Some Tips for Finding the Bottom in Green Organic Dutchman Holdings Ltd...

Some Tips for Finding the Bottom in Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF)

SHARE

With the cannabis space in bounce mode, one might start to question whether Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) will ever find a serious bounce. Shares continue to slide even as other similar names pop back to the upside. And the heat is growing for overleveraged longs eager to see some evidence that they aren’t on board a truly sinking ship. To help push back against that narrative, the company recently announced that it hosted site visits for analysts at its Hamilton and Valleyfield facilities late last month.

According to the release, the site visit will include approximately 25 analysts from Canada and the United States participating, a showcase of TGOD’s grow differentiation and proprietary horticultural practices, a walk-through of TGOD’s purpose-built facilities designed specifically for certified organic cannabis cultivation, evidence of the completion of the “Hamilton hybrid greenhouse”, bringing total annual production capacity for the site to 17,500 kg, and evidence that Valleyfield first phase is on track to be completed in Q4 with the first harvest in early 2020, taking annual production capacity for the site to 65,000 kg.

Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) is a research & development company licensed under the Access to Cannabis for Medical Purposes Regulations 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.”

Find out when $TGODF reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

As noted above, TGODF just announced that it hosted site visits for analysts at its Hamilton and Valleyfield facilities late last month.

The stock has suffered a bit of late, with shares of TGODF taking a hit in recent action, down about -11% over the past week. Moreover, the name has registered increased average transaction volume recently, with the past month seeing 68% over the long-run average.

“We are doing something no other producer has done before, growing premium certified organic cannabis at scale.  By leveraging our proprietary growing methods, purpose-built facilities and industry-leading horticultural team, we are creating a wide economic moat within the premium organic segment,” commented Brian Athaide, CEO of TGOD.  “We are extremely proud to showcase the hard work that went into designing and building these state-of-the-art facilities as well as our cannabis 2.0 portfolio.”

At this time, carrying a capital value in the market of $380M, TGODF has a significant war chest ($122.7M) of cash on the books, which stands against about $32.5M in total current liabilities. TGODF is pulling in trailing 12-month revenues of $7.2M. In addition, the company is seeing recent top-line growth, with sequential quarterly revenues growing at 20.4%. We will update the story again as 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.

Sign Up for our 100% FREE Oracle Dispatch Newsletter