The Green Organic Dutchman Boosts Financing to $160 Million with Strategic Investment by Aurora Cannabis
The Green Organic Dutchman Holdings Ltd., also known as TGOD, recently announced the closing of $112 million in private placement financing, including a strategic investment by marijuana industry powerhouse Aurora Cannabis Inc. (OTCQX: ACBFF) (TSX: ACB) of $55 million. TGOD issued 67,878,788 units at a price of $1.65 per unit. Each unit included one common share of the company and a half common share purchase warrant that can be converted to a full share at the exercise price of $3 each during the next three years. The investment fully funds the expansion of TGOD’s combined 970,000 square-foot ultra-high technology greenhouse…