The Green Organic Dutchman Holdings Ltd. (“TGOD”) earlier this week announced a $20 million private placement with a syndicate led by PI Financial Corp., priced at C$1.65 per unit. Shares will have a six-month hold period from the day of the company’s initial public offering (IPO), which is anticipated in January of 2018. The medicinal cannabis producer said it plans to use the net proceeds to advance its facilities in Ontario and Quebec, as well as for working capital purposes.
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About The Green Organic Dutchman Ltd.
The Green Organic Dutchman Ltd. grows high quality, organically grown, pesticide-free medical cannabis in small batches using craft growing, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. The Green Organic Dutchman Ltd. is licensed under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) to cultivate medical cannabis. The Green Organic Dutchman Ltd. carries out its principal activities producing cannabis from its facilities in Hamilton, Ontario, pursuant to the provisions of the ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations. For more information, visit www.tgod.ca
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