NetworkNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Provides Update on Spin-off Transaction; Subsidiary Intends to Complete Offering of Subscription Receipts
Cannabis-focused research and development company The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF) this morning provided an update on the spin-off transaction regarding its wholly-owned subsidiary, TGOD Acquisition Corporation ("SpinCo"). The distribution record date is expected to be on or about November 16, 2018, subject to execution of an arrangement agreement between the company and SpinCo and receipt of requisite corporate, regulatory and court approvals. Per the arrangement agreement, TGOD shareholders of record as of the distribution date will receive 0.15 of one SpinCo unit warrant for each TGOD share held. Each unit warrant will entitle the holder to…