The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) Completes Successful IPO

May 2, 2018 14:52:33
  • Company completes IPO for total gross proceeds of more than $115 million
  • Common shares, as well as common share purchase warrants, commenced trading on the Toronto Stock Exchange today
  • Aurora Cannabis exercised full participation right for IPO on a pro-rata basis

The Green Organic Dutchman Holdings Ltd. (TSX: TGOD), a research and development company licensed under Canada’s Access to Cannabis for Medical Purposes Regulations (ACMPR) to cultivate medical cannabis, this morning announced the completion of its initial public offering and commenced trading on the Toronto Stock Exchange. The company’s IPO consisted of 31.51 million units priced at $3.65 per unit, generating gross proceeds of more than $115 million.

Aurora Cannabis Inc. (TSX: ACB) (OTCQX: ACBFF), a fellow ACMPR licensed producer and established leader in Canada’s burgeoning cannabis space, accounted for roughly 17.5 percent of the IPO issue, investing $23.1 million in exchange for 6.3 million units and exercising its full participation right on a pro-rata basis. This investment comes just months after Aurora announced the completion of a…


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