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The Court Approves A Spin-Off Plan For Green Organic Dutchman Holdings Ltd. (OTCMKTS:TGODF)

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The Ontario Superior Court of Justice has approved a previous spin-off plan arrangement linking the TGOD Acquisition Corporation. This is a wholly-owned subsidiary of Green Organic Dutchman Holdings Ltd. (OTCMKTS:TGODF) whose main focus is on investments in the cannabis industry. Its primary interest is in Canada and international markets.

The terms and conditions approved in October 2018 will guide the spin-off arrangement expected to bring forth international growth. Some of the activities, which will take place include the distribution of the company’s unit purchase warrants to its shareholders. For each TGOD shares held, the entitlement will be 0.15 of one SpinCo unit warrant for each TGOD shareholder on record.

SpinCo offering and approval of the arrangement

SpinCo is contemplating to complete the SpinCo Offering. This will not be less than 20,000,000 of Subscription Receipts and at a price of $0.50 per Subscription Receipt. The same will adhere to terms and conditions similar to those of the SpinCo Unit Warrants distributable to TGOD shareholders. However, for every Subscription Receipt, the holder will have an entitlement of receiving additional consideration without making any payment. Besides, the Offering is primarily on a private placement basis.

The next big cannabis story to hit North America is Phoenix Life Science International (PLSI), traded in the US, but with the largest global production based in the tropics and a license to distribute worldwide. Take a look at Phoenix Life Science International PLSI), Its currently trading under $18 dollars per share on the OTC markets. Learn More Now!

Meanwhile, the Arrangement’s approval was through a two-thirds vote by the TGOD shareholders during the TGOD Meeting on November 6, 2018. The approval by the court through a final order occasioned the Amending Agreement.

SpinCo is eyeing a key investment strategy

SpinCo is eyeing the net proceeds of the SpinCo Offering to put together its key strategies and also for general working. The investment company has acquired equity, debt, and other securities in public and private companies. Its primary and long term goal right now is to enhance the shareholder’s value. At some point, it will consider mergers and acquisitions with critical players in the cannabis industry.

Already The Green Organic Dutchman Holdings Ltd has enlisted a strategic partnership with Aurora Cannabis Inc. The research and development company grows organic cannabis sustainable under all natural principles. It cultivates medical cannabis; thanks to its licensing under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”).

Pushing the barriers for global distribution, Phoenix Life Science International (PLSI) is the next cannabis play. Just think Canopy x 100, that is how big their plantation in the tropics will be. No lights, no green houses, just maximum growth + minimal cost = home run. Learn More Now!

   

Learn More About PLSI at your brokerage today!

         

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