Our community at Invest In MJ has grown significantly over the last year and we are now one of the leading media companies covering the emerging marijuana industry. We recently participated as a speaker at the Raise At The Grey Cup Conference and received amazing feedback from the companies and audience on our presentation. Given the excellent feedback we received on the presentation and the information provided, we wanted to share it with you and will be making it available shortly to everyone on the website and to our subscribers.
As many of you know, we are very bullish on the Marijuana sector for the coming few years and recently published our outlook on the sector, we feel the best way for you to participate is in early stage Pre-IPO companies if possible. That is where the best value and upside potential is found with many of the leading private companies in the industry that are looking to become public.
Recently we introduced Emblem to our subscribers and many accredited investors participated in their financing at $0.75 in Aug and at $1.15 in October when they closed their $23,700,700 financing. The company is looking to become publicly traded very soon, they recently announced Dec 5th as the possible date.
The same advisory group that brought Organigram and Emblem to market is now going to bring The Green Organic Dutchman another Licensed Producer in Canada to market. The company is taking expressions of interest in participating in the financing and we at Invest In MJ wanted to share this with you right away.
The company is one of only 36 Licensed Producers in Canada and they are one of the last LP’s in Canada looking to go public in the next 4-6 months. Many LP’s in Canada are worth several hundred million dollars and the LP’s currently going public now have the same potential in terms of market cap in the future. With a current pre-money valuation of only $33 million, Green Organic Dutchman is arguably one of the most undervalued Licensed Producers left in Canada, but not for long. There is lot of interest in organic marijuana from the customers and the company is only one of a few that focus on true organic cannabis, a product highly sought after by other licensed producers.
We will be initiating coverage on The Green Organic Dutchman in our newsletter, you may want to sign up for it so you can stay informed. In the newsletter, we provide coverage on the various opportunities in the industry and how to best participate in the upside investors will make during the emergence of a whole new industry.
If you are interested in participating in The Green Organic Dutchman financing, please let us know as we have asked the company to secure a good portion of the financing for you.
See the press release below for details on the financing. We will also forward you the company presentation and term sheet if you would like get further information on them.
The Green Organic Dutchman Holdings Announces $10 Million Non-Brokered Financing
ANCASTER, ON--(Marketwired - November 25, 2016) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
The Green Organic Dutchman Holdings Ltd, the parent company of theThe Green Organic Dutchman Ltd.('TGOD") is pleased to announce the details of a proposed equity financing to raise a minimum of $10,000,000.
The Company is conducting a financing on best efforts basis to sell 20,000,000 common shares (the "Shares") at a price of $0.50 per Share for aggregate gross proceeds of $10.0 million (the "Offering") The Company has limited the maximum allowable allocation, for 60% of the offering, to $10,000 per investor. Subject to, and in addition to any statutory resale restrictions, the Shares will be subject to a 6-month escrow period commencing from the first day TGOD shares (or derivative thereof) become listed on an exchange.
"This is a unique financing to retail shareholders that allows as many potential patients and users to participate, as an investor, in the upside of our Company," states Scott Skinner, Founder of TGOD.
GREEN ORGANIC DUTCHMAN HIGHLIGHTS:
Highest quality Organic Medical Cannabis
Currently licensed for 1,000 kg per year
Large land package of 25 acres
2017 expansion plan of 12,500 kg additional production
A finder's fee of 8% will be paid to certain parties for introducing qualified subscribers in relation to the Offering. The Shares will have the same terms and restrictions as the Offering.
The gross proceeds from the Offering will be used to fund expansion of production capacity, working capital and for general corporate purposes.
Closing of the Offering is expected to occur on or about December 15, 2016. The Offering is being made in the Provinces of British Columbia, Alberta, Saskatchewan, Manitoba and Ontario pursuant to available exemptions from the prospectus requirements.
The common shares of the Company are not currently listed for trading on any exchange and, while the Company intends to list its share to trade on the TSX Venture exchange in 2017, there can be no assurance the Company will be listed on any exchange in the future.
ABOUT GREEN ORGANIC DUTCHMAN
The Green Organic Dutchman Ltd. Produces Farm Grown, Pharmaceutical Grade Organic Cannabis. The Company grows the highest quality Organic medical cannabis in small batches using craft growing, all natural and organic principles.
Green Organic Dutchman is licensed under the access to cannabis for medical purposes regulations (ACMPR) to cultivate medical marijuana. Green Organic carries out its principal activities producing marijuana from its facilities in Ancaster, Ont., pursuant to the provisions of the ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations.
This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors -- including the availability of funds, the results of financing efforts and the parties' due diligence reviews, and general market conditions -- that could cause actual results to differ materially from the Company's expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.