The Green Organic Dutchman Holdings was recently featured in an article by the Financial Post, highlighting the company’s plans to go public later this month.
As quoted in the article,
Mississauga-based TGOD filed an amended preliminary prospectus with securities regulators late Tuesday evening, announcing its plans to raise between $75 million and $100 million. It filed an initial prospectus in mid February, but withheld key financial information about the deal at the time.
The company — which is one of the largest privately held cannabis companies in Canada — will issue between 20.5 million and 27.4 million units, made up of a common share and a half-share purchase warrant, at $3.65.
With 159 million common shares already outstanding, the deal will value TGOD above $650-million, putting it within the Top 10 most valuable Canadian cannabis companies.
Shares are expected to start trading on the Toronto Stock Exchange in the last week of March, although TGOD hasn’t announced an exact date.