TGOD starts trading May 2 on the TSX... Green Organic Dutchman, a Canada-based medical marijuana grower, has revised upward the proceeds the company expects to generate from its upcoming initial public offering on the Toronto Stock Exchange, reflecting stronger investor demand.
The Toronto company said it now expects to raise between a minimum of $102 million Canadian dollars ($79 million) through the sale of 28,000 shares and a maximum of CA$115 million via the of issuance of 31,510,000 shares. The share price is set at $3.65.
In March, Green Organic expected the IPO to generate CA$75 million-CA$100 million, with the maximum number of shares totaling 27,397,260.
Shares will trade under the symbol TGOD on the Toronto Stock Exchange starting May 2.