The Green Organic Dutchman Holdings Ltd. (TGOG) is among the few cannabis producers to be certified organic which gives them a clear advantage over their competitors.
CERTIFIED ORGANIC PROCESS : Designed to produce high quality organic cannabis grown in living soil with established proprietary organic growing techniques and leading-edge intellectual property
Also, TGOD has a capacity of 219,000 kg and is building 1,643,600 sq. ft. of cultivation and processing facilities across Ontario, Quebec, Jamaica and Denmark.
Furthermore, TGOD have EU GMP certification process under way enabling European exports to open the door to a huge market.
But today, TGOD confirms to us what the investors suspected for a long time to come, that demand is very strong for their products :
TORONTO, Sept. 12, 2019 /CNW/ – The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) (TSX:TGOD) (US:TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that following its launch in Ontario at the end of August, which marked the Company’s entrance into Canada’s recreational market, initial demand has exceeded expectations. TGOD’s high-THC signature strain, Unite Organic, is performing well online and at dispensaries, triggering a second order from the OCS earlier than initially anticipated.
“We are thrilled to witness such strong sales and positive feedback from retailers and consumers across Ontario, Canada’s most populous province at 14.32 million people. We can see from the initial response that demand for high-quality flower is strong,”
– commented Brian Athaide, CEO of TGOD.
“Our team is working hard to ramp up production of our premium organic products as we get ready to expand distribution with additional strains and product forms as well as to other provinces in the months ahead. With our Hamilton hybrid greenhouse completed, and a second one nearing completion in Valleyfield, we are on track to distribute nationally early next year.”
As highlighted in a study conducted by Hill & Knowlton earlier this year, over 50% of recreational consumers who intended to purchase cannabis stated that it is important that their cannabis be organic. TGOD’s cannabis is grown in the Company’s proprietary living soil, in accordance with all-natural principles and without irradiation. The Company’s growing process is also certified organic by both Pro-cert and ECOCERT, two leading organic certification bodies, providing consumers with a safe, consistent, and enjoyable cannabis experience.
With a Planned Capacity, EBITDA CY2020, CY 2021 multiples way below to peers. TGOD represents a bargain at the current price.
At the time of writing the article, TGOD stock is at 2.72 CAD
For more information visit the website of The Green Organic Dutchman
This article is written and published by The Cannabis Stock
Disclaimer : The Cannabis Stock wants to promote the cannabis market with the best publication on the market. The Cannabis Stock does not recommend selling or buying any of the company mentioned and is not responsible for any losses that may result.