TGOD.TO - The Green Organic Dutchman Holdings Ltd.

Toronto - Toronto Delayed Price. Currency in CAD
0.8900
+0.1600 (+21.92%)
At close: 4:00PM EST
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Previous Close0.7300
Open0.7700
Bid0.8900 x 0
Ask0.9000 x 0
Day's Range0.7650 - 0.9300
52 Week Range0.6200 - 5.8100
Volume6,947,723
Avg. Volume2,912,125
Market Cap245.58M
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
EPS (TTM)-0.2520
Earnings DateNov 14, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est2.44
  • The Green Organic Dutchman Expands Canadian Distribution
    PR Newswire

    The Green Organic Dutchman Expands Canadian Distribution

    TORONTO, Nov. 19, 2019 /PRNewswire/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TGOD.TO) (TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that it has received orders from Alberta, Manitoba and Nova Scotia to be shipped this month, significantly expanding its Canadian distribution footprint. The Company is also launching two new strains in Ontario as well as the world's first organic cannabis certification program for budtenders.

  • Market Exclusive

    Cannabis Stock News Roundup November 15

    The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US: TGODF) reported its financial and operational results for the three and nine months ended September 30, 2019. The company experienced a loss of C$20.1 million for the third quarter. The important move TGOD made in the quarter was entering the recreational market with a small pilot in Ontario. […]The post Cannabis Stock News Roundup November 15 appeared first on Market Exclusive.

  • The Green Organic Dutchman Reports Q3 2019 Results
    CNW Group

    The Green Organic Dutchman Reports Q3 2019 Results

    TORONTO , Nov. 14, 2019 /CNW/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TGOD.TO) (TGODF) is pleased to report its financial and operational results for the three and nine months ended September 30, 2019 . Continued construction of its Ancaster and Valleyfield facilities, investing $104 million in capital expenditures during the quarter. Valleyfield Phase 1 consists of six zones and its production will be shipped to Ancaster for processing.

  • Benzinga

    Green Organic Dutchman Announces $77M Funding Package

    The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (OTC: TGODF) announced Thursday it has signed arrangements for up to CA$103 million ($77.6 million) in funding that consists of a sale-leaseback agreement for the Ancaster Energy Centre, a convertible equity note term sheet and a construction mortgage loan term sheet. The sale-leaseback agreement for the Ancaster Energy Centre will generate proceeds of CA$23 million, the company said. The company also signed a term sheet with an investment fund for a $30-milion note with a 5% coupon, convertible into shares of The Green Organic Dutchman.

  • MarketWatch

    Green Organic Dutchman secures financing for up to C$103 million

    Canadian cannabis company The Green Organic Dutchman Holdings Ltd. said Thursday it has signed agreements that give it up to C$103 million ($77.6 million) in financing. The news comes after the Toronto-based company said in October it would cut costs and adopt a plan to reduce its financing needs as it grapples with a smaller-than-expected Canadian market. The company been working to find alternative financing to raise the funds needed to complete construction of some of its facilities, after the financing on offer was prohibitively expensive. Green Organic Dutchman now says it has a financing package composed of a sale-leaseback of its Ancaster Energy Centre; a construction mortgage loan term sheet; and a convertible equity term sheet. The 10-year sale-leaseback arrangement has given the company proceeds of C$23 million. The mortgage loan term sheet is for C$40 million and is secured by the Ancaster facility along with Valleyfield. The convertible term sheet is for $30 million U.S. dollars and has a 5% coupon. The company will use the funds to complete construction of the processing facility at Ancaster and to complete construction of six zones in its Valleyfield hybrid greenhouse. U.S.-listed shares were not yet active premarket, but have fallen 61% in 2019, while the ETFMG Alternative Harvest ETF has fallen 28% and the S&P 500 has gained 23%.

  • The Green Organic Dutchman Signs Arrangements for Up to $103 Million in Funding
    PR Newswire

    The Green Organic Dutchman Signs Arrangements for Up to $103 Million in Funding

    TORONTO, Nov. 14, 2019 /PRNewswire/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TGOD.TO) (TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that it has signed arrangements for up to $103 million in funding. The financing package consists of three elements: a definitive agreement for a sale-leaseback of the Ancaster Energy Centre; a construction mortgage loan term sheet; and a convertible equity note term sheet.

