TGOD closes approximately C$5.75 million bought deal offering
On April 27, 2020, The Green Organic Dutchman Holdings Ltd. ("TGOD") announced that it closed its previously announced short form prospectus offering. A total of 20,536,700 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$0.28 for aggregate gross proceeds of approximately C$5.75 million. Each unit is comprised of one common share and three-quarters of one common share purchase warrant. Each unit is comprised of one common share and one-half of one common share purchase warrant.
The offering was conducted by Canaccord Genuity Corp.
TGOD will use the proceeds of the offering to develop and launch key product lines including a mainstream-priced organic cannabis flower brand and a line of whole leaf organic cannabis teas, and for general corporate purposes.
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.