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Tuesday, November 24, 2020

Here is Why It’s Do-or-Die Time for Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF)

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Shares of Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) are in a pitched battle to regain lost ground following the stock’s decline last fall after Aurora dished out its strategic TGOD shares. The chart is built around a potential confrontation with key resistance at the $3.75 level where we see enormous resistance defined by past highs and lows and the 200-day MA all in acting in confluence. To further define the picture, the company just announced that it has received organic certification from Pro-cert Organic Systems Ltd.

According to the release, “this is the second certification body to endorse TGOD’s organic process at its Hamilton facility. The Company is committed to the highest standards of organic cultivation of cannabis. TGOD cannabis is grown in soil, without synthetic fertilizers, herbicides or pesticides, and is never irradiated. Canadian consumers have stated that they prefer organic cannabis. In a recent study conducted by Hill & Knowlton, over 50% of recreational consumers stated it was important that their cannabis was organic. When the same question was posed of medical patients, that number increased to 63%.”

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 that it has received organic certification from Pro-cert Organic Systems Ltd.

We’ve witnessed 24% during the past month in terms of shareholder gains in the stock, a rally that has pushed up against longer standing distributive pressure in the stock. Moreover, the company has seen a growing influx of trading interest, with the stock’s recent average trading volume running 84% beyond its prior sustained average level.

“Certified-organic provides consumers with the best cannabis experience, and the entire TGOD organization is committed to that standard,” said Brian Athaide, Director and CEO of TGOD. “The certification from Pro-Cert, along with the earlier certification from ECOCERT means that both leading organic certification bodies have approved our process. This is testimony to the work of David Bernard-Perron, Vice President, Growing Operations, and the entire cultivation and Operations team in Hamilton.”

Earning a current market cap value of $881.17M, 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. We will update the story again soon as further details emerge. 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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