- TGOD
cited by The Motley Fool for its alternative products,
particularly its focus on cannabis-infused beverages and its possible role
as a partner for a brand name producer
- The
company also named high profile American investor and TV personality Tim
Seymour to its advisory board; it says Seymour will offer advice on global
finance strategies
- TGOD
updated its transaction regarding the spinoff of its wholly owned
subsidiary, TGOD Acquisition Corporation (“SpinCo”), and announced a
private placement of up to $10 million
The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX:
TGODF) has attained a higher profile by adding well known investor and TV
strategist Tim Seymour to its advisory board. TGOD was also highlighted by
site The Motley Fool for its focus on alternative products.
TGOD also described a private placement that would have gross receipts of up to
$10 million.
Tim Seymour is a well-known television personality with more
than 22 years as a capital markets professional. He appears on CNBC’s “Fast
Money” and is seen as “invaluable” to the TGOD as it builds its organic
cannabis brand, according to CEO Brian Athaide (http://ibn.fm/CwH7Y).
TGOD also announced a private placement that would generate
up to $10 million in gross receipts in connection with its spinoff of its
SpinCo subsidiary. The non-brokered private placement would offer up to 20
million subscription receipts at a price of $0.50 apiece (http://ibn.fm/9LKck). The
transaction is subject to regulatory and court approval.
The Motley Fool website highlighted TGOD as one
of five emerging growers in the Canadian cannabis industry (http://ibn.fm/evWWD). It also
conjectured about TGOD’s role as a possible future partner in the beverage
industry:
“The Green Organic Dutchman, which was one of the largest
pot-based initial public offerings ever earlier this year, is currently
expected to be the fourth-largest producer when at peak capacity. Management
has suggested that the company can deliver 195,000 kilograms per year. But it’s
not gross yield that allows The Green Organic Dutchman to stand out. Instead,
it’s the company’s focus on alternative products.”
“Amid a flurry of press releases in June, TGOD, as the
company is also known, announced that it was going to construct a
287,245-square-foot facility on its 72.4-acre Valleyfield property that would
be devoted to beverage and edible production. TGOD’s focus on cannabis-infused
beverages is of particular interest given how eager beverage companies have
been to spark their own growth by entering the marijuana space. In August,
Molson Coors Brewing formed a joint venture with HEXO Corp., while
Constellation Brands announced a $3.8 billion equity investment into Canopy
Growth. It’s clear that brand-name beverage companies have interest in
partnering with the cannabis industry, and TGOD could be a logical partner with
its foray into beverages.”
“As noted above, be aware that TGOD’s beverage and edible
production will be at the mercy of Parliament and its ability to expand what
consumables are legal.”
For more information, visit the company’s website at www.TGOD.ca
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