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Ottawa-based company says it chose L.A. because the area is home to a large number of Shopify merchants who can benefit from the services and community that the space will provide.
The Green Organic Dutchman Ltd. raised more than C$115 million in an initial public offering at C$3.65 about three months ago. Since then, the stock soared to a high of C$7.87 before settling in the C$6.00 range over the past few weeks, netting investors a return of over 60 percent (assuming a sell price of $6) in less than six months. Investors that missed the original IPO may have another opportunity in the form of a planned spin off during the fourth quarter of this year.
Valvoline's Easy Pour Bottle will make changing oil easier while offering a simplified shopping solution for the automotive Do-It-Yourself (DIY) audience.