Pot Firm Green Organic Increases IPO

Medical marijuana grower Green Organic Dutchman Holdings Ltd. boosted the range on its initial public offering by as much as 15 percent, pushing back its trading debut while it refiled with regulators, a person familiar with the matter said.

The Mississauga, Ontario-based pot grower now plans to raise between C$102 million ($79 million) and C$115 million in the stock sale, according to a filing Wednesday. The company easily raised the C$100 million it had been seeking in the sale last month, the person said, asking not to be identified because the matter is private. Each share was priced at C$3.65, according to a regulatory filing.

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