NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. Secures Financing Boost for Cannabis Facilities Expansion

Company: The Green Organic Dutchman Holdings Ltd. (TGOD)
Category: Stock Spotlights

Ultra-low cost organic cannabis producer The Green Organic Dutchman Holdings Ltd., also known as TGOD, has benefited from strategic investments by marijuana industry powerhouse Aurora Cannabis Inc. (OTCQX: ACBFF) (TSX: ACB) and other private placement financing, with its total financing climbing to $160 million. The Aurora investment in TGOD is accompanied by a supply agreement providing Aurora the right to purchase up to 20 percent of TGOD’s annual production of organic cannabis, and TGOD will receive additional services from Aurora and its subsidiary, Aurora Larssen Projects Inc. (“ALPS”). An article discussing this reads: “The investment fully funds the expansion of TGOD’s combined 970,000 square-foot ultra-high technology greenhouse facilities in Ontario and Quebec, Canada. TGOD’s expansion and strategic partnership with Aurora positions the company to be one of the largest and most technologically advanced cannabis production facilities in the world and sets the foundation for its highly anticipated 2018 IPO.”

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About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman grows high quality, organically grown, pesticide-free medical cannabis in small batches using craft growing, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. The Green Organic Dutchman is licensed under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) to cultivate medical cannabis. The Green Organic Dutchman carries out its principal activities producing cannabis from its facilities in Hamilton, Ontario, pursuant to the provision of the ACMPR and the Controlled Drugs and Substances Act (Canada). For more information, visit www.tgod.ca

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