Don’t Overlook Green Organic Dutchman Holdings Ltd (OTCMKTS: TGODF)

Don’t Overlook Green Organic Dutchman Holdings Ltd (OTCMKTS: TGODF)


As we see it, there aren’t enough traders taking a close look at Green Organic Dutchman Holdings Ltd (OTCMKTS: TGODF) right now. This could be a hidden gem. The stock doesn’t get anywhere near the type of attention that we see hitting Aurora Cannabis Inc (OTCMKTS:ACBFF) or Aphria Inc (OTCMKTS:APHQF), or the rest of that ilk. But in TGODF, you have a billion dollar cannabis player in the Canadian space that is now starting to branch out and deliver a global expansion plan.

As a case in point, the company just announced it has signed a letter of intent for a 50/50 joint venture with Queen Genetics/Knud Jepsen A/S based in Hinnerup, Denmark. According to the release, “The JV will initially consist of 200,000 sq. ft. located within Knud Jepsen’s 1.3 million sq. ft. state-of-the-art automated greenhouses in Denmark. The approximately 200,000 square feet of advanced buildings to be dedicated to the JV were designed and engineered by Thomas Larssen of Aurora Larssen Projects Inc. and will provide an opportunity for TGOD to increase its total organic funded capacity by approximately 25,000 kgs. This will provide a consistent supply of high-quality organic cannabis grown in Europe, ready for the local European markets and increases TGOD’s funded capacity to 195,000 kgs.”

Green Organic Dutchman Holdings Ltd (OTCMKTS: TGODF) is a research & development company licensed under the Access to Cannabis for Medical Purposes Regulations (“ACMPR”) to cultivate medical cannabis. The Company carries out its principal activities producing cannabis from its facilities in Ancaster, Ont., pursuant to the provisions of the ACMPR and the Controlled Drugs and Substances Act (Canada) and its regulations.

The Company grows high quality, organic cannabis with sustainable, all-natural principles. TGOD’s products are laboratory tested to ensure patients have access to a standardized, safe and consistent product. TGOD has a funded capacity of 116,000 kg and is building 970,000 sq. ft. of cultivation facilities in Ontario and Quebec.

The Company has developed a strategic partnership with Aurora Cannabis Inc. (TSX:ACB) whereby Aurora has invested approximately C$78.1 million for an approximate 17.5% stake in TGOD. In addition, the Company has raised approximately C$290 million dollars and has over 5,000 shareholders. TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.

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We’ve witnessed some flat action in the stock during the past month as a matter of fact. However, the picture is hardly that of a flat pattern. This has been a roller coaster ride, with a rip, a dip, another rip, and another dip, all amounting to significant trading opportunities along the way. Over that period, liquidity on the tape has clearly been ticking higher as the stock draws more eyeballs and trading accounts into the action.

Fueling new attention, the company is extending its reach to include the EU marketplace, as noted above.

“Europe, being home to 750 million people, is a key market, and Knud Jepsen has nearly 3 million sq. ft. of horticultural operations, 75 years of operating experience and a significant focus on R&D providing an incredible platform for TGOD to enter the European market,” said Csaba Reider, the Company’s President. “These first two facilities are simply the first step in our business plan to enter Europe at scale. We look forward to completing our final agreement in the coming weeks.”

Now commanding a market cap of $1.13B, TGODF has a significant war chest ($129.7M) of cash on the books, which is balanced by virtually no total current liabilities. The company is pre-revenue at this point. As more color becomes clear on the name, we will review the situation and update our take. Sign-up for continuing coverage on shares of $TGODF stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $TGODF, either long or short, and we have not been compensated for this article.

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