If ppl are wondering how TGOD is related to ACB. Read belowMay 2, 2018 ACB participated in the Initial Public offering of TGOD by purchasing 17.5% of the IPO issue, or 6.3 million united at $3.65 per unit for a total investment of $23.1 million. Each unit conists of one common share and one half of common share purchase warrant exercisable at $7.00 per common share.
This was followed by an earlier investment completed in January 2018. Aurora will hold a total of 39.7 million common shares. They also own 16.7 million shares purchase warrants exercisable at $3.00 and will add a further 3.2 million share purchase warrants exercisable at $7.00 per share.
This reflects an ownership interest of 17.6% on an undiluted basis. They have the option to increase its ownership to over 50% in relation to TGOD achieving certain operational financial milestones.
(Reaching 1 billion market capital is a possibility of aurora increasing their ownership).
TGOD probably completed their 14,000 kg per year facility and is constructing an 820,000 sqft 104,000 kg per annum.
They also entered into an agreement to supply aurora a right to purchase 20% of TGOD annual production.
https://www.newswire.ca/news-releases/aurora-cannabis-participates-in-ipo-for-the-green-organic-dutchman-681479391.html
So do the math, 39.7 million common shares x $5.44 = $215,968,000. That's including their other purchased warrants.
Their initial investment was $55 million at $1.65 per unit which gave them 33,333,334 units.
So they put in $23.1 mil +$55 mil and got back $216 mill back (Just from common shares).
Overall, very strong and positive investment. Didn't think at all this would get to $1billion this quick.
This may also explain why Cam was added to the board of directors of TGOD. Ever since he switched he really guided them to a strong presence in the market.