Cannabis-focused research and development company The Green
Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) this morning
announced the filing of its financial and operational results for the second
quarter of fiscal 2018 ended June 30, 2018. Among the highlights, the company
successfully completed a record-breaking initial public offering on the Toronto
Stock Exchange, raising gross proceeds of $132 million; expanded its
shareholder base from 4,000 to over 20,000; and continued to make strong
progress on the construction of its facilities in Ancaster, Ontario, and
Valleyfield, Quebec. “We are pleased with the accomplishments we have made in
such a short period of time. We have invested heavily in building the
foundation to drive our Company forward at an unparalleled pace,” Brian
Athaide, CEO of TGOD, stated in the news release. “Construction is on schedule
across all jurisdictions and we continue to aggressively build our medical and
adult-use brand. TGOD is investing heavily in consumer research, R&D and
simultaneously building both the capability and systems needed to rapidly scale
as we prepare for the adult-use market.”
To view the full press release, visit http://ibn.fm/U9cBT
About The Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. is a research &
development company licensed under the Access to Cannabis for Medical Purposes
Regulations (“ACMPR”) to cultivate medical cannabis. The Company carries out
its principal activities producing cannabis from its facilities in Ancaster,
Ont., pursuant to the provisions of the ACMPR and the Controlled Drugs and
Substances Act (Canada) and its regulations. The Company grows high quality,
organic cannabis with sustainable, all-natural principles. TGOD’s products are
laboratory tested to ensure patients have access to a standardized, safe and
consistent product. TGOD has a funded capacity of 170,000 kg and is building
1,382,000 sq. ft. of cultivation facilities in Ontario, Quebec and Jamaica. The
Company has developed a strategic partnership with Aurora Cannabis Inc. (TSX:
ACB) whereby Aurora has invested approximately C$78.1 million for an
approximate 17.5% stake in TGOD. In addition, the Company has raised
approximately C$350 million and has over 20,000 shareholders. TGOD’s Common
Shares and warrants issued under the indenture dated November 1, 2017 trade on
the TSX under the symbol “TGOD” and “TGOD.WT”, respectively. For more
information, visit the company’s website at www.TGOD.ca
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