The Green Organic Dutchman (TSX:TGOD) (OTCQX:TGODF) is hosting visits for 25 market analysts at its two new facilities, as TGOD stock climbs 3.8%.
The company is offering approximately 25 analysts the opportunity to tour its new state-of-the-art cultivation facilities in Hamilton and Valleyfield, the latter of which will be the largest organic cannabis cultivation facility in the world once fully completed. As part of the tour, analysts will be able to see first hand The Green Organic Dutchman's grow differentiation and proprietary horticultural practices, as well as getting a walkthrough of the company's purpose-built organic cannabis cultivation facilities. TGOD shares are currently trading up at $1.90.
TGOD Stock Boosted By Launch of Cannabis 2.0 Portfolio
"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," said CEO Brian Athaide. "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."
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As part of the tour, the company will also unveil its cannabis 2.0 portfolio, which includes a sampling of non-infused beverage formulations. Last week, The Green Organic Dutchman released the results of a PK study, which examined Caliper CBD, an odorless water-soluble powder that can be added to food and beverages. The study revealed that consumers absorb 4.5 times more CBD with Caliper CBD than with CBD in MCT oil. TGOD stock was mostly unmoved by the news, however, trading down around 2%.
TGOD Stock on a Downward Trend in 2019
Despite a series of positive announcements, TGOD shares have been on a downward trend for the majority of the year to date. Reaching a 2019 peak of $4.12 in March, shares in TGOD are down over 50% since. However, with legalization 2.0 just a month away and the company's Valleyfield site expected to produce its first harvest early next year, bringing production capacity for the site to 65,000 kilograms, investors will be optimistic that TGOD stock will kick on from here.
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