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Thursday, November 26, 2020

Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF): This Key Factor Could Shape the Future

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The quintessential drama surrounding shares of Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) is all about technical momentum. The ROI case is still in place, and the sector thesis is intact. But the stock continues to suffer from living in the shadow of its former identity as the golden child of the space – with high profile strategic investments from the likes of Aurora (NYSE:ACB) – and then being sold off into the blitz of the Canadian legalization news in late 2018.

But shares have some promising posture once again, and the company just announced that it has secured a cannabis supply agreement with Alberta Gaming, Liquor & Cannabis , further expanding its footprint in Western Canada – AGLC, under the brand Alberta Cannabis, is Alberta’s legal, non-medical online cannabis store. According to the release, “The agreement with AGLC was negotiated in collaboration with Velvet Management Inc. Velvet Management is an industry leader, providing a fully integrated national sales and distribution platform for TGOD’s premium organic cannabis to provincial liquor and cannabis boards.”

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 secured a cannabis supply agreement with Alberta Gaming, Liquor & Cannabis, further expanding its footprint in Western Canada – AGLC, under the brand Alberta Cannabis, is Alberta’s legal, non-medical online cannabis store.

The chart shows 5% during the past week in terms of shareholder gains in the stock. In addition, the listing has registered increased average transaction volume recently, with the past month seeing 19% beyond its prior sustained average level.

“Alberta is an important market for us as we continue to expand our distribution channels across Canada,” commented Brian Athaide, CEO of TGOD. “With our production facilities in Hamilton, Ontario and Valleyfield, Quebec coming online in phases, we are thrilled to start distributing TGOD’s premium certified organic cannabis to AGLC.”

Now commanding a market cap of $826.98M, 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 flat action on the top-line on a sequential quarterly basis. This is an exciting story, and we look forward to a follow-up chapter as events 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.

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