InvestInMJ Admin

Admin at Invest In MJ, we post relevant blogs, news releases and information about the legal Marijuana Industry.

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that have been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Team Blogs
    Team Blogs Find your favorite team blogs here.
  • Archives
    Archives Contains a list of blog posts that were created previously.
  • Login
    Login Login form

THE GREEN ORGANIC DUTCHMAN STARTS TRADING MAY 2 ON THE TSX

  • Font size: Larger Smaller
  • Subscribe to this entry
  • Print
  • Report this post

We wanted to take a quick minute and let you know that one of the Canadian Licensed producers we introduced to subscribers in the past will be going public on March 2, 2018.  See press release info below.

TGODlogo

The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) is pleased to announce that its common shares as well as the common share purchase warrants it issued pursuant to a warrant indenture dated November 1, 2017 (the “November Warrants”) will begin trading under the trading symbol “TGOD” and “TGOD.WT”, respectively, on the Toronto Stock Exchange (“TSX”) at market open on May 2, 2018.

The TSX previously provided approval to list the common shares and the November Warrants on the TSX. Detailed information about the listing is available in the Company’s amended and restated final long form prospectus dated April 20, 2018, which is available under TGOD’s profile on SEDAR (www.sedar.com).

We think the company has tremendous potential given the fact they have raised approximately $270 million dollars and already has 5,000 shareholders.  Below are some links to the company investor information center and a recent article written about the IPO.  The IPO raise they did was oversubscribed and they sold 31,510,000 Units for gross proceeds of $115,011,500 (the “Offering”) at a price of $3.65 per Unit.

https://www.equities.com/news/tgods-ipo-and-share-structure-emphasizes-long-term-opportunity-in-burgeoning-cannabis-sector

https://tgod.ca/investor-centre/

https://tgod.ca/wp-content/uploads/2018/03/TGOD-March-Prospectus-1.pdf

Highlights:

* Fully funded domestic operation from raising $160 million privately.
* Oversubscribed IPO financing for $135 million
* Post IPO cash position of $260 million
* 970,000 sq. ft. expansion underway across Ontario and Quebec, expected to produce 116,000 kg's annually
* Completely organic product and process leads to increased margins from higher sale price
* High quality, low cost model
* Proven management team specific to finance, consumer packaged goods, consumer products, brand building, international markets, and the cannabis industry.
* Strategic Investor Aurora Cannabis for $55m + $20m in IPO round = $75m
* 20% wholesale agreement with Aurora Cannabis
* Building four purpose built R&D laboratories to generate diverse product offerings, IP, and support clinical studies on cannabis
* Industry leading construction and design partners incl. Eaton corp, Ledcor group, Hamiltion utility corp, and Aurora Larssen Projects Inc.
* 5,000+ retail shareholders

A trading strategy you may want to consider is to buy the shares at the open and sell a few days later.  For longer-term investors, you can take a position now or a few weeks from now once the stock price settles into a trading range. Longer term, we believe this is a licensed producer stock worth holding. 

Visit the TGOD directory listing on Invest In MJ for more details and stock charts.

Please conduct your own due diligence before making an investment decision and consult your financial advisor.  I am already a shareholder in TGOD and have participated in the IPO round.

Regards
Vin Maru,
Editor at Invest In MJ

 

Rate this blog entry:
0

Comments

Leave your comment

Guest Sunday, 23 September 2018

Select Your Language

enzh-CNnlfrdehies