NetworkNewsBreaks – The Green Organic Dutchman H
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Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) this morning issued an update on its operations, including its international expansion efforts, ongoing facility construction, strategic brand development and aggressive talent acquisition ahead of a potential uplisting to the New York Stock Exchange. The company also highlighted the $75 million bought deal financing that it originally announced last week. Per the update, this additional capital will be used to advance TGOD’s rapid and strategic international expansion plan, with the next phases of growth expected to focus on European and Latin American markets. The company intends to utilize the funds primarily to establish strategic product manufacturing facilities in these markets that adhere to TGOD’s proprietary organic growing principles. Moving forward, the company “will continue to invest in global cultivation opportunities and technology partnerships to deliver unique and innovative forms of its premium organic product to consumers.”
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