  • The Green Organic Dutchman Holdings to Release Third Quarter 2019 Earnings Results After Market Close on November 14, 2019
    CNW Group

    The Green Organic Dutchman Holdings to Release Third Quarter 2019 Earnings Results After Market Close on November 14, 2019

    The Green Organic Dutchman Holdings to Release Third Quarter 2019 Earnings Results After Market Close on November 14, 2019

  • Pot Financing Gets More Expensive Just When It’s Needed Most
    Bloomberg

    Pot Financing Gets More Expensive Just When It’s Needed Most

    (Bloomberg) -- The rout in pot stocks is taking its toll on companies’ ability to raise money, just when they need it most.Hexo Corp. announced Wednesday that it will pay an annual interest rate of 8% on C$70 million of unsecured convertible debentures that will mature in three years.That tops the 5% Tilray Inc. pays for its $450 million of convertibles maturing in 2023, and the 5.5% coupon on Aurora Cannabis Inc.’s $345 million maturing in 2024.It’s not a shock that Hexo has to pay more, as the company recently lost its chief financial officer, withdrew its 2020 guidance and delayed its earnings release.Broader TroublesBut CIBC analyst John Zamparo said he was surprised by the “necessity, timing and terms” of the fund raising in the midst of a “very capital-constrained market for the cannabis industry.” The conversion price of C$3.16 a share is a 10% discount to Hexo’s closing share price on Wednesday, while the five most recent convertible debt deals in the sector had an average premium of 16%.“We struggle to reconcile this difference,” Zamparo said in a note. “We also believe it is fair to wonder whether this type of deal is best negotiated at a time when the company’s CFO has been in the role for less than one month.”It’s indicative of the broader troubles that are plaguing the cannabis sector as stocks have fallen by more than 50% on average since their March highs.Green Organic Dutchman Holdings Ltd. said earlier this month that it’s been unable to secure traditional sources of financing “on acceptable terms” and is slowing down construction of its greenhouse in Valleyfield, Quebec, until it can raise the money it needs.And there are likely to be plenty more companies in the same boat, according to Craig Behnke, equity analyst at trade publication Marijuana Business Daily.A study of 30 pot firms’ operating cash flow, capital expenditures, balance sheets and debt payable in 2020 found that nine had one and a half years or less of cash on hand. These companies will likely “have to meaningfully alter their expansion plans, reduce their guidance or raise very expensive capital if they are going to continue on their path,” Behnke said in an interview.Of the companies Behnke studied, MedMen Enterprises Inc. had the least cash coverage, followed by Acreage Holdings Inc. and CannTrust Holdings Inc. Hexo was in the middle of the pack with 2.2 years worth.(Adds analyst comment in paragraphs 5-6)To contact the reporter on this story: Kristine Owram in Toronto at kowram@bloomberg.netTo contact the editors responsible for this story: Jacqueline Thorpe at jthorpe23@bloomberg.net, ;Brad Olesen at bolesen3@bloomberg.net, Chris FournierFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Market Exclusive

    Cannabis Stock News Daily Roundup October 22

    Namaste Technologies (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) has entered into a secured convertible loan agreement with Choklat, a private chocolate manufacturer in Alberta. "We're investing in Choklat to ensure they're able to maximize the pending market opportunity for edibles," stated Meni Morim, the CEO of Namaste. The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US: TGODF) unveiled […]The post Cannabis Stock News Daily Roundup October 22 appeared first on Market Exclusive.

  • Cannabis stocks a sea of red as Green Organic’s financing woes weigh
    MarketWatch

    Cannabis stocks a sea of red as Green Organic’s financing woes weigh

    Cannabis stocks were a sea of red on Friday, weighed down by Green Organic Dutchman’s 14% decline after it said it would cut costs and adopt a plan to reduce its financing needs as it grapples with a smaller-than-expected Canadian market

  • MarketWatch

    Green Organic Dutchman shares slide 4.7% after company says to cut financing needs

    The Green Organic Dutchman Holdings Ltd. said Friday it is planning to reduce its financing needs while maintaining a path to profitability, as it struggles with a slower legal market conversion than originally expected. The Toronto-based cannabis company said earlier in October that it was reviewing financing options for the funds needed to complete construction of faciities in Ancaster, Ontario and Valleyfield, Quebec, after the financing on offer was prohibitively expensive. The company has now hired an adviser and plans to scale back its selling, general and administrative expenses and adopt a new construction and operating plan. The Ancaster plant is now complete and the the Quebec facility will be built in smaller phases. The company estimates that it needs C$70 million ($53 million) to C$80 million between now and the end of the second quarter of 2020 to carry out the plan. "With the current Canadian legal market being smaller than initially anticipated, mainly due to a slow rollout of retail locations in key provinces, we believe that our revised plan will allow TGOD to right size its production to capture the organic segment, while maintaining optionality to quickly accelerate and expand as more retail locations begin to open," Chief Executive Brian Athaide said in a statement. U.S.-listed shares fell 4.7% on the news and are down 44% in 2019. The ETFMG Alternative Harvest ETF has fallen 19% in 2019, while the S&P 500 has gained 19%.

