Green Organic Dutchman Holdings Ltd. (OTCPK: TGODF) is a research & development company licensed under the Access to Cannabis for Medical Purposes Regulations to cultivate medical cannabis. The Company grows high quality, organic cannabis with sustainable, all-natural principles.
On May 8, 2018, TGODF shares closed at $2.86. Since then the shares have gained over 80% to the current level of $5.23 per share.
The Canadian cannabis industry, already comprised of companies worth an estimated $23 billion, is set to explode as the country nears nation-wide legalization of the substance. According to CIBC, the Canadians will spend nearly $7 billion on cannabis in 2020, making the retail cannabis market larger than the hard liquor market in Canada. This boom is causing intense competition within the industry, as companies are vying for resources to maximize production in response to the anticipated spike in demand behind the inevitable legalization. Canada has set the “green standard” for legal cannabis growth as Health Canada has been responsible for approving growing licenses and ensuring that demand and supply have remained somewhat balanced.
The company recently added Cam Battley to its board of directors. Mr. Battley is chief corporate officer at Aurora Cannabis Inc., where he is the lead external-facing executive, responsible for establishing and managing relationships with various stakeholders operating in the cannabis sector. Mr. Battley is a member of the board of directors of Cannabis Canada, the trade association of licensed producers. With a background as a health sector management consultant, he combines experience in government, health care NGOs and the biopharmaceutical industry. Mr. Battley joined the company’s board of directors effective May 1, 2018.
Recent Events
May 29, 2018. The Green Organic Dutchman Holdings Ltd. announced that the Company has entered into an exclusive agreement with Stillwater Brands to license RIPPLE SC (Soluble Cannabinoids) ingredient technology, and other proprietary beverage and food technologies and formulations related to cannabinoid-infused consumer packaged goods including micro-dose and full-dose tea sticks within Canada and certain international jurisdictions outside of the USA. https://www.otcmarkets.com/stock/TGODF/news/The-Green-Organic-Dutchman-to-Exclusively-License-Fast-Acting-Stillwater-Foods-RIPPLE-SC-Soluble-Cannabinoids-and-Other-?id=193851
May 22, 2018. The Green Organic Dutchman Holdings announced that the Company has entered into an exclusive agreement with CBx Enterprises LLC for the licensing of the Evolab and CBx Sciences brands and proprietary technologies and formulations within Canada and other international jurisdictions outside of the USA. Based in Colorado, the CBx team brings decades of experience developing and marketing a diverse array of unique, first-to-market medical and recreational cannabis products. The licensing arrangement will immediately expand TGOD’s product and technology portfolio, and position the Company for the successful development of new products as Canadian and global product requirements and standards rapidly evolve. https://www.otcmarkets.com/stock/TGODF/news/The-Green-Organic-Dutchman-Announces-Exclusive-License-for-CBx-Enterprises-Cannabinoid-Technologies?id=193212
Products
The Company started with 5 strains and has to date successfully grown 8 strains, all organic, with a further 28 strains in the pipeline
G13 / MK Ultra
THC: 12.2%
CBD: 2.6%
Type: Indica
Amnesia Haze
THC: 17%
CBD: 0.2%
Type: Sativa
Purple Kush
THC: 14.6%
CBD: 0.5%
Type: Indica
OG Kush
THC: 16.3%
CBD: 0.2%
