The Green Organic Dutchman Holdings Ltd announced a private placement of 33,333,334 units at a price of CAD 1.65 per unit for gross proceeds of approximately CAD 55,000,000 on January 5, 2018. The transaction will involve participation from Aurora Cannabis Inc. (TSX:ACB) which will acquire 17.62% stake in the company pursuant to the transaction. Each unit will consist of one common share and one half of one common share purchase warrant exercisable at a price of CAD 3 per common share for a period of 36 months from the date of closing.

The company has entered into a definitive agreement with Aurora Cannabis Inc. (TSX:ACB). The investor will have the option to incrementally increase its ownership in the company to 51% subject to certain conditions. The transaction is subject to customary closing conditions as well as entrance into an investor rights agreement.