ” Name: Sean Bovingdon Title: Chief Executive Officer and Interim Chief Financial Officer