Cannabis-focused research and development company The Green
Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) together with its
wholly-owned subsidiary, TGOD Acquisition Corporation (“SpinCo”), today
announced receipt of approval from the Ontario Superior Court of Justice for
the previously announced plan of arrangement. Under the terms and conditions of
the arrangement agreement between TGOD and SpinCo, TGOD will distribute to TGOD
shareholders unit purchase warrants of SpinCo. The TGOD board of directors has
established January 31, 2019 as the record date for the distribution and,
pursuant to the agreement, at which time each TGOD shareholder of record who
confirms they are not a U.S. shareholder and elects to receive SpinCo unit
warrants will receive 0.15 of one SpinCo unit warrant for each TGOD share held.
In accordance with the terms and conditions of a warrant indenture to be
entered into by TGOD and SpinCo, each SpinCo unit warrant will entitle the
holder to purchase one SpinCo unit upon (i) the holder tendering the exercise
price of $0.50 per SpinCo unit to SpinCo within 30 days following the effective
date of the arrangement and (ii) SpinCo obtaining a receipt for a final
prospectus qualifying the distribution of the SpinCo units within 60 days
following the effective date, failing which the holder will be entitled to a
return of the exercise price tendered for such SpinCo units.
To view the full press release, visit http://ibn.fm/sZxns
About The Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. is a publicly
traded, premium global organic cannabis company, with operations focused on
medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as
well as the Canadian adult-use market. 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 170,000kgs and is building
1,382,000 sq. ft. of cultivation facilities across Ontario, Quebec and Jamaica.
For more information, visit the company’s website at www.TGOD.ca.
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