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Monday, November 30, 2020

We Have Liftoff in Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF)

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Another cannabis company thriving in the warmth and glow of the legislative boost from the US House this week is Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF). In addition, helping to drive the tape, the company just announced that it has received orders from Alberta, Manitoba and Nova Scotia to be shipped this month, significantly expanding its Canadian distribution footprint.

According to the release, “the Company is also launching two new strains in Ontario as well as the world’s first organic cannabis certification program for budtenders. By expanding its distribution to these three provinces, TGOD is gaining access to 340 new retail locations, in addition to Ontario’s current 24 stores.  In parallel, the Company is launching two new strains in Ontario, Discover (Chocolope) and Tranquility (Zombie Kush). TGOD expects to deliver these new orders this month and plans to continue expanding to other provinces as well as adding new strains and product formats as its production volume increases.”

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 orders from Alberta, Manitoba and Nova Scotia to be shipped this month, significantly expanding its Canadian distribution footprint.

The chart shows 39% during the past week in terms of shareholder gains in the company. What’s more, the stock has registered increased average transaction volume recently, with the past month seeing nearly 160% over what the stock has registered over the longer term.

“As we continue scaling up our operations, we are now in a position to start distributing our premium certified organic cannabis products to additional provinces as well as launching new strains,” commented Mike Gibbons, Vice President of Sales at TGOD.  “Retailers are eager to get access to larger quantities of premium, high-quality dried flower, a market segment currently undersupplied. We are on track to distribute nationally in Q1, 2020.”

Now commanding a market cap of $185M, TGODF has a significant war chest ($122.7M) of cash on the books, which is balanced by 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%. You can bet we will update this one again as new information comes into view. 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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