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Tuesday, November 24, 2020

Why Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) Presents an Exciting Question

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The question that should be occupying cannabis speculators is whether or not we are starting to see renewed upside momentum in shares of Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF). To examine this question, we have to recall the context: this was once the hottest play in the space after Aurora took a major investment stake. But ACB dealt that stake and new questions arose, leading to a fall from grace. However, since that point of inflection, we have seen this story rebuild itself, with as much as 250% in upside in a few months this year. To further flesh things out, the company just announced it has received its oil sales license from Health Canada pursuant to the Cannabis Act for its Hamilton, Ontario facility.

According to the release, “the Company received its oils production licence in April of 2018 and subsequently installed a state-of-the-art supercritical CO2 extraction system, capable of processing ultra-pure, environmentally friendly, organic cannabis oils. The process is free of toxic solvents and does not require any winterization protocol. The result of this specialized extraction process is a precisely concentrated, aromatic golden-brown oil that is as close to the original plant composition as can be achieved. TGOD’s premium cannabis products, including its cannabis oils, are certified organic by ProCert and its innovative growing process is certified organic by both ProCert and Ecocert, producing a clean, high-quality end product.”

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 received its oil sales license from Health Canada pursuant to the Cannabis Act for its Hamilton, Ontario facility.

The chart shows 5% piled on for shareholders of the name during the trailing week. What’s more, the stock has benefitted from a jump in recent trading volume to the tune of 21% over what the stock has registered over the longer term.

“We are pleased to offer TGOD’s medical patients access to new premium certified organic cannabis oils,” said Brian Athaide, TGOD CEO. “In addition, this step will assist TGOD in transforming our premium quality organic raw material into a variety of higher-margin cannabis products which is core to our business plan, providing us with the opportunity to bring to market innovative and novel products, including beverages and edibles, once regulations permit. Cannabis 2.0 is rapidly approaching, and we will be ready,” continued Athaide.

Earning a current market cap value of $847.22M, TGODF has a significant war chest ($263.5M) of cash on the books, which stands against about $29.9M in total current liabilities. TGODF is pulling in trailing 12-month revenues of $1.9M. However, the company is seeing recent declines on the top-line on a sequential quarterly basis, with revenues falling at 0% as of its latest reporting period. 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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