$TGODF Spin Off Provides Cannabis Investors with Ground Floor Opportunity
SEATTLE, July 25, 2018 — CFN Media Group (“CFN Media”), the leading agency and financial media network dedicated to the North American cannabis industry, announces publication of an article covering The Green Organic Dutchman Ltd.’s (TSX:TGOD) (OTCQX:TGODF) recently proposed spin off of a company focused on investments and acquisitions. TGOD raised more than C$115 million in an initial public offering at C$3.65 about three months ago. Since then, the stock soared to a high of C$7.87 before settling in the C$6.00 range over the past few weeks, netting investors a return of over 60 percent (assuming a sell price of $6) in less than six months. Investors that missed the original IPO may have another opportunity in the form of a planned spin off during the fourth quarter of this year.
Invest Alongside Management and Insiders in a Seed Round
The same team behind The Green Organic Dutchman’s successful IPO plans to create a new company, TGOD Acquisitions, that will be spun off as a special dividend providing TGOD shareholders the ability to purchase a Unit in TGOD Acquisitions for $0.50. Management believes that the new IPO presents investors with a unique opportunity to tap into TGOD’s significant expertise and participate at a seed level that’s typically reserved for management, employees, close friends and family.
“This is an incredible opportunity for TGOD to transfer expertise and monetize our proprietary knowledge from the Canadian marketplace,” said TGOD CEO Brian Athaide. “We will partner with innovative and disruptive companies that we can assist with capital market knowledge and unique retail-exclusive financing methods. The intention is to raise additional capital and list TGOD Acquisition on the Canadian Securities Exchange.”
The new company will focus on strategic acquisitions and worldwide opportunities that are not core to TGOD’s own business in Canada. With its listing on the Canadian Securities Exchange the new company will be permitted to participate in the United States cannabis industry, which is off-limits for companies that are listed on the Toronto Stock Exchange. It could also participate in other markets around the world, including growing European markets.
A Closer Look at the Transaction
The Green Organic Dutchman will distribute a warrant to acquire a TGOD Acquisitions unit for $0.50 to its shareholders. Each unit will consist of one share plus an additional warrant that will be triggered by a subsequent financing following the initial offering. The distribution will be paid on the basis of one warrant for every 6.67 TGOD shares owned on the record date, which will be fixed by the board of directors over the near-term.
The only way to increase exposure to TGOD Acquisitions is through an increased position in TGOD common shares prior to the record date, that has yet to be set.
TGOD and TGOD Acquisitions will enter into a repayable funding agreement whereby TGOD will provide C$25 million of working capital to TGOD Acquisitions that will be repayable by TGOD Acquisitions prior to the completion of any investment. In consideration, TGOD Acquisitions will issue a restricted warrant to purchase 50 million common shares for a period of 25 years from the date upon TGOD Acquisitions beings trading on the CSE.
Units that aren’t purchased by investors will be backstopped by TGOD management. Following the completion of the spin off, TGOD Acquisitions will operate at arm’s length to TGOD and will have an independent board of directors and management team. The details of the new board and management team will be announced with the filing of materials at a special meeting of TGOD shareholders to approve the transaction.
Watch a recent executive interview here.
TGOD VP of Investor Relations, Danny Brody, gives an overview of the company’s current position in the legal cannabis market as a certified organic producer. He also discusses the company’s ambitious international plans, and TGOD’s positioning in the emerging edibles and beverages space. Filmed at the O’Cannabiz Expo in Toronto, June 8, 2018.
Looking Ahead
The Green Organic Dutchman Ltd.’s (TSX:TGOD) plans to spin off TGOD Acquisitions could generate tremendous value for shareholders. Rather than expanding its own scope, the company is providing its shareholders with an opportunity to invest in an internationally-focused cannabis company that leverages the same intrinsic value. TGOD shareholders can then focus on a pureplay in the Canadian market.
For more information, visit the company’s website at www.tgod.ca.
Please follow the link to read the full article: http://www.cannabisfn.com/tgod-spin-off-provides-cannabis-investors-ground-floor-opportunity/
About CFN Media
CFN Media (CannabisFN) is the leading agency and financial media network dedicated to the global cannabis industry, helps companies operating in the space attract investors, capital, and publicity. Since 2013, private and public cannabis companies in the US and Canada have relied on CFN Media to grow and succeed.
Learn how to become a CFN Media client company, brand or entrepreneur: http://www.cannabisfn.com/featuredcompany
Download the CFN Media iOS mobile app to access the world of cannabis from the palm of your hand: https://itunes.apple.com/us/app/cannabisfn/id988009247?ls=1&mt=8
Or visit our homepage and enter your mobile number under the Apple App Store logo to receive a download link text on your iPhone: http://www.cannabisfn.com
Disclaimer
CannabisFN.com is not an independent financial investment advisor or broker-dealer. You should always consult with your own independent legal, tax, and/or investment professionals before making any investment decisions. The information provided on http://www.cannabisfn.com (the ‘Site’) is either original financial news or paid advertisements drafted by our in-house team or provided by an affiliate. CannabisFN.com, a financial news media and marketing firm enters into media buys or service agreements with the companies that are the subject of the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider. We make no warranty or representation about the information including its completeness, accuracy, truthfulness or reliability and we disclaim, expressly and implicitly, all warranties of any kind, including whether the Information is complete, accurate, truthful, or reliable. As such, your use of the information is at your own risk. Nor do we undertake any obligation to update the items posted. CannabisFN.com received compensation for producing and presenting high quality and sophisticated content on CannabisFN.com along with financial and corporate news.
The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: http://www.cannabisfn.com/legal-disclaimer/
CFN Media
Frank Lane
206-369-7050
flane@cannabisfn.com
TraderPower Featured Companies
Top Small Cap Market News
- $SOBR InvestorNewsBreaks – SOBR Safe Inc. (NASDAQ: SOBR) Closes on $8.2M Private Placement
- $CLNN InvestorNewsBreaks – Clene Inc. (NASDAQ: CLNN) Announces Participation at Two Upcoming Investor Conferences
- $ATBHF Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Releases Updated Report on Storm Copper Project Drilling Program
- $LGVN InvestorNewsBreaks – Longeveron Inc. (NASDAQ: LGVN) to Present at This Month’s Congenital Heart Surgeons’ Society Annual Meeting
- $LEXX InvestorNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Begins Subject Dosing in Human Pilot Study #3 Evaluating Oral DehydraTECH-Processed Tirzepatide
- $FSTTF InvestorNewsBreaks – First Tellurium Corp. (CSE: FTEL) (OTC: FSTTF) Shares Additional Information on the PyroDelta Thermoelectric Generator, Relationship with Subsidiary
- $TMET.V Gold Stutters as Strong US Jobs Data Dampens Expectations of Large Rate Cuts
- $RFLXF JPMorgan Executive Says US Backlash Against ESG Is Exaggerated
- $SFWJ InvestorNewsBreaks – Software Effective Solutions Corp. (d/b/a MedCana) (SFWJ) Releases Report on Series of Acquisitions, Multiple Cannabis Licenses
- $EAWD IEA Hosts G20 Ministers, Influential Personalities to Discuss Clean and Affordable Energy Transition
Recent Posts
- $EAWD IEA Hosts G20 Ministers, Influential Personalities to Discuss Clean and Affordable Energy Transition
- $SFWJ InvestorNewsBreaks – Software Effective Solutions Corp. (d/b/a MedCana) (SFWJ) Releases Report on Series of Acquisitions, Multiple Cannabis Licenses
- $RFLXF JPMorgan Executive Says US Backlash Against ESG Is Exaggerated
- $TMET.V Gold Stutters as Strong US Jobs Data Dampens Expectations of Large Rate Cuts
- $FSTTF InvestorNewsBreaks – First Tellurium Corp. (CSE: FTEL) (OTC: FSTTF) Shares Additional Information on the PyroDelta Thermoelectric Generator, Relationship with Subsidiary
- $LEXX InvestorNewsBreaks – Lexaria Bioscience Corp. (NASDAQ: LEXX) Begins Subject Dosing in Human Pilot Study #3 Evaluating Oral DehydraTECH-Processed Tirzepatide
- $LGVN InvestorNewsBreaks – Longeveron Inc. (NASDAQ: LGVN) to Present at This Month’s Congenital Heart Surgeons’ Society Annual Meeting
- $ATBHF Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Releases Updated Report on Storm Copper Project Drilling Program
Recent Comments
Archives
- October 2024
- January 2023
- June 2022
- December 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- November 2019
- October 2019
- September 2019
- August 2019
- July 2019
- June 2019
- May 2019
- April 2019
- March 2019
- February 2019
- January 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- August 2016
- July 2016
- June 2016
- May 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009