NetworkNewsBreaks – Investment Interest in the G
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Posted On: 10/03/2019 3:48:27 PM
NetworkNewsBreaks – Investment Interest in the Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Rises Following BMO Block Trade
The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified-organic cannabis, is increasing its number of institutional holders following the recent clearing of stock overhang. An article discussing the company reads, “In the wake of the Bank of Montreal’s (BMO) completion of a block trade of Aurora Cannabis (TSX: ACB) (NYSE: ACB) held shares of the Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), leadership is reportedly pleased to see that 28.8 million overhanging shares remaining from that transaction have been successfully placed, predominately with institutional asset managers. . . . Through a transaction with BMO, a block trade of 4.8 million shares was completed on Friday, September 6, at $2.96, clearing the remaining shares. Approximately 55–65% of the total block of shares was placed in the hands of institutional asset managers, with the balance being taken by retail investors. This transaction was felt by both parties to be beneficial to their long-term strategic goals. Due to the repatriation of TGOD’s premium organic cannabis, which was previously designated for Aurora, the transaction brings significant revenue and gross margin gains for TGOD. ACB continues to show its support for TGOD by maintaining over 16.6 million purchase warrants (http://nnw.fm/AGt0T).”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
The Green Organic Dutchman Holdings (TSX: TGOD) (OTCQX: TGODF), a leading producer of premium certified-organic cannabis, is increasing its number of institutional holders following the recent clearing of stock overhang. An article discussing the company reads, “In the wake of the Bank of Montreal’s (BMO) completion of a block trade of Aurora Cannabis (TSX: ACB) (NYSE: ACB) held shares of the Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), leadership is reportedly pleased to see that 28.8 million overhanging shares remaining from that transaction have been successfully placed, predominately with institutional asset managers. . . . Through a transaction with BMO, a block trade of 4.8 million shares was completed on Friday, September 6, at $2.96, clearing the remaining shares. Approximately 55–65% of the total block of shares was placed in the hands of institutional asset managers, with the balance being taken by retail investors. This transaction was felt by both parties to be beneficial to their long-term strategic goals. Due to the repatriation of TGOD’s premium organic cannabis, which was previously designated for Aurora, the transaction brings significant revenue and gross margin gains for TGOD. ACB continues to show its support for TGOD by maintaining over 16.6 million purchase warrants (http://nnw.fm/AGt0T).”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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