In our recent coverage, we made plain our feelings about the upstart Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF). Shares have been picking up steam, and the company continues to showcase the right stuff, with rapid expansion, interested partners and investors (such as Aurora Cannabis), and a very aggressive strategic bearing, which is what we like most.
As a case in point, the company just announced the launch of its premium, certified organic cannabis brand. According to the release, “This preeminent launch coincides with Canadian Organic Week, the largest annual celebration of organic food, farming and products across the country. This is a pivotal step for the Company in becoming the largest, organic cannabis brand in the world.”
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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As noted above, TGODF has started to catch some renewed upside momentum as the company continues to aggressively push for expanding market share as a smaller player in the space with clearly big ambitions.
“Organically certified cannabis is preferred by Canadian consumers, in both medical and recreational markets,” said Andrew Pollock, TGOD’s Vice President of Marketing. “Cannabis consumers value the safety, medical efficacy and natural terpene profiles that organic cannabis provides. Our mission is Making Life Better, and our organic cannabis products deliver on that promise. TGOD is an organic community that consumers will be proud to join,” continued Pollock.
“We are thrilled to launch our premium organic brand of TGOD products with a focus on providing the highest-quality cannabis experience in the world,” said Brian Athaide, TGOD’s CEO.
We’ve witnessed 70% added to share values of the company over the past month of action. In addition, the listing has seen a growing influx of trading interest, with the stock’s recent average trading volume running a bit over 260% over the long run average.
“Our respect for the land is evident in every step of our production process, and we are committed to providing premium products for both our medical and future recreational customers,” continued Athaide.
Earning a current market cap value of $1.65B, TGODF has a significant war chest ($261.8M) of cash on the books, which must be weighed relative to about $14M in total current liabilities. The company is pre-revenue at this point. This may be a very interesting story and we will look forward to updating it again soon. 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.