The Green Organic Dutchman (TGOD) Explodes To New Post-IPO Highs
Green Organic Dutchman Holdings Ltd (TSE: TGOD) (OTCMKTS:TGODF) is trading precipitously higher over the past couple of sessions, breaching the important $5.00/share level earlier today. The premium organic cannabis LP is showing uncommon strength not yet a month into its initial public offering (IPO) listing, as well as general sector outperformance.
The main catalyst appears to be an under-the-radar press release disseminated by TGOD yesterday morning. The company announced it had entered into an exclusive agreement with Stillwater Brands to license its RIPPLE SC (Soluble Cannabinoids) ingredient technology. The product is a proprietary, patent-pending suite of water-soluble ingredient products that can be used to infuse cannabinoids into beverages and food products. It also overcomes the problem of dissolve-ability, in which CBD and THC are notoriously hydrophobic.
While other companies have developed similar products, Stillwater Brands is among the leaders in the space (a simple Google web search bears this fact out). TGOD also redefines the company as a premium refined goods producer, and not simply an organic farming entity. Should the stock make consistent headway above $5.00/share and forge a market capitalization into the 10-digits, greater institutional interest is sure to follow.
In light of euphoric investor response, a company to watch is Xanthic Biopharma Inc. (CNSX:XTHC) The company produces a similar THC powder compound which can be infused in water-based solutions. The company also has the ability to license-out production in existing partner facilities in a rapid, non-invasive and low-cost manner. All they need are a few thousand square feet in a licensed production facility.
A quick look at Xanthic’s price action won’t inspire anyone to act. The stock has been languishing at six week lows, since listing on the Canadian Securites Exchange on April 19. While TGOD’s press release was the catalyst which inspired technical buying above all-time highs, Xanthic will not experience any such luck.
However, it’s a story investors may want to keep their eye on. Infusable cannabinoids will definitely become a high-growth niche market, and other LPs will likely begin partnering-up. TGOD has simply raised the niche’s profile, and established a front-running position of their own.
Adding $150 million in market capitalization will tend to raise eyebrows—even if the Stillwater deal was only part of the equation.
Original article: The Green Organic Dutchman (TGOD) Explodes To New Post-IPO Highs
©2018 Midas Letter. All Rights Reserved.
Source: https://midasletter.com/2018/05/the-green-organic-dutchman-tgod-explodes-to-new-post-ipo-highs/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).