TGODF - The Green Organic Dutchman Holdings Ltd.
| Previous Close | 0.6180 |
| Open | 0.6300 |
| Bid | 0.0000 x 0 |
| Ask | 0.0000 x 0 |
| Day's Range | 0.6190 - 0.6605 |
| 52 Week Range | 0.4690 - 4.3800 |
| Volume | 878,066 |
| Avg. Volume | 1,337,398 |
| Market Cap | 174M |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.1270 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
CNW GroupThe Green Organic Dutchman Announces a $41.7 Million Senior Secured Credit Facility
TORONTO , Dec. 13, 2019 /CNW/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TGOD.TO) (TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that the Company has entered into a binding term sheet with Maynbridge Capital Inc. (the "Lender"), subject to satisfactory documentation and the fulfilment of all conditions precedent, for a senior secured first lien credit facility of up to $41.7 million (the "Facility"). The Facility will replace the proposed mortgage loan as well as the sale and leaseback of its Ancaster Energy Centre, which are no longer being pursued by the Company at this time.
- CNW Group
The Green Organic Dutchman Announces an Increase to the Previously Announced Bought Deal Financing
TORONTO , Dec. 2, 2019 /CNW/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TGOD.TO) (TGODF), is pleased to announce that it has entered into an amending agreement with Canaccord Genuity Corp. (the "Underwriter") to increase the size of its previously announced bought deal financing. Pursuant to the revised terms of the offering, the Underwriter has agreed to purchase, on a bought deal basis, an aggregate of 32,000,000 units (the "Units") at a price of C$0.75 per Unit (the "Offering Price") for aggregate gross proceeds to TGOD of $24,000,000 (the "Offering"). Each Unit will consist of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole Common Share purchase warrant, a "Warrant").
- MarketWatch
Cannabis stocks rocked as FDA warning undermines case for CBD investments
Cannabis stocks were slammed anew on Tuesday, after the U.S. Food and Drug Administration issued new guidance on CBD that included a stark warning that it can cause liver injury and other damage to the human body.
- Benzinga
The Green Organic Dutchman Announces $16.5M Bought Deal Offering, Stock Falls
Canadian organic cannabis producer The Green Organic Dutchman (TSX: TGOD) (OTC: TGODF) announced Tuesday that it has signed a bought deal agreement with a syndicate of underwriters led by Canaccord Genuity. The agreement dictates that the underwriters will buy an aggregate of 29,334,000 units at a price of CA$0.75 (55 cents) per unit, amounting to a total of approximately CA$22 million. Each unit will consist of one common share and one-half of one share purchase warrant of TGOD stock.
- CNW Group
The Green Organic Dutchman Announces $22.0 Million Bought Deal Public Offering Plus Over-Allotment Option
TORONTO , Nov. 26, 2019 /CNW/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TGOD.TO) (TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that it has entered into an agreement with a syndicate of underwriters led by Canaccord Genuity Corp. (the "Underwriters") pursuant to which the Underwriters have agreed to purchase, on a bought deal basis pursuant to the filing of a short form prospectus, an aggregate of 29,334,000 units (the "Units") at a price of $0.75 per Unit (the "Offering Price") for aggregate gross proceeds to the Company of approximately C$22.0 million (the "Offering"). Each Unit shall consist of one common share (each a "Common Share") and one-half of one common share purchase warrant of the Company (each whole such warrant, a "Warrant").
- PR Newswire
TGOD Bolsters Canadian Distribution and Initiates Cultivation at Valleyfield Hybrid Greenhouse
The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TSX: TGOD) (US: TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that it has received its inaugural purchase order from the BC Liquor Distribution Branch ("BCLDB"), further expanding its Canadian distribution footprint. The Company also obtained a licence amendment from Health Canada, allowing it to launch cultivation operations at its flagship Valleyfield hybrid greenhouse.
- CNW Group
The Green Organic Dutchman Expands Canadian Distribution
TORONTO , Nov. 19, 2019 /CNW/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TGOD.TO) (TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that it has received orders from Alberta , Manitoba and Nova Scotia to be shipped this month, significantly expanding its Canadian distribution footprint. The Company is also launching two new strains in Ontario as well as the world's first organic cannabis certification program for budtenders.
- Market Exclusive
Cannabis Stock News Roundup November 15
The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US: TGODF) reported its financial and operational results for the three and nine months ended September 30, 2019. The company experienced a loss of C$20.1 million for the third quarter. The important move TGOD made in the quarter was entering the recreational market with a small pilot in Ontario. […]The post Cannabis Stock News Roundup November 15 appeared first on Market Exclusive.
- PR Newswire
The Green Organic Dutchman Reports Q3 2019 Results
TORONTO, Nov. 14, 2019 /PRNewswire/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TGOD.TO) (TGODF) is pleased to report its financial and operational results for the three and nine months ended September 30, 2019. Continued construction of its Ancaster and Valleyfield facilities, investing $104 million in capital expenditures during the quarter. Valleyfield Phase 1 consists of six zones and its production will be shipped to Ancaster for processing.
- Benzinga
Green Organic Dutchman Announces $77M Funding Package
The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) announced Thursday it has signed arrangements for up to CA$103 million ($77.6 million) in funding that consists of a sale-leaseback agreement for the Ancaster Energy Centre, a convertible equity note term sheet and a construction mortgage loan term sheet. The sale-leaseback agreement for the Ancaster Energy Centre will generate proceeds of CA$23 million, the company said. The company also signed a term sheet with an investment fund for a $30-milion note with a 5% coupon, convertible into shares of The Green Organic Dutchman.
- MarketWatch
Green Organic Dutchman secures financing for up to C$103 million
Canadian cannabis company The Green Organic Dutchman Holdings Ltd. said Thursday it has signed agreements that give it up to C$103 million ($77.6 million) in financing. The news comes after the Toronto-based company said in October it would cut costs and adopt a plan to reduce its financing needs as it grapples with a smaller-than-expected Canadian market. The company been working to find alternative financing to raise the funds needed to complete construction of some of its facilities, after the financing on offer was prohibitively expensive. Green Organic Dutchman now says it has a financing package composed of a sale-leaseback of its Ancaster Energy Centre; a construction mortgage loan term sheet; and a convertible equity term sheet. The 10-year sale-leaseback arrangement has given the company proceeds of C$23 million. The mortgage loan term sheet is for C$40 million and is secured by the Ancaster facility along with Valleyfield. The convertible term sheet is for $30 million U.S. dollars and has a 5% coupon. The company will use the funds to complete construction of the processing facility at Ancaster and to complete construction of six zones in its Valleyfield hybrid greenhouse. U.S.-listed shares were not yet active premarket, but have fallen 61% in 2019, while the ETFMG Alternative Harvest ETF has fallen 28% and the S&P 500 has gained 23%.
- PR Newswire
The Green Organic Dutchman Signs Arrangements for Up to $103 Million in Funding
TORONTO, Nov. 14, 2019 /PRNewswire/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TGOD.TO) (TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that it has signed arrangements for up to $103 million in funding. The financing package consists of three elements: a definitive agreement for a sale-leaseback of the Ancaster Energy Centre; a construction mortgage loan term sheet; and a convertible equity note term sheet.
- Yahoo Finance
CBD beverage founder: 'I want to be regulated'
Not nearly enough legislative ink has been spilled over the booming CBD industry, according to Benjamin Witte.
- CNW Group
The Green Organic Dutchman Holdings to Release Third Quarter 2019 Earnings Results After Market Close on November 14, 2019
The Green Organic Dutchman Holdings to Release Third Quarter 2019 Earnings Results After Market Close on November 14, 2019
- Market Exclusive
Cannabis Stock News Daily Roundup October 22
Namaste Technologies (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) has entered into a secured convertible loan agreement with Choklat, a private chocolate manufacturer in Alberta. "We're investing in Choklat to ensure they're able to maximize the pending market opportunity for edibles," stated Meni Morim, the CEO of Namaste. The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US: TGODF) unveiled […]The post Cannabis Stock News Daily Roundup October 22 appeared first on Market Exclusive.
- MarketWatch
Cannabis stocks a sea of red as Green Organic’s financing woes weigh
Cannabis stocks were a sea of red on Friday, weighed down by Green Organic Dutchman’s 14% decline after it said it would cut costs and adopt a plan to reduce its financing needs as it grapples with a smaller-than-expected Canadian market
- MarketWatch
Green Organic Dutchman shares slide 4.7% after company says to cut financing needs
The Green Organic Dutchman Holdings Ltd. said Friday it is planning to reduce its financing needs while maintaining a path to profitability, as it struggles with a slower legal market conversion than originally expected. The Toronto-based cannabis company said earlier in October that it was reviewing financing options for the funds needed to complete construction of faciities in Ancaster, Ontario and Valleyfield, Quebec, after the financing on offer was prohibitively expensive. The company has now hired an adviser and plans to scale back its selling, general and administrative expenses and adopt a new construction and operating plan. The Ancaster plant is now complete and the the Quebec facility will be built in smaller phases. The company estimates that it needs C$70 million ($53 million) to C$80 million between now and the end of the second quarter of 2020 to carry out the plan. "With the current Canadian legal market being smaller than initially anticipated, mainly due to a slow rollout of retail locations in key provinces, we believe that our revised plan will allow TGOD to right size its production to capture the organic segment, while maintaining optionality to quickly accelerate and expand as more retail locations begin to open," Chief Executive Brian Athaide said in a statement. U.S.-listed shares fell 4.7% on the news and are down 44% in 2019. The ETFMG Alternative Harvest ETF has fallen 19% in 2019, while the S&P 500 has gained 19%.
- CNW Group
The Green Organic Dutchman Unveils New Strategic Plan to Reduce Financing Requirements While Maintaining Near Term Path to Profitability
TORONTO , Oct. 18, 2019 /CNW/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TGOD.TO) (TGODF), a leading producer of premium certified organic cannabis, today unveiled a new strategic plan, including a series of actions to reduce the Company's financing requirements while maintaining its path to profitability. These actions will result in increased agility, lower capital requirements and an optimal production capacity to serve the organic segment. "These actions are logical next steps in TGOD's road to profitability. While we are committed to – and our strategy continues to leverage – our unparalleled scale as an organic producer as well as our international assets, we have identified areas where our scale would not provide for meaningful returns in the near term given the slower pace of legal market conversion. We will optimize our operating efficiency by deferring excess capacity and expenses, whether they center on production facilities, international expansion projects or technology," commented Brian Athaide , CEO of TGOD.
