Cannabis-focused research and development company The Green
Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) this morning
announced that it has reached an arrangement regarding its investor rights
agreement with Aurora Cannabis Inc. (TSX: ACB) (OTCQB: ACBFF) to extend
Aurora’s exercise deadline of its first milestone option by six weeks. The
milestone option, which entitles Aurora to acquire an additional 8% of the
common shares of the company, will now expire on October 12, 2018. “The Aurora
partnership has been incredibly beneficial for both parties to date,” The Green
Organic Dutchman Holdings CEO Brian Athaide stated in the news release. “In
addition to the organic supply agreement, the value of Aurora’s initial
investment has increased nearly five-fold. In turn, the assistance provided by
the Aurora team has helped accelerate our progress across all divisions, and we
look forward to continuing our strategic partnership as we work towards
building the largest organic cannabis brand in the world.”
To view the full press release, visit http://ibn.fm/1wMRl
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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