In a press release earlier today, The Green Organic Dutchman (TSX:TGOD) (OTCQX:TGODF) announced that it has received its oil sales license from Health Canada. The news has spurred on TGOD stock, which, as a result, is up roughly 7% and trading at $4.18 CAD on the TSX.
TGOD Stock: Oil Sales License
The news comes a short time after the company received its oils production license earlier this month.
Upon that news, TGOD installed a “state-of-the-art supercritical CO2 extraction system, capable of processing ultra-pure, environmentally friendly, organic cannabis oils.”
This focus on high-quality certified-organic cannabis is exactly what TGOD is famed for. Its aim to create ultra-premium cannabis products is possible because of the company’s extraction process. This is a unique protocol that results in a cannabis oil “as close to the original plant composition” as possible.
Now, with the sales license in hand, TGOD will embark on the global sale of this high-quality cannabis oil, much to the excitement of TGOD stock investors.
In the press release, TGOD CEO Brian Athaide said the following:
“We are pleased to offer TGOD’s medical patients access to new premium certified organic cannabis oils […] In addition, this step will assist TGOD in transforming our premium quality organic raw material into a variety of higher-margin cannabis products which is core to our business plan, providing us with the opportunity to bring to market innovative and novel products, including beverages and edibles, once regulations permit. Cannabis 2.0 is rapidly approaching, and we will be ready.”
TGOD Stock: Grower’s Circle
In March, The Green Organic Dutchman announced that the sale of its cannabis flower had started. A select group of medical patients called the Growers’ Circle, were given early access to the company’s first-certified organic flower. This initial rollout was a limited offering used to help TGOD perfect distribution and gauge response ahead of the company’s full-scale rollout, which will now include cannabis oils.
Initial feedback from the Grower’s Circle has, according to the company, been extremely positive.
Now, TGOD’s Unite Organic Cannabis Oil will begin shipping later this month.
Are you excited to see where TGOD stock goes from here? Will the sales of its cannabis oil be a catalyst for major stock growth?
What do you think?
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