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- The Green Organic Dutchman Holdings
The Green Organic Dutchman Holdings Funding, Investors & Competitors
The Green Organic Dutchman Holdings has raised $120M across 3 funding rounds, most recently a $23M undisclosed-stage round in February 2018.
Last The Green Organic Dutchman Holdings funding round
$23M
Undisclosed stage · Feb 2018
Cumulative funding The Green Organic Dutchman Holdings raised
$120M
across 3 funding rounds
Key investors in The Green Organic Dutchman Holdings
Aurora Cannabis
Rockshield Capital
About The Green Organic Dutchman Holdings
The Green Organic Dutchman Holdings Ltd. is a licensed medical cannabis producer based in Ancaster, Ontario, Canada. It cultivates organic cannabis at facilities in Ontario and Quebec under ACMPR regulations, adhering to sustainable principles with lab-tested products. The company lists its shares on the TSX as TGOD and maintains a strategic partnership with Aurora Cannabis Inc., expanding production capacity through tgod.ca.
The Green Organic Dutchman Holdings Funding History
The Green Organic Dutchman Holdings has raised a total of $120M across 3 funding rounds.
The Green Organic Dutchman Holdings' first fundraising round was a $10M Series A in November 2016. The most recent completed round was a $23M undisclosed-stage round in February 2018.
The Green Organic Dutchman Holdings funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2018 | Undisclosed stage | Aurora Cannabis (lead) | $23M | The Green Organic Dutchman Holdings Ltd. (TGOD) is a cannabis producer focused on farm-grown, pharma-grade organic cannabis using sustainable, all-natural principles, with products laboratory-tested for safety and consistency. In January 2018, TGOD closed a $112 million financing through brokered and non-brokered private placements, issuing 67,878,788 units at $1.65 per unit. Aurora Cannabis made a strategic cornerstone investment of $55 million by purchasing 33,333,334 units at the same price, representing approximately 17% ownership at the time. The investment included warrants exercisable at $3.00 per share for 36 months and an investor rights agreement allowing Aurora to increase its stake to over 50% upon TGOD meeting operational milestones, with pro-rata participation rights in future equity offerings. TGOD and Aurora also entered a supply agreement granting Aurora rights to purchase up to 20% of TGOD's annual organic cannabis production from its Ancaster and Valleyfield facilities, expandable to 33% if ownership reaches 31%, adding over 23,000 kg per annum to Aurora's capacity. Aurora Larssen Projects Inc. (ALPS) was to assist with completing and commissioning the facilities, targeting winter 2018 operation with a combined annual capacity of 116,000 kg of premium organic cannabis. The partnership aimed to leverage TGOD's consumer packaged goods expertise and Aurora's brand for rapid growth in the premium organic segment. |
| Nov 2017 | Series A | - | $88M | The Green Organic Dutchman Holdings Ltd. (TGOD) is a Canadian cannabis company focused on producing premium certified organic medical cannabis grown in living soil without pesticides. Its subsidiary, The Green Organic Dutchman Ltd., began production in late 2016 and planned initial entry into the wholesale market in 2017 for instant revenue, with production increases anticipated in 2018 at premium prices. The company expanded facilities, including a 75-acre acquisition adjacent to its Hamilton Facility in March 2017, bringing the ACMPR licensed land to 100 acres, and pursued a Québec facility. In November-December 2017, TGOD conducted a private placement of units at C$1.65 per unit, raising approximately C$44 million gross proceeds through brokered (led by PI Financial Corp. with Canaccord Genuity, Haywood Securities, and Mackie Research) and non-brokered portions, issuing about 7.89 million units in the brokered part alone. Each unit included one common share and one-half share purchase warrant. Earlier in 2017, February brokered and non-brokered offerings raised around C$7 million and C$5.7 million respectively, used for Hamilton Facility property, improvements, equipment, and working capital. Management had invested over C$5 million prior to these raises. Funds from the November offering supported working capital and development of Ontario and Québec cannabis facilities. The company emphasized a retail-first approach to enable smaller investor access. |
| Nov 2016 | Series A | Rockshield Capital | $10M | - |
Who has invested in The Green Organic Dutchman Holdings?
2 investors have backed The Green Organic Dutchman Holdings across its funding rounds, including Aurora Cannabis and Rockshield Capital.
Lead investors include Aurora Cannabis.
The Green Organic Dutchman Holdings Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by The Green Organic Dutchman Holdings
The Green Organic Dutchman Holdings has acquired 3 companies to date.
Last acquisition by The Green Organic Dutchman Holdings was on October 19th 2022. The Green Organic Dutchman Holdings acquired BZAM for $34M.
