Cannabis-focused research and development company The Green
Organic Dutchman Holdings (TSX: TGOD) (OTC: TGODF) this morning issued an
update regarding its previously announced spinout transaction. The company will
distribute a warrant in the new corporation, TGOD Acquisitions, to TGOD
shareholders. Each warrant permits the holder to purchase a unit of TGOD
Acquisitions at a price of $0.50 for a period of 30 days from completion of the
spinout. Each unit is comprised of one common share and one additional warrant
of TGOD Acquisitions. The record date for distribution of the warrants is
anticipated to be on or about September 28, 2018. All TGOD shareholders of
record will receive a notice from the company’s transfer agent, Computershare
Investor Services Inc., with instructions on how to acquire the warrants they
are entitled to. The spinout transaction requires approval by a two-thirds
majority vote by TGOD shareholders, which will be held at a special meeting
expected to take place in September 2018.
To view the full press release, visit http://ibn.fm/nluSS
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 of cultivation
facilities in Ontario and 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$315 million dollars 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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