The Green Organic Dutchman HemPoland

On October 2, 2018, The Green Organic Dutchman Holdings Ltd. (TSX: TGOD), announced that it had closed the acquisition of HemPoland. Under the acquisition agreement, TGOD has paid $7.75 million and issued 1,968,323 restricted shares of the company, which will be escrowed for three years from the closing date. Another 3,047,722 shares of TGOD may be issued if HemPoland achieves an EBITDA of $32 million by 2021. To help fund product development and expansions in Europe, TGOD has pledged to invest an additional $10.3 million into the company.