Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) saw a significant bump in volume this past week, and the doldrums for this company might be in the rearview. TGODF is a serious player in the organic cannabis movement, but their recent upward action might have to do with international expansion.
TGODF has inked some impressive JVs with HemPoland, Knud Jepsen and even a Mexican pharmaceutical retailer. The company is now in the process of releasing high-quality CBD oils across Europe. “We’re really establishing our business there by expanding the brand Cannabigold that we acquired from HemPoland and creating the sales and distribution infrastructure that we can then launch our TGOD THC brand on top of that, as more and more countries become legal from a medical cannabis side,” says CEO Athaide.
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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In Denmark, the JV with Knud Jepsen is another win-win. As the company is an established cultivator in the region and now TGODF will bring their skills and distribution know-how to an experienced operator in the space.
“We are partnering with … Knud Jepsen, and they’ve been in the agricultural business growing flowers for about 80 years in greenhouses and have a lot of great capabilities … that we believe will be transferable to cannabis,” Athaide explains. “We’re looking forward to partnering with them in cultivating in Denmark for the Danish market, and then we’re also looking at other places where we can cultivate at much lower cost in Europe … so we’re progressing well with our European strategy.”
In Mexico, the company has what they consider “an early-mover advantage” and will soon begin ramping up their reach.
“We’ve reached the point where we’re close to launching our brand … we’re now ready to go to the next stage,” Athaide added.
Lastly, in Jamaica, TGODF owns 49.1% interest in Epican, a vertically-integrated cannabis provider with assets all the way up the value chain. The two companies are moving quickly with their retail location opening in Kingston last year.
“We plan to continue opening stores throughout the country, increasing productive capacity, and expanding our leadership in Jamaica. As Trelawny comes online in phases, we will accelerate production to meet growing demand within Jamaica and export product through TGOD’s distribution channels in Mexico and beyond,” Athaide said.
Holding a market cap value of $878.61M, TGODF has a float of 232.84M and has experienced some ups and down before going public, but the company has a significantly established footprint abroad and a niche philosophy at home. 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.