Wednesday, May 2, 2018

The Green Organic Dutchman Ltd. (TSX: TGOD) Lists on the TSX Today

  • Shares of The Green Organic Dutchman commenced trading on the Toronto Stock Exchange today under the symbol “TGOD”
  • TGOD has raised approximately $270 million in private placements with over 5,000 shareholders, including a $55 million strategic investment from established marijuana industry leader Aurora Cannabis
  • TGOD has a funded capacity of 116,000 kg of premium organic cannabis
  • Canada slated to legalize adult use recreational cannabis in mid-2018
The Green Organic Dutchman Ltd. (TSX: TGOD) has successfully raised more than $270 million in private placements with over 5,000 shareholders. Through these efforts, TGOD is establishing one of the largest organic cannabis companies based on funded capacity. Its investors include Aurora Cannabis Inc. (OTCQX: ACBFF) (TSX: ACB), one of the most prominent companies in the marijuana industry, which allocated a total of $55 million through a strategic investment announced in mid-January. In a news release issued earlier today, TGOD announced that Aurora has exercised its full participation rights in the company’s IPO on a pro-rata basis, purchasing roughly 17.5 percent of the IPO issue for an additional investment of $23.1 million.
The latest investments are expected to be used to fund a 970,000 square foot expansion of TGOD’s production facilities in Ontario and Quebec. The newly expanded facilities will be capable of producing 116,000 kg of cannabis a year and are expected to come online in the fourth quarter of 2018 and second quarter of 2019, respectively. These investments and TGOD’s strategic partnership with Aurora will help drive the company’s expansion plans and goal of becoming the largest organic cannabis company in the world.
The company is differentiated by a number of unique characteristics that help promote sustainability and rapid growth in the sector. TGOD grows to scale, possesses complete logistical and infrastructural controls and boasts a world-class senior CPG management team. It has also partnered with the world’s second-largest power management company, Eaton Corp., and the second-largest construction management company, Ledcor Group.
By leveraging an organic, low-cost cannabis production process, TGOD has increased its margins. This is especially possible through its partnership with power management company Eaton Corporation (NYSE: ETN). Eaton’s part in the deal includes the provision of optimization and innovative research, providing TGOD with an opportunity to have some of the lowest electricity input costs in the field. Under its partnership with Ledcor, the construction management company will ensure an accelerated production schedule by using advanced multidisciplinary design/build processes and implementing scalable operational and project plans.
For more information, visit the company’s website at www.TGOD.ca
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