Will ACB Become Majority Owner of TGOD?
ACB has their hands all over The Green Organic Dutchman (TGOD), purchasing 17.5% of the IPO issue this morning, a $23.1 million investment.
This follows their earlier strategic investment in January and pushes their total common shares to 39.7 million and they also own 16.7 million share purchase warrants exercisable at $3.00, and will add a further 3.2 million share purchase warrants exercisable at $7.00 per share.
What shouldn’t be overlooked is ACB has an option to increase its ownership to over 50% in relation to TGOD achieving certain operational and financial milestones.
It may be too early to crown TGOD but they are, at the moment, considered by many to be the gold standard thanks to their organic approach.
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