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Monday, January 17, 2022

Why Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) Shares Just Launched Higher

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The big breakout to close out last week was in shares of Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF). The stock broke out above the 50-day MA in striking fashion and on rising volume. To add further flesh on the bone, the company just announced, further to its news release on June 27, 2018, that it has entered into a definitive agreement with Queen Genetics/Knud Jepsen A/S to establish two 50/50 joint ventures: the first for the purpose of producing commercial cannabis and cannabis oils and the second for developing and patenting innovative and commercially valuable elite cannabis genetics.

According to the release, the parties will form both joint ventures in Denmark with a goal to expand the Production JV into future low-cost European jurisdictions. This is potentially a major event for the company.

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.

According to company materials, “The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) is a publicly traded, premium global organic cannabis company, with operations focused on medical cannabis markets in Canada, Europe, the Caribbean and Latin America, as well as the Canadian adult-use market. 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 170,000 kgs and is building 1,382,000 sq. ft. of cultivation facilities across Ontario, Quebec and Jamaica.”

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As noted above, TGODF just announced it has entered into a definitive Agreement with Queen Genetics/Knud Jepsen A/S to establish two 50/50 joint ventures; the first for the purpose of producing commercial cannabis and cannabis oils and the second for developing and patenting innovative and commercially valuable elite cannabis genetics.

In all, the chart shows 64% tacked on to share pricing for the company in the past month. Furthermore, the company has benefitted from a jump in recent trading volume to the tune of 51% beyond what we have been seeing over the larger time frame.

“This JV is incredibly important to furthering TGOD’s presence in Europe,” commented Brian Athaide, Director and CEO of TGOD.

“Knud Jepsen is a remarkable partner, having over 80 years of experience in R&D and cultivating plants in millions of square feet. As we roll out multiple phases of our JV and plan to increase the partnership to multiple countries across Europe, leveraging Knud Jepsen’s expertise as operators, and our expertise in cannabis will be critical to TGOD’s expansion throughout the continent. The partnership will allow TGOD to focus on building global sales and distribution channels, developing proprietary and patentable IP, and furthering brand equity,” continued Athaide.

Currently trading at a market capitalization of $765.62M, 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. You can bet we will update this one again as new information comes into view. 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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