10:27 AM EST - The Green Organic Dutchman Holdings Ltd. : Announced it has agreed with Aurora Cannabis Inc. (TSX:ACB) to extend Aurora’s exercise deadline of its first milestone option under the TGOD Aurora Investor Rights Agreement by 6 weeks to October 12, 2018. The first Milestone Option entitles Aurora to acquire an additional 8% of the common shares of the Company. Further to the Investor Rights Agreement between TGOD and Aurora, dated January 12, 2018, the first Milestone Option was triggered on August 2, 2018, 90 days after TGOD’s initial public offering which closed on May 2, 2018. Under the Investor Rights Agreement, Aurora had 30 days to exercise the Milestone Option. The parties have agreed to extend the term, such that the Milestone Option will now expire on October 12, 2018. The Green Organic Dutchman Holdings Ltd.
shares T.TGOD are trading up 68 cents at $6.34.
