- TGOD’s ability to secure significant capital reflects its establishment in industry and strong governance foundation
- The financing plan involved several components, including a sale-leaseback of Ancaster Energy Centre, a $40 million construction mortgage loan with an investment fund, and a $30 million convertible note.
- Company plans for utilization of capital include completing construction of its various facilities and achieving national product distribution
The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified organic cannabis, recently signed agreements for increased funding amounting to up to $103 million. The company’s ability to secure capital at a time when cannabis companies are weathering the winds of a somewhat tempestuous market indicates investors’ faith in TGOD’s sound business practices, significant assets, and strong governance policies. TGOD is uniquely positioned in the industry as one of the only certified-organic cannabis companies, which when coupled with its recent funding acquisition shows its potential for strong growth in the cannabis sector.
The company’s diverse financing package consists of three pieces…
NOTE TO INVESTORS: The latest news and updates relating to TGODF are available in the company’s newsroom at http://cnw.fm/TGODF
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