Green Organic Dutchman Holdings (OTCMKTS:TGODF) has its own take regarding Aurora’s transactions with a syndicate of banks in Canada. The business reveals details regarding the execution of the block trade. This took place on September 3, shortly after the market was closed.
This deal involved the exchange of shares adding up to about 28.8 million. This was at a rate of $3.00 per unit.
Details regarding the deal
The business which has been operating in Edmonton for years still retains quite a significant number of TGOD warrants. An analyst well conversant with the matter projects that these are equivalent to almost 5% of the fully diluted shares of the company.
One thing for sure is that the transaction means quite a lot for TGOD’s gross margin mix and business revenue. It signifies a significant improvement. The repatriation of the company’s premium organic cannabis is something analysts have been keeping a close eye on. It was recently that TGOD got earmarked for Aurora, an undertaking guided by an Investor Rights Agreement between these two. This same agreement also comprised of a model for the sharing of revenues. It is a model with the capacity to decrease TGOD’s average margins and the selling price as well.
The CEO and his thoughts
The CEO of TGOD Brian Athaide spoke in relation to the recent developments. He opined, opined, “Aurora has been an excellent partner during TGOD’s initial development phase; their investment played an important role in our success. The relationship added significant value across multiple areas of the business, including the initial design and construction of our Canadian facilities.”
The leader believes the company needs to take the right steps to achieve its objectives, and he deems this one is! He looks forward to the maturity of the two business gurus. This is something he thinks will go hand in hand with the evolving of their respective strategies.
Athaide also says that TGOD’s margin potential and revenue will be skyrocketing soon. He was saying this referring to the sale of the company’s premium organic cannabis. The official says it isn’t easy being a publicly-traded premium global organic cannabis provider. What keeps them moving is openness to working with other progressive companies and embracing new ways of doing things.
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