A stock that continues to represent a fascinating binary trading opportunity right now in the cannabis patch is Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF). This is fascinating precisely because it has such a speculative and unproven feel, but also such great potential at the strong end of the probabilistic outcome distribution spectrum. The company has also been increasingly aggressive in terms of new lateral relationships. As a case in point, TGOD just announced a partnership to streamline its medical cannabis onboarding experience.
According to the release, “TGOD will begin selling its premium, certified-organic cannabis to medical patients in late January 2019. The integration of HelloMD’s convenient online clinic services will enhance TGOD’s best-in-class approach to patient care. HelloMD provides a solution for patients looking to conveniently access medical cannabis in Canada online. By leveraging HelloMD’s white-label patient services platform, TGOD will ensure patients have convenient access to independent, practitioner-led advice and education about medical cannabis. Prospective patients can connect online with a licensed practitioner seven days a week from the comfort of their preferred location. Patients who obtain appropriate documentation can purchase from TGOD’s broad range of premium medical cannabis products.”
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 a partnership with HelloMD to streamline TGOD’s medical cannabis onboarding experience.
Action in the stock has been weak particularly since Aurora revealed that it had sold out of the company – one of the main drivers that put this stock on the radar was Aurora’s announcement earlier this year that it had taken a major stake. At this stage, shares of TGODF are looking for stable support, with the key level now fixed at $2/share.
“At TGOD, “Making Life Better” is not just our brand tagline, it’s our ongoing commitment to every consumer,” said Andrew Pollock, Vice President of Marketing at TGOD. “Patients deserve premium organic cannabis and through the partnership with HelloMD, we are pleased to provide increased access to TGOD’s product lines with the highest level of customer service and functionality to our patients.”
Now commanding a market cap of $600.51M, TGODF has a significant war chest ($257.6M) of cash on the books, which is balanced by about $15.1M in total current liabilities. The company is pre-revenue at this point. This is an exciting story, and we look forward to a follow-up chapter as events transpire. 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.