NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) Announces Spinoff Transaction
Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTC: TGODF) this morning announced that it intends to complete a spinoff transaction resulting in a new corporation that will be engaged in the acquisition and development of worldwide opportunities. Following consultations with numerous financial institutions, TGOD Acquisitions plans to execute a series of staged financings and acquisitions. The company intends to complete the spinoff through plan of arrangement, pursuant to which TGOD will distribute a dividend consisting of a warrant in the new corporation to shareholders. The company will distribute a warrant to acquire a TGOD Acquisitions…