The Green Organic Dutchman increases financing to $36 million due to retail demand
Ontario, Canada-based medical cannabis producer The Green Organic Dutchman
(TGOD) announced a further increase to its non-brokered offering of an additional
3,636,050 units at $1.65 each. This means its entire brokered and non-brokered offering
will raise over $36 million.
Each unit consists of one common share and one-half share purchase warrant
exercisable at $3.00 within 3 years.
The company will provide an offering memorandum which “allows non-accredited retail
investors the unique opportunity to become shareholders of our company before our Initial Public Offering ” said Danny Brody, VP of Investor Relations.
TGOD has funded capacity of 14,000 kg per year on 175 acres of land in Ontario and
Quebec. It has one of the largest land packages and lowest power rates in the industry.
To date the company has raised $41.5 million and has 2,400 shareholders.
Source: The Green Organic Dutchman
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