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What’s the Formula for Support in Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF)?

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We have been looking for a possible bottom in the Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) chart for the last few weeks. As you may recall, the cracks in the chart came after investors learned that Aurora had dished out its strategic shares in October following the Canadian legalization announcement. To further flesh out the story, the company just announced the launch of its brand new experiential patient and consumer website focused on delivering the absolute best online experience in the industry.

According to the release, “The result of over 3,000 patient interviews, multiple surveys and questionnaires, and months of planning, this new and improved website provides a number of incredible features including an all new sales experience and Search Engine Optimization focused on organic content, sustainability, and community activities. The TGOD online experience has been upgraded to include patient portals, consumer education centers and an entirely redesigned investor section. Additionally, updated media portals offer a number of short films focused on the organic difference, sustainability, and behind the scenes interviews with TGOD employees.”

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 the launch of its brand new experiential patient and consumer website focused on delivering the absolute best online experience in the industry. In all, traders will note 2% during the past week in terms of shareholder gains in the company. What’s more, the company has benefitted from a jump in recent trading volume to the tune of 17% beyond its prior sustained average level.

Over the past month, shares of the stock have suffered from clear selling pressure, dropping by roughly -25%.

“TGOD is committed to providing the ultimate cannabis experience for consumers,” said Andrew Pollock, Vice President, Marketing of TGOD. “A website is the first point of contact for most consumers. Those consumers have many choices with respect to their cannabis brands, and it is critical that TGOD provide them with the ultimate experience. With respect to navigation, content, and ‘shopability’, we believe we have the absolute best website in the cannabis industry today.”

Earning a current market cap value of $509.8M, TGODF has a significant war chest ($257.6M) of cash on the books, which stands against about $15.1M in total current liabilities. The company is pre-revenue at this point. We will update the story again soon as developments 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.

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