The Green Organic Dutchman Holdings Ltd. Announces $20M Private Placement as Company Moves toward Expansion

 

  • Company has, to date, raised $41.5 million and has more than 2,400 shareholders
  • Has one of the largest licensed land parcels in Canada, situated on 100 acres
  • Offers organically grown, pesticide-free medical marijuana under Canada’s ACMPR

The Green Organic Dutchman Holdings Ltd. (“TGOD”), a Canadian company engaged in producing farm-grown, high-quality organic medical cannabis using craft growing, all natural, organic principles, announced on September 11 (http://cnw.fm/jHbs0) that it has entered into an agreement with a syndicate led by PI Financial Corp. to complete a private placement offering of units. The syndicate will offer, on a commercially reasonable effort basis, 4,242,500 units of the company at an issue price of C$1.65 per unit for aggregate gross proceeds of C$7,000,125.

TGOD will also concurrently engage in a non-brokered offering of 7,879,000 units, with each unit being offered at C$1.65 for aggregate gross proceeds of…

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