Latest Acquisitions by The Green Organic Dutchman Holdings
| Description | BZAM is a Canadian cannabis producer with cultivation facilities in British Columbia growing strains for recreational and medical markets. The company processes flower into edibles, vapes, and extracts distributed through provincial stores. Listed on the CSE as BZAM, it operates brands like Tasty Terence since 2018. | Galaxie Brands Corp. is a Canada-based licensed cannabis producer that manufactures vapes, edibles, and beverages at its Niagara Falls facility. The company offers white-label co-packing services and distributes products through provincial boards in Ontario and Quebec. | HemPoland is a vertically integrated hemp producer holding Poland's first CBD license. It cultivates 1,250 acres and extracts oils sold in 700 European outlets including Germany and UK. Facilities process organic biomass for pharma-grade products. |
| HQ Country | |||
| HQ City | Winnipeg | Guelph | Warsaw |
| Deal Date | 19 Oct 2022 | 18 Nov 2021 | 21 Aug 2018 |
| Valuation | $34M | $16M | $16M |
| EV/Revenue | |||
| EV/EBITDA | |||
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The Green Organic Dutchman Holdings Competitors
The Green Organic Dutchman Holdings competitors include listed companies like Curaleaf, Trulieve Cannabis and Green Thumb Industries, and private ones like Dutchie, Accelerant and PAX Labs.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $45M | - | $3.8B | 83.3x | ||
| Publicly listed | $1.3B | $238M | $2.7B | 2.7x | ||
| Private | $913M | $282M | $2.4B | 2.6x | ||
| Publicly listed | $1.2B | $314M | $2.2B | 2.4x | ||
| Private | $113M | - | $1.7B | 15.0x | ||
| Publicly listed | $1.2B | $469M | $1.6B | 1.6x |
The Green Organic Dutchman Holdings Public Comps
The Green Organic Dutchman Holdings is still privately-owned, but its public comps include Curaleaf, Trulieve Cannabis, Green Thumb Industries, Cronos Group, Glass House Brands, Vireo Growth, Tilray Brands, Verano Holdings, Canopy Growth and SNDL.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.3B | $238M | 2.8x | 2.7x | 14.9x | 12.6x | |||
| $1.2B | $314M | 2.1x | 2.4x | 7.9x | 6.7x | |||
| $1.2B | $469M | 1.6x | 1.6x | 4.0x | 5.9x | |||
| $147M | ($43M) | 3.3x | 2.6x | (11.3x) | 20.3x | |||
| $182M | $6M | 4.9x | 4.6x | 162.4x | 36.6x | |||
| $269M | $12M | 3.7x | 1.6x | 81.7x | 7.4x | |||
| $915M | $3M | 0.8x | 0.7x | 218.8x | 10.7x | |||
| $822M | $24M | 1.0x | 1.0x | 36.4x | 4.0x | |||
This data is available for Pro users. Sign up to see all The Green Organic Dutchman Holdings competitors and their valuation data. Start Free Trial | ||||||||
Common questions about The Green Organic Dutchman Holdings
| When was The Green Organic Dutchman Holdings founded? | The Green Organic Dutchman Holdings was founded in 2012. |
| Where is The Green Organic Dutchman Holdings headquartered? | The Green Organic Dutchman Holdings is headquartered in Hamilton, Canada. |
| Is The Green Organic Dutchman Holdings publicly listed? | No, The Green Organic Dutchman Holdings is a private, VC-backed company. |
| How much funding has The Green Organic Dutchman Holdings raised? | The Green Organic Dutchman Holdings has raised $120M across 3 funding rounds. |
| What was The Green Organic Dutchman Holdings' last funding round? | The Green Organic Dutchman Holdings' last funding round was a $23M undisclosed-stage round in February 2018, led by Aurora Cannabis. |
| Who are The Green Organic Dutchman Holdings' investors? | The Green Organic Dutchman Holdings' investors include Rockshield Capital and Aurora Cannabis. |
| Which companies are comparable to The Green Organic Dutchman Holdings? | Companies comparable to The Green Organic Dutchman Holdings include Dutchie, Curaleaf, Accelerant, Trulieve Cannabis, PAX Labs and Green Thumb Industries. |
| How many companies has The Green Organic Dutchman Holdings acquired? | The Green Organic Dutchman Holdings has acquired 3 companies, including BZAM, Galaxie Technologies and HemPoland. |
| What was the largest acquisition by The Green Organic Dutchman Holdings? | The $34M acquisition of BZAM in October 2022 is the largest acquisition The Green Organic Dutchman Holdings has made to date. |
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