  • The Green Organic Dutchman Unveils New Strategic Plan to Reduce Financing Requirements While Maintaining Near Term Path to Profitability
    CNW Group

    The Green Organic Dutchman Unveils New Strategic Plan to Reduce Financing Requirements While Maintaining Near Term Path to Profitability

    TORONTO , Oct. 18, 2019 /CNW/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TGOD.TO) (TGODF), a leading producer of premium certified organic cannabis, today unveiled a new strategic plan, including a series of actions to reduce the Company's financing requirements while maintaining its path to profitability.  These actions will result in increased agility, lower capital requirements and an optimal production capacity to serve the organic segment. "These actions are logical next steps in TGOD's road to profitability.  While we are committed to – and our strategy continues to leverage – our unparalleled scale as an organic producer as well as our international assets, we have identified areas where our scale would not provide for meaningful returns in the near term given the slower pace of legal market conversion.  We will optimize our operating efficiency by deferring excess capacity and expenses, whether they center on production facilities, international expansion projects or technology," commented Brian Athaide , CEO of TGOD.

  • CNW Group

    The Green Organic Dutchman Provides Update on Credit Financing

    TORONTO , Oct. 9, 2019 /CNW/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TGOD.TO) (TGODF), a leading producer of premium certified organic cannabis, announces that it is reviewing financing alternatives in order to complete construction at its facilities in Ancaster, Ontario and Phase 1a at Valleyfield, Quebec . As previously disclosed, the Company had been engaged in discussions for ordinary course commercial bank facilities and equipment leasing. The Company currently has no debt and $56.7 million in cash available in Canada , including $40.2 million in restricted cash allocated to capital expenditures.

