Green Organic Dutchman secures CA$20 million for expansion

Less than two weeks after securing a 5 million Canadian dollar ($4 million) line of credit, Green Organic Dutchman Holdings raised another CA$20 million¬†through a private placement of its securities. The Canadian marijuana producer plans to use the money to build its planned cultivation facilities in Ontario and Quebec to meet demand for medical and recreational cannabis. PI Financial Corp. will lead a private placement offering involving 4.2 million Green Organic Dutchman “units” at a price of CA$1.65 per unit, generating CA$7 million.¬†Each unit equals a share of the company’s common stock and a purchase warrant for another ... Green Organic Dutchman secures CA$20 million for expansion is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs