TGOD closes approximately C$12.75 million bought deal offering
On October 23, 2020, The Green Organic Dutchman Holdings Ltd. ("TGOD") announced that it closed its previously announced short form prospectus offering. A total of 53,263,400 units, including the full exercise of the underwriter's over-allotment option, were issued on a bought deal basis at a price per unit of C$0.24 for aggregate gross proceeds of approximately C$12.75 million. Each unit is comprised of one common share and three-quarters of one common share purchase warrant.
The offering was conducted by Canaccord Genuity Corp.
TGOD will use the proceeds of the offering to repay indebtedness previously incurred in the construction of its facilities in Ancaster, Ontario and Valleyfield, Quebec, and other payables.
Further information can be found on Canada Newswire's website.
The Green Organic Dutchman Holdings is a premium certified organically grown cannabis company focused on the health and wellness market. Its organic cannabis is cultivated in living soil, as nature intended.