TGOD Stock Struggling Following Sale of Shares by Aurora

TGOD stock is down 16% this week after Aurora Cannabis Inc (TSX:ACB) (NYSE:ACB) sold its remaining shares in The Green Organic Dutchman (TSX:TGOD) (OTCQX:TGODF).

On Tuesday, Aurora announced that it had sold its remaining 28,833,334 shares in The Green Organic Dutchman to a syndicate of investors, which reportedly included the Bank of Montreal (NYSE:BMO) and The Canadian Imperial Bank of Commerce (TSX:CM). The sale of TGOD stock, at a price of $3.00 CAD a share, generated $86.5 million USD for Aurora Cannabis; however, both companies’ shares were in the red following the sale, with Aurora hitting ...