The Green Organic Dutchman Holdings Ltd. (TGOD), a leading Canadian cannabis company, has entered into a definitive agreement to acquire all common shares of BZAM Holdings, a private Canadian cannabis product producer, in exchange for TGOD's common shares. Upon completion, BZAM's sole shareholder will hold approximately 49.5% of the combined entity shares, with potential to earn more upon achieving specific 2023 financial milestones. The combined entity, emerging from this agreement, is projected to become Canada's sixth-largest cannabis company based on June-August 2022 retail sales. In 2021, TGOD and BZAM reported net revenues of $30.2 million and $32.2 million respectively. The joint entity achieved a combined unaudited net revenue of $85.7 million in the 12 months leading up to September 2022. This acquisition is strategically poised to create the market's most compelling product portfolio, encompassing a diverse range of cannabis products. Furthermore, the merged entity is expected to realize at least C$10 million in annual cost synergies post-acquisition. As for leadership, BZAM's current CEO, Matt Milich, and CCO, Jordan Winnett, along with TGOD's current CEO and Interim CFO, Sean Bovingdon, will lead the combined company. The transaction is valued at up to $33 million in combined entity shares, contingent on achieving 2023 financial milestones, and is expected to close by November 3, 2022. BZAM's financial and legal advisors were Clarus Securities Inc. and DuMoulin Black LLP, respectively, while Aird & Berlis LLP represented TGOD.