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Why Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) is Staring at a Silver Lining

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With markets getting crushed in recent days, it’s no surprise that Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) shares are sinking a bit as well. However, this is definitely a company and a stock to keep on the radar during the pullback given its positioning as a major high-capacity producer with strategic investment interest in place from Aurora Cannabis, among others. Further building the narrative, the company just announced it has entered into a strategic joint venture with LLACA Grupo Empresarial to create a 50/50 owned company to enter the medicinal cannabis market in Mexico.

This move extends the company’s recent efforts to engage markets outside of Canada. According to the release, “With this partnership, TGOD continues the expansion of its international portfolio, with sales and operations in multiple countries and continents around the world. LLACA has developed proprietary distribution capabilities and has access to premier distributors with commercialized pharmaceutical and over-the-counter products providing access to 4,500 pharmacies and 3,100 supermarkets throughout Mexico.”

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 just announced it has entered into a strategic joint venture with LLACA Grupo Empresarial to create a 50/50 owned company to enter the medicinal cannabis market in Mexico. The move continues the company’s recent international expansion efforts (they recently grabbed some market share in the EU).

Times have been tough for everyone of late, with the stock market getting mauled over recent days. TGODF shares haven’t escaped that pain, down about -20% over the past week, with volume jumping about 160% over the stock’s long-term average.

“This partnership combined with the recently proposed regulations for the Mexican medicinal cannabis market provides TGOD with a significant first-mover advantage, at scale,” said Brian Athaide, CEO of TGOD.

“This is a pivotal step in our strategy to export TGOD branded products produced in Jamaica, Poland, and soon to be Canada and Denmark for the global markets. The distribution network includes over 7,600 potential retailers, significantly expanding our international footprint.”

At this time, carrying a capital value in the market of $1.06B, TGODF has a significant war chest ($261.8M) of cash on the books, which is balanced by about $14M in total current liabilities. The company is pre-revenue at this point. We will update the story again as soon as further details emerge. 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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