Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) today
commented on the recent transaction between Aurora Cannabis (TSX: ACB) and a
syndicate of Canadian banks. Per the update, the block trade was executed on
September 3 after market close and resulted in the exchange of a total of 28.8
million shares, each at a negotiated price of $3.00. The Edmonton-based company
continues to retain a large number of TGOD warrants equivalent to approximately
5% of its fully diluted shares, and the transaction significantly improves
TGOD’s revenue and gross margin mix due to the repatriation of TGOD’s premium
organic cannabis previously earmarked for Aurora under an agreement between the
parties. “Aurora has been an excellent partner during TGOD’s initial
development phase; their investment played an important role in our success.
The relationship added significant value across multiple areas of the business,
including the initial design and construction of our Canadian facilities,” TGOD
CEO Brian Athaide said in the news release. “This is the right next step in the
relationship as both companies mature and our respective strategies evolve. It
also improves TGOD’s revenue and margin potential on the sale of our premium
organic cannabis.”
To view the full press release, visit http://ibn.fm/m7SGQ
About the Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman 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. TGOD also has organic-hemp CBD oil operations in
Canada and through its wholly owned subsidiary HemPoland, which distributes
premium-hemp CBD oil in the EU. 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 planned capacity of 219,000 kgs and is building
1,643,600 square feet of cultivation and processing facilities across Ontario,
Quebec, Jamaica and Denmark. For more information, visit the company’s website
at www.TGOD.ca.
NOTE TO INVESTORS: The latest news and updates
relating to TGODF are available in the company’s newsroom at http://ibn.fm/TGODF
About MissionIRNewsBreaks
MissionIRNewsBreaks provide
a rapid summary of corporate news that catch the attention of MissionIR. MissionIRNewsBreaks are created by
our Team of professional journalists that keep a constant eye on the markets,
these posts are designed to inform you on the latest happenings of our clients
and other publicly traded companies on our radar. From earnings, acquisitions
and agreements to conference attendance and clinical study results, our news
breaks keep you up-to-date with the day’s top movers. MissionIR is primarily
focused on strategic communications. We have executed countless communications
programs to address the needs of companies ranging from start-ups to
established industry leaders, gaining valuable experience and the expertise
necessary to determine the most effective strategy for any given situation.
Please see full terms of use and disclaimers on the Mission
Investor Relations website applicable to all content provided by MIR, wherever
published or re-published: http://www.missionir.com/disclaimer.html
