- Shares of The Green Organic Dutchman commenced trading on the Toronto Stock Exchange today under the symbol “TGOD”
- TGOD has raised approximately $270 million in private placements with over 5,000 shareholders, including a $55 million strategic investment from established marijuana industry leader Aurora Cannabis
- TGOD has a funded capacity of 116,000 kg of premium organic cannabis
- Canada slated to legalize adult use recreational cannabis in mid-2018
The Green Organic Dutchman Ltd. (TSX: TGOD) has successfully raised more than $270 million in private placements with over 5,000 shareholders. Through these efforts, TGOD is establishing one of the largest organic cannabis companies based on funded capacity. Its investors include Aurora Cannabis Inc. (OTCQX: ACBFF) (TSX: ACB), one of the most prominent companies in the marijuana industry, which allocated a total of $55 million through a strategic investment announced in mid-January. In a news release issued earlier today, TGOD announced that Aurora has exercised its full participation rights in the company’s IPO on a pro-rata basis, purchasing roughly 17.5 percent of the IPO issue for an additional investment of $23.1 million.
The latest investments are expected to be used to fund a 970,000 square foot expansion of TGOD’s production facilities in Ontario and Quebec. The newly expanded facilities will be capable of producing 116,000 kg of cannabis a year and are expected to come online in the…
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