Daily News: September 5, 2017

Alterna Provides $5MM Facility to The Green Organic Dutchman

The Green Organic Dutchman Holdings entered into a $5 million financing agreement with Alterna Savings and Credit Union.

The financing consists of a line of credit is for $5 million bearing an interest at Alterna’s prime lending rate plus 150 basis points and revolves annually.

Csaba Reider, president of TGODH, commented, “With our phase 1 Hamilton expansion fully funded, this incremental capital will allow us to take advantage of strategic opportunities as they arise.”

Hamilton, ON-based The Green Organic Dutchman is licensed under the Access to Cannabis for Medical Purposes Regulations to cultivate medical cannabis.