The
Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading
producer of premium certified organic cannabis, today announced its entry into
signed arrangements for up to $103 million in funding. According to the update,
the financing package consists of three elements: a definitive agreement for a
sale-leaseback of the Ancaster Energy Centre; a construction mortgage loan term
sheet; and a convertible equity note term sheet. “Our ability to raise capital,
despite recent headwinds affecting the entire sector, is a clear show of
confidence from our financial partners,” TGODF CEO Brian Athaide said in the
news release. “It is reflective of the value of our significant assets, the
trust investors are putting into TGODF’s strong corporate governance,
transparency and accountability, and the opportunity for the company’s unique
positioning to quickly capture and grow the organic segment.”
To view the full press release, visit http://ibn.fm/bJUVv
About The Green Organic Dutchman Holdings Ltd.
The Green Organic Dutchman Holdings Ltd. (TSX: TGOD)
(US-OTC: TGODF) is a premium, global, organic-cannabis company focused on the
health and wellness market. Its certified-organic cannabis is grown in living
soil, as nature intended. The company is committed to cultivating a better
tomorrow by producing its products responsibly, with less waste and impact on
the environment. Its two Canadian facilities are built to LEED certification
standards and its products are sold in recyclable packaging. In Canada, TGOD
plans to expand its product portfolio by launching a series of next-generation
cannabis products such as organic teas, infusers and vapes. Through its
European subsidiary, HemPoland, the company also distributes premium hemp CBD
oil in Europe. By leveraging science and technology, TGOD harnesses the power
of nature from seed to sale. 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
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