The Green Organic Dutchman Growing Like a Weed Through Partnerships and New Agreements
On August 21st, the company announced it signed an agreement to acquire 100% of the issued and outstanding shares of privately-held HemPoland for $7.75M cash and 1,968,323 restricted TGODF shares currently worth $7.75M, which will be escrowed for a term of three years from closing.
Read more about the HemPoland deal along with the financial data here READ MORE
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The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGODF’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGODF has a funded capacity of 170,000 kg and is building 1,382,000 sq. Ft. of cultivation facilities in Ontario, Quebec, and Jamaica.
The Company has developed a strategic partnership with Aurora Cannabis Inc. (TSX:ACB) whereby Aurora has invested approximately C$78.1 million for an approximate 17.5% stake in TGODF. In addition, the Company has raised approximately C$350 million and had over 20,000 shareholders.
Get details about the Aurora partnership and the synergies created for TGODFREAD MORE
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SOURCE: Traders News Source
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