The Green Organic Dutchman (or “TGOD”) announced on April 26th that it will be raising the Initial Public Offering (IPO) units, previously announced on March 29th, to $115,011,500.
The price on their IPO announced on March 29th was $102,200,000.
The company’s first announcement in March had the company offering $102,200,000 through the 28,000,000 Units with each Unit being priced at $3.65. This price raise is an increase of $12,811,500 million to the original offering. The price per Unit is unchanged at $3.65, but the maximum amount of Units offered has increased by 3.51 million.
This change to the IPO price is due to the increased demand by investors.
Aurora Cannabis Inc. (ACB) chose to participate in this IPO on a pro-rata basis.