|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.4942 - 0.5631|
|52 Week Range||0.4690 - 4.3800|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
TORONTO, Nov. 19, 2019 /CNW/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TSX:TGOD.TO - News) (US:TGODF - News), 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.
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (17,025.11, down 3.36 points.)Aurora Cannabis Inc. (TSX:ACB). Health care. Down 59 cents, or 16.43 per cent, to $3.00 on 28.7 million shares.Encana Corp. (TSX:ECA). Energy. Down 26 cents, or 4.51 per cent, to $5.50 on 6.8 million shares.Aphria Inc. (TSX:APHA). Health care. Down 62 cents, or 10.97 per cent, to $5.03 on 6.7 million shares.The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Down five cents, or 7.14 per cent, to 65 cents on 5.6 million shares.OceanaGold Corp. (TSX:OGC). Materials. Up six cents, or 2.31 per cent, to $2.66 on 4.1 million shares.Canopy Growth Corp. (TSX:WEED). Health care. Down $1.51, or 7.44 per cent, to $18.78 on 4 million shares. Companies in the news:Canadian National Railway. (TSX:CNR). Down 18 cents to $123.76. About 3,200 Canadian National Railway conductors, trainpersons and yard workers could go on strike just after midnight tonight in a job action that would affect freight services if a deal isn't reached with the company. Passenger rail services in the country's three biggest cities would not be affected, the union said. The Teamsters Canadian Rail Conference, the union representing the employees, gave the required 72-hour strike notice on the weekend. The union said it hopes to reach an agreement before the deadline to address safety and scheduling issues, but workers are prepared to walk off the job if their expectations aren't met.Aimia Inc. (TSX:AIM). Up 30 cents or 8.3 per cent to $3.93. Aimia Inc. has reached a deal with a group of dissident shareholders to overhaul its board of directors, ending a drawn-out fight over control of the company. The agreement also includes a plan by the company to buy back up to $125 million worth of Aimia's shares by Dec. 30. The deal marks a partial surrender to the group led by Charles Frischer, who had sought to overthrow half of Aimia's eight-member board, and to Philip Mittleman, the company's largest shareholder who was locked in a court battle with Aimia. All of the company's directors excluding Mittleman and chief executive Jeremy Rabe have confirmed they will not stand for election to the board at the company's 2020 annual meeting, to be held before May.Western Forest Products Inc. (TSX:WEF). Down four cents or 3.1 per cent to $1.23. Western Forest Products Inc. says negotiations with the United Steelworkers union representing workers in a long-running coastal B.C. strike ended without resolution on the weekend. The company says no active negotiations are occurring and no future mediation dates have been scheduled after 14 hours of bargaining occurred on Saturday and Sunday supervised by two independent mediators. CEO Don Demens says the mediators informed the company talks were over after it presented a contract offer. The strike which began July 1 affects about 3,000 coastal forest workers employed in Western Forest Products' sawmills and timberlands operations.Barrick Gold Corp. (TSX:ABX). Up 42 cents or 1.9 per cent to $22.33. Shares in Barrick Gold Corp. rose on Monday after the company announced plans to sell its 50 per cent non-operating interest in an Australian gold mine for US$750 million in cash. The deal to sell its stake in Kalgoorlie Consolidated Gold Mines in Western Australia — which includes the country's largest open pit gold mine, The Super Pit, as well as underground and processing works — to Australian gold miner Saracen Mineral Holdings Ltd. was announced on Sunday. This report by The Canadian Press was first published Nov. 18, 2019.The Canadian Press
MISSISSAUGA, Ont. — The Green Organic Dutchman Holdings Ltd. shares fell sharply in early trading following a $20.1 million third quarter loss for the cannabis company as the industry struggles to meet expectations.Its stock fell about eight per cent to 76 cents soon after the open at the Toronto Stock Exchange, on top of a 9.8 per cent decline on Thursday before the results were released.The Mississauga-based company says its loss increased from $11.3 million in the same quarter last year as costs rose from its expansion towards commercial production.The results worked out to a loss of seven cents per share for the quarter ending Sept. 30, up from a loss of four cents in the same quarter last year.The company says it invested $104 million in capital spending in the quarter, including the continued construction of two facilities in Ontario and Quebec.It announced in October that it was significantly scaling back the timeline of its project in Valleyfield, Que., to reduce its cash needs.Along with announcing its third quarter results, the company announced arrangements for up to $103 million in funding that includes the sale and leaseback of its facility in Ancaster, Ont.This report by The Canadian Press was first published Nov. 15, 2019.Companies in this story: (TSX:TGOD)The Canadian Press
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.
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.
TORONTO, Nov. 14, 2019 /CNW/ - The Green Organic Dutchman Holdings Ltd. (the "Company" or "TGOD") (TSX:TGOD.TO - News) (US:TGODF - News), 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 stock has lost 88% in market value in just over a year. Is the stock a buy after the massive fall?
TORONTO , Nov. 5, 2019 /CNW/ - The Green Organic Dutchman Holdings Ltd. ("TGOD" or the "Company") (TSX: TGOD) (US: TGODF), a leading producer of premium certified organic cannabis, ...
Green Organic Dutchman Holdings Ltd (TSX:TGOD) stock has been hit hard this year, but it's putting the pieces in place for a massive 2020.
(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 email@example.comTo contact the editors responsible for this story: Jacqueline Thorpe at firstname.lastname@example.org, ;Brad Olesen at email@example.com, Chris FournierFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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.
Each time cannabis companies like Canopy Growth Corp (TSX:WEED)