QualityStocksNewsBreaks – The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF) Details Definitive Agreement for TGOD Acquisition Corp. Spin-off

Cannabis-focused research and development company The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTCQX: TGODF), alongside wholly owned subsidiary TGOD Acquisition Corporation (“SpinCo”), this morning announced entry into a definitive agreement pursuant to which the company will move forward with the previously announced spin-off transaction, subject to the terms and conditions of the arrangement agreement.

Per the update, TGOD will distribute to its shareholders unit purchase warrants of SpinCo by way of a court-approved plan of arrangement. Pursuant to the arrangement, TGOD shareholders of record as of the distribution date will receive 0.15 percent of one SpinCo Unit Warrant for each TGOD share held, with each SpinCo Unit Warrant entitling the holder to purchase one unit of SpinCo at a price of $0.50 for a period of 30 days from completion of the distribution. Each SpinCo unit will consist of one common share of SpinCo and one-half of one common share purchase warrant, exercisable at a price of $1.25 for a period of 24 months from the date that SpinCo shares commence trading on a recognized stock exchange. The resolutions to approve the arrangement and the SpinCo offering will be presented to TGOD shareholders together with annual meeting matters at a general and special meeting of TGOD shareholders to be held on December 6, 2018.

To view the full press release, visit http://ibn.fm/lNSBC

About The Green Organic Dutchman Holdings Ltd.

The Green Organic Dutchman Holdings Ltd. is a premium global organic cannabis company, with operations focused on legal medical cannabis markets in Canada, Europe and Latin America and the legal Canadian adult-use market. The company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 170,000 kg and is building 1,382,000 sq. ft. of cultivation facilities across Ontario, Quebec and Jamaica.   In addition, TGOD has raised approximately C$460 million and has over 20,000 shareholders. TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively. For more information, visit the company’s website at www.TGOD.ca

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