  • 7 Marijuana Stocks With Critical Levels to Watch
    InvestorPlace

    7 Marijuana Stocks With Critical Levels to Watch

    [Editor's note: This story will be updated each week with new stocks and analysis. Please check back often for Mark's latest take on marijuana stocks.]Technical analysis has a bad reputation. This is unfortunate, but probably well deserved. Most of the research that I see, especially technical analysis of marijuana stocks, isn't very good. Much of it is downright terrible. And even after extensive research, the academic community still doesn't seem to have a definitive take on the practice.Most analysts look at charts and mindlessly try to identify patterns without actually understanding what they are supposed to mean. Even worse, some analysts are proponents of bizarre techniques like Elliot Waves or Gann Theory. In my opinion, these methods are like UFOs and Bigfoot. Sure…they may be fun to talk about but they are not real. Professional institutional traders do not use them.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhat is real is the fact that in financial markets there are certain levels that are more important than others with regards to the amount of supply and demand that exists at them. In addition, in financial markets prices are always doing one of three things. They are either going up, going down, or staying the same. If understood and applied correctly technical analysis should allow you to identify these important levels and trends. This knowledge will benefit your investment style, regardless of what it is. * 7 Next-Gen Growth Stocks to Buy for Long-Term Gains The action in many of the cannabis equities has been very weak. Many of the stocks in this sector are testing or have broken important support levels. Aphria Inc (APHA)Aphria Inc (NYSE:APHA) produces and sells medical cannabis in Canada and international markets.APHA stock broke support around the $6 level. This level was also support during the middle and then again at the end of August. If it continues to head lower there may be some support around the $5.20 level because it was where the low was in early August.The $6 level will probably now become a resistance level. This is because the investors who bought it when it was a support level are looking at losses now that the stock is lower. They tell themselves that if it rallies back to the level, they will sell their stock so that they can get out at breakeven.Those who sold it short at the support level are making money now that it is lower. They tell themselves that if it rallies back, they will short more and add to their positions. Both of these groups of investors will place their sell orders at the $6 level and this supply of stock creates resistance. Canopy Growth (CGC)Canopy Growth (NYSE:CGC) produces, distributes, and sells cannabis in Canada. It has a market cap of $8.7 billion.CGC stock has broken the $26.60 level which was the lower side of its recent range. It will probably become a short-term resistance level.If the stock continues to head lower there is a good chance that it will find support around the $23 level. This is because it is where the recent lows were in late August and early September.Levels that were support in the past tend to become support again because those who wanted to buy the stock at the level and didn't vow to themselves that if it drops back to the level, they won't miss it. This time they will buy it. * 7 High-Yield Dividend Stocks Set for Growth Those who shorted it at the level are looking at a loss when it rallies and goes higher. They tell themselves that if it comes back to the level then they will cover and close out the position at breakeven. This demand for the stock is what creates support at the level. Cronos Group Inc (CRON)Cronos Group Inc (NASDAQ:CRON) produces and sells cannabis in Canada and Germany. Its current market cap is about $3.5 billion.CRON stock just broke support around the $10.75 level and has dropped by over 10%. The $10.75 level was the bottom of the range over the past month, and it will probably become a resistance level. This move puts CRON back into a continuation of a longer-term downtrend that began in late March when it was trading around $24 a share. Since then the price has dropped by over 50%.This stock may drop much further. I don't see any clear support levels anywhere near current levels.Cronos continues to be hurt by its lack of leadership. The current CEO is only temporary and the Board of Directors has not yet selected a new person to run the company. KushCo Holdings, Inc (KSHB)KushCo Holdings, Inc (OTCMKTS:KSHB) produces and distributes packaging supplies. After the recent decline of the stock its market cap is $205 million.KSHB stock continues its freefall. It could be getting close to a capitulation which may mean that it could have a reversal and rally. Capitulation means that the sellers do not care about the price that they will receive for their shares. They just want their brokers to sell them. They want out at all costs so they can end the misery of watching the stock go lower everyday. * 7 Worst Stocks in the S&P 500 in 2019 This type of selling typically leads to large volatility and a large amount of volume trading. That is starting to happen here. The volume over the past few days has been very large and the stock is gapping down. Aurora Cannabis Inc (ACB)Aurora Cannabis Inc (NYSE:ACB) is a Canadian based company that grows are sells medical marijuana, indoor cultivation systems, and hemp related food products.After a weak earnings report and some analyst downgrades ACB stock has been in a freefall over the past three weeks. On the day of its biggest drop, it found support around the $5.50 level. There was support there because it is where the low was in early September. Now the stock has broken support around the $5 level. There was support at this level because it is where the lows were at the end of last year. It is also an important level psychologically. People like to buy stocks at nice round levels. It will now probably become a resistance level. * 5 Stocks to Buy That Could Double in 2020 ACB is oversold so there is a good chance that it has a relief rally soon. The last three times that it was this oversold a rally followed. The term oversold refers to momentum. Momentum is a measure of where the stock is today verses where it was X may days ago. When this number becomes an extreme difference from the mean to the downside it is considered oversold. Tilray, Inc (TLRY)Tilray, Inc (NASDAQ:TLRY) engages in the research, cultivation, processing and sale of cannabis. Its current market capitalization is $2.6 billion.TLRY stock has broken the bottom of its recent range and has been heading lower. Short-term, there may be some support around the $25.20 level because this is where the recent low was in early September. Longer-term, if the stock continues to drop there will probably be some meaningful support around the $22 level. This is because this is where the stock hit the market last summer when it wen public.The cannabis industry is entering a consolidation period where I believe we will see a large amount bankruptcies, mergers and acquisitions. This company may be a takeover target because it recently acquired a huge block of shares that it will try to sell over the next two years. A strategic partnership is probably the most realistic way of doing this. CannTrust Holdings, Inc (CTST)CannTrust Holdings, Inc (NASDAQ:CTST) produces and distributes medical and recreational cannabis in Canada. At least it used to. The survival of this company is doubtful. If you follow the cannabis industry, you are probably familiar with the CannTrust story. CannTrust, now better know as Can't Trust, got caught growing cannabis in unlicensed grow rooms after a disgruntled employee tipped of the authorities.As is typically the case nowadays the management of the company discussed their illicit activities and detailed emails that the have been seized.Then it turned out that CannTrust was using illegal seeds to grow in legal grow rooms which resulted in illegal cannabis being sold in the legal markets. * 7 Next-Gen Growth Stocks to Buy for Long-Term Gains It should come as no surprise that this week Health Canada has suspended in license. Now the company will have to bear the costs of acquiring and probably ultimately having to destroy the cannabis that it has sold. I am not so sure that this company will be around for much longer.At the time of this writing Mark Putrino did not have any positions in the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cloud Stocks to Invest in the Future * 7 Next-Gen Growth Stocks to Buy for Long-Term Gains * 7 Cheap Stocks That Ought to Consider a Sale The post 7 Marijuana Stocks With Critical Levels to Watch appeared first on InvestorPlace.

  • The Green Organic Dutchman Hosts Analyst Site Visit at Hamilton and Valleyfield Facilities
    PR Newswire

    The Green Organic Dutchman Hosts Analyst Site Visit at Hamilton and Valleyfield Facilities

    TORONTO, Sept. 19, 2019 /PRNewswire/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TGOD.TO) (TGODF), a leading producer of premium certified organic cannabis, is pleased to announce that it is hosting site visits for analysts at its Hamilton and Valleyfield facilities on September 19-20. Beyond construction timelines, for the first time the Company is sharing Canadian production ramp-up and other updates which are available on TGOD's website at www.tgod.ca.

  • What Kind Of Shareholders Own The Green Organic Dutchman Holdings Ltd. (TSE:TGOD)?
    Simply Wall St.

    What Kind Of Shareholders Own The Green Organic Dutchman Holdings Ltd. (TSE:TGOD)?

    A look at the shareholders of The Green Organic Dutchman Holdings Ltd. (TSE:TGOD) can tell us which group is most...