Type: Hybrid
Jack Herer
THC: 16.7%
CBD: 0.2%
Type: Sativa
The Doctor
THC: 17.7%
CBD: 0.2%
Type: Indica
White Rhino
THC: 15.7%
CBD: 0.1%
Type: Indica
Blueberry
THC: 15.7%
CBD: 0.3%
Type: Indica
Blue Dream
THC: 18%
CBD: 3%
Type: Sativa Dominant Hybrid
Pineapple Chunk
THC: 16.7%
CBD: 1.1%
Type: Indica Dominant Hybrid
BC God Bud
THC: 13.3%
CBD: 0.8%
Type: Indica
BC God Bud
THC: 13.5%
CBD: 0.4%
Type: Indica
CBD Critical Mass
THC: 7%
CBD: 7%
Type: Indica
Hamilton Green Belt
THC: %
CBD: %
Type: TBD
The Ultimate
THC: 16.5%
CBD: %
Type: Hybrid
Querkle
THC: 20%
CBD: 0.1%
Type: Indica
Super Lemon Haze
THC: 18.2%
CBD: 0.1%
Type: Sativa Dominant Hybrid
CBD Shark Shock
THC: 6%
CBD: 6%
Type: Indica
Master Kush
THC: 14.9%
CBD: 0.2%
Type: Indica
Super Silver Haze
THC: 15.8%
CBD: 0.2%
Type: Sativa
Holy Grail Kush
THC: 18.1%
CBD: 0.1%
Type: Indica Dominant Hybrid
Red Dragon
THC: 16.5%
CBD: 0.3%
Type: Sativa Dominant Hybrid
Chocolope
THC: 18.7%
CBD: 3%
Type: Sativa
Sensi Star
THC: 11.2%
CBD: 0.3%
Type: Indica
Cheese Quake
THC: 19.3%
CBD: 3.5%
Type: Indica Dominant Hybrid
Bubba Kush
THC: 17.1
CBD: 0.3%
Type: Indica
Crazy Train
THC: 14.3%
CBD: 0.4%
Type: Hybrid
Dark Star
THC: 11.8%
CBD: 0.2%
Type: Indica
Pennywise
THC: 11%
CBD: 13.3%
Type: Hybrid
Super Lemon Haze
THC: 18%
CBD: 3%
Type: Hybrid
Quantum Kush
THC: 20%
CBD: 0.2%
Type: Sativa Dominant Hybrid
Tahoe OG
THC: 15.7%
CBD: 0.4%
Type: Sativa
G13 Haze
THC: 19.3%
CBD: 0.7%
Type: Sativa
Purple Diesel
THC: 17.6%
CBD: 0.5%
Type: Hybrid
Industrial Plant
THC: 13.3%
CBD: 0.7%
Type: Hybrid
XXX
THC: 16.7%
CBD: 0.3%
Type: Hybrid
About
The Green Organic Dutchman Holdings Ltd. 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$290 million dollars and has over 5,000 shareholders. TGOD’s Common Shares and warrants issued under the indenture dated November 1, 2017 trade on the TSX under the symbol “TGOD” and “TGOD.WT”, respectively.
Financial review in C$ FYE 2017
During the year ended December 31, 2017, the Company’s losses before income taxes of $15,014,706 compared to the period from the date of incorporation on November 16, 2016 to December 31, 2016 of $169,078.
Marketing expenses of $1,165,146 for the year ended December 31, 2017 increased $1,146,975 from $ 18,171 for the period from the date of incorporation on November 16, 2016 to December 31, 2016.
Research and development expenses increased from $59,438 for the period from the date of incorporation on November 16, 2016 to December 31, 2016 to $1,563,282 for the year ended December 31, 2017.
General and administrative expenses of $12,838,566 for the year ended December 31, 2017 as compared to $84,286 for the to the period from the date of incorporation on November 16, 2016 to December 31, 2016.
Cash and cash equivalents $63,735,857 as of December 31, 2017.
Stock influences and risk factors
Continuing and current legislation to make cannabis legal in Canada may act as a catalyst for the company’s shares;
The Company is subject to changes in Canadian laws, regulations and guidelines which could adversely affect the Company’s future business, financial condition and results of operations;
There is no assurance that the Company will turn a profit or generate immediate revenues;
The Company faces competition from other companies where it will conduct business that may have higher capitalization, more experienced management or may be more mature as a business;
The Company’s operations are subject to environmental regulation in the various jurisdictions in which it operates.
Stock chart
On Monday, June 4, 2018, TGODF shares were trading at $5.23 on traded volume of 235K shares. The current RSI (14) is 86.98