On May 2, 2018, The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (“TGOD”) announced that it had successfully completed an initial public offering of units for total gross proceeds of $115,011,500. The agents subsequently fully exercised their over-allotment option providing TGOD with an additional $17,251,725 for a total amount raised of $132,263,225.
The offering was made through a syndicate of agents co-led by Canaccord Genuity Corp., as sole bookrunner, and PI Financial Corp., and including Industrial Alliance Securities Inc., INFOR Financial Inc., Echelon Wealth Partners Inc. and Mackie Research Capital Corporation.
TGOD through its wholly-owned operating subsidiary, The Green Organic Dutchman Ltd., holds the License issued by Health Canada pursuant to Access to Cannabis for Medical Purposes Regulations (“ACMPR”) which allows the company to produce dried marijuana, marijuana plants and fresh marijuana, and to sell such marijuana products within Canada to Licensed Producers or Licensed Dealers qualified under Section 22(2) of the ACMPR.
Miller Thomson advised the agents with respect to this offering with a team that included Peter McArthur, Dwight Dee, Erika Lai and Bruno Caron (capital markets & securities); Gerald Courage and Neil Gurmukh (tax); Sandra Gogal (regulatory); with the assistance of students-at-law Roark Lewis and Carol Bai.