BZAM
BZAM is a Canadian recreational cannabis company formerly known as The Green Organic Dutchman Holdings Ltd.
Last updated August 26, 2026
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Overview
BZAM Ltd. is a Canadian recreational cannabis company headquartered in Mississauga, Ontario. The business was formerly known as The Green Organic Dutchman Holdings Ltd., commonly abbreviated as TGOD, and operated in Canada's regulated adult-use cannabis sector. Its earlier corporate identity emphasized organically produced cannabis and was associated with a large-scale cultivation and greenhouse development strategy. The company's major infrastructure project was an 820,000-square-foot greenhouse in Valleyfield, Quebec, designed to support large-scale cannabis production. Construction of the Valleyfield facility was completed in 2020, but the asset was later sold to Cannara Biotech in 2021 as the company sought to address obligations to creditors. TGOD's public-market history was notable in the Canadian cannabis sector. Its initial public offering on the Toronto Stock Exchange was completed on May 2, 2018, and raised more than CAD 115 million. The offering was described as the largest in the industry at that time. The listing gave the company access to public capital during the rapid expansion of Canada's legal cannabis market, but the business subsequently encountered financial pressure and changes in its corporate and trading position. In September 2021, its stock moved from the Toronto Stock Exchange to the Canadian Securities Exchange, reflecting a significant change in its public-market status. The company later adopted the BZAM name. The rebranded business remained connected to Canada's recreational cannabis industry, but its corporate position deteriorated. Trading in BZAM's securities was suspended by the Canadian Securities Exchange on May 8, 2024, pursuant to a cease trade order issued by the Ontario Securities Commission. The company was delisted from the CSE in 2024. These events mark the end of BZAM's documented period as a publicly traded Canadian cannabis issuer. Publicly available reference material identifies BZAM primarily as a corporate cannabis company rather than providing a complete current catalogue of consumer-facing products, brands, or retail operations. Accordingly, its best-documented business characteristics are its Canadian recreational-cannabis focus, its former TGOD identity, its large Valleyfield cultivation project, and its transition from a major 2018 public offering to financial restructuring pressure, trading suspension, and delisting. The company's present operating status, ownership, management, and product portfolio are not established by the supplied reference material.
History
BZAM's documented corporate history begins under the name The Green Organic Dutchman Holdings Ltd., or TGOD. The company was established as a participant in Canada's emerging legal cannabis industry, with a business model centered on recreational cannabis and the development of large-scale cultivation capacity. Its early identity placed particular emphasis on organically produced cannabis, at a time when Canadian cannabis companies were seeking to distinguish themselves through cultivation methods, product quality, and domestic production scale. A central part of the company's expansion plan was the construction of a greenhouse in Valleyfield, Quebec, on Boulevard Gérard-Cadieux. The facility was approximately 820,000 square feet, or about 76,000 square metres. Its planned scale made it one of the more prominent cannabis greenhouse projects in Canada. The site benefited from access to comparatively low-cost electricity associated with the nearby Beauharnois hydroelectric generating station. Reported electricity rates secured for the project were approximately four cents per kilowatt-hour. The facility was intended to provide substantial production capacity as Canada's regulated recreational cannabis market developed. TGOD reached a major capital-markets milestone on May 2, 2018, when it completed an initial public offering on the Toronto Stock Exchange. The offering raised more than CAD 115 million and was described as the largest cannabis-industry IPO at that time. The listing reflected the strong investor interest surrounding Canadian cannabis legalization and gave the company public financing for its cultivation and commercial ambitions. The scale of the offering and its greenhouse plans placed TGOD among the more visible Canadian cannabis issuers of the period. The Valleyfield greenhouse was completed in 2020. However, the company's financial position later weakened, and the asset did not remain under its ownership. In 2021, The Green Organic Dutchman sold the facility to Cannara Biotech for CAD 27 million. The sale was linked to the company's need to repay creditors and represented a reversal of the earlier strategy of maintaining a large proprietary cultivation footprint. It also illustrated the financial pressures faced by cannabis companies that had invested heavily in capacity during the sector's rapid expansion. The company subsequently changed its corporate identity to BZAM Ltd. and its public-market position changed as well. In September 2021, its stock moved from the Toronto Stock Exchange to the Canadian Securities Exchange. The move placed the issuer on a different Canadian trading venue during a period in which cannabis companies were facing difficult capital-market conditions and heightened scrutiny of their finances and operations. The company's publicly traded history ended in a regulatory and exchange-related crisis. On May 8, 2024, the Canadian Securities Exchange suspended trading in BZAM securities pursuant to a cease trade order from the Ontario Securities Commission. BZAM was delisted from the CSE later in 2024. The supplied reference material does not establish whether the underlying business continued operating after the delisting, nor does it identify a current owner, executive team, website, or complete consumer product catalogue. BZAM is therefore best described as a Canadian cannabis company with an unknown current operating status and a documented history of ambitious cultivation expansion, public financing, asset disposal, corporate rebranding, trading suspension, and delisting.
- 2024
Trading suspended and company delisted
[1]Trading in BZAM securities was suspended on May 8 under an Ontario Securities Commission cease trade order, and the company was delisted from the CSE later in the year.
- 2021
Valleyfield facility sold
[1]The greenhouse was sold to Cannara Biotech for CAD 27 million in connection with the company's need to repay creditors.
- 2021
Trading venue changed to the Canadian Securities Exchange
[1]The company's stock moved from the Toronto Stock Exchange to the Canadian Securities Exchange in September.
- 2020
Valleyfield greenhouse completed
[1]Construction was completed on the company's approximately 820,000-square-foot cannabis greenhouse in Valleyfield, Quebec.
- 2018
Initial public offering on the Toronto Stock Exchange
[1]The company, then operating as The Green Organic Dutchman Holdings Ltd., completed its TSX initial public offering on May 2, 2018, raising more than CAD 115 million.
Products and positioning
A Canadian recreational-cannabis company whose former TGOD identity was associated with organic cannabis production and large-scale cultivation infrastructure.
Adult-use cannabis
Recreational cannabis
BZAM operated as a Canadian recreational-cannabis company. The supplied reference material identifies its sector and cultivation strategy but does not provide a sufficiently detailed list of named consumer products, formats, or current brands.
Cannabis cultivation infrastructure · 2020
Valleyfield greenhouse
The Valleyfield greenhouse in Quebec was an approximately 820,000-square-foot cultivation facility developed by The Green Organic Dutchman. Construction was completed in 2020, but the property was sold to Cannara Biotech in 2021 for CAD 27 million.
Brand decisions
2024
Trading suspension and delistingOtherBackground
BZAM became subject to regulatory trading restrictions issued by the Ontario Securities Commission.
Action taken
The CSE suspended trading on May 8, 2024, pursuant to a cease trade order, and delisted BZAM during 2024.
Aftermath
The company ceased to be a listed CSE issuer. Its current operating and ownership status is not established by the supplied reference material.
2021
Sale of the Valleyfield greenhouseStrategyBackground
The company faced financial pressure and needed to repay creditors after developing a large cultivation facility.
Action taken
The Valleyfield greenhouse was sold to Cannara Biotech for CAD 27 million.
Aftermath
The sale removed the facility from the company's asset base and marked a retreat from its earlier large-scale proprietary cultivation strategy.
Sale price. CAD 27 million (2021)
2021
Transfer from the Toronto Stock Exchange to the Canadian Securities ExchangeStrategyBackground
The company operated under changing financial and corporate-market conditions after its earlier TSX listing.
Action taken
Its stock moved from the TSX to the CSE in September 2021.
Aftermath
The move placed BZAM on a different Canadian securities exchange before its eventual trading suspension and delisting in 2024.
2018
Public-market fundraising through a TSX initial public offeringOtherBackground
The company sought capital during the rapid expansion of Canada's regulated cannabis sector.
Action taken
It completed an initial public offering on the Toronto Stock Exchange on May 2, 2018.
Aftermath
The offering raised more than CAD 115 million and supported the company's expansion-era public profile.
IPO proceeds. More than CAD 115 million raised (May 2, 2018)
Recent events
TGOD announces Gayle Duncan's departure as CGO[2]
Reported:
The Green Organic Dutchman Holdings Ltd. announced that CGO Gayle Duncan would depart effective December 15, 2021.
TGOD appoints Rachel D'Silva as VP Sales – Galaxie[2]
Reported:
The Green Organic Dutchman Holdings Ltd. announced that Rachel D'Silva is joining its management team as VP Sales – Galaxie and will manage key accounts for TGOD and Cruuzy sales growth.
The Green Organic Dutchman appoints Sean Bovingdon CEO[3]
Reported:
The Green Organic Dutchman announced that its board appointed Sean Bovingdon as chief executive officer and a board member, effective immediately. He continued to serve as interim CFO while the company searched for a permanent CFO.
The Green Organic Dutchman reports fourth-quarter and full-year 2020 results[3]
Reported:
The Green Organic Dutchman reported fourth-quarter and fiscal-year 2020 results, including fourth-quarter revenue of $10.92 million and full-year revenue of $24.51 million. The company also reported a fourth-quarter net loss of $23.68 million.
The Green Organic Dutchman receives organic farming leadership award[4]
Reported:
The Green Organic Dutchman announced that it had received the Canada Organic Trade Association's Leadership in Organic Farming Award, recognizing leadership in advancing Canada's organic sector.
Sources4 sources
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