|The Green Organic Dutchman Holdings Ltd. (the “Company”) is pleased to announce that it has closed its previously announced non-brokered private placement on March 24th, which was upsized from C$10,000,000 to C$21,957,984 due to increased demand.
Additionally, a brokered private placement of C$6,392,583 was closed on April 19th with a syndicate co-led by Canaccord Genuity Corp. and GMP Securities L.P., which included PI Financial Corp.
“We are very pleased to close this financing which is anticipated to fully fund our 14,000KG phase 1 expansion. With industry-leading alliance partners and a 100-acre property, we are optimistic about what we can achieve in the next 12-18 months. Additionally, with a retail approach to this financing, we have added a significant amount of new shareholders, bringing our total to 2,400. This is a great feat for a private company, and I’m very proud of my team’s ability to execute on the business plan so early on in the Company’s life cycle.” Said Robert Anderson, CEO.