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Monday, January 17, 2022

Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) Goes to Bed with Tilray

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Shares of Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) have finally started to show some serious juice, ramping up to tag the key 50-day moving average to close out last week. The stock has been mired in relative weakness over the past three months. But the action since the new year sparks a sense of a potential narrative shift. As a case in point, the company just announced it has signed a royalty-bearing commercial sublicense with EnWave Corporation (TSX-V:ENW) and Tilray, Inc. (NASDAQ:TLRY).

According to the release, “EnWave has developed Radiant Energy Vacuum – an innovative, proprietary method for the precise dehydration of organic materials. EnWave has further developed patent-pending methods for uniformly drying and decontaminating cannabis through the use of REV technology, shortening the time from harvest to marketable cannabis products.” Green Organic Dutchman had no reported sales in its last quarterly financial data. In addition, the company has a strong balance sheet, with cash levels far exceeding current liabilities ($257.6M against $15.1M).

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 signed a royalty-bearing commercial sublicense with EnWave Corporation (TSX-V:ENW) and Tilray, Inc. (NASDAQ:TLRY). In all, the chart shows 18% tacked on to share pricing for the stock in the past week.

What’s more, the stock has witnessed a pop in interest, as transaction volume levels have recently pushed 23% beyond its prior sustained average level.

If you’re long this stock, then you’re liking how the stock has responded to the announcement. TGODF shares have been moving higher over the past week overall, pushing to the upside on above average trading volume, as noted. This is another strong technical signal. And bulls will now be watching the action this coming week with baited breath as a signal of things to come.

“We are incredibly excited to utilize this proprietary and advanced dehydration technology, which will promote consistency in the manufacturing of our premium organic products, improve space efficiency by reducing the need for drying rooms and quicken TGOD’s time from harvest to sale,” stated Brian Athaide, TGOD’s Chief Executive Officer.

Currently trading at a market capitalization of $615.93M, TGODF has a significant war chest ($257.6M) of cash on the books, which must be weighed relative to about $15.1M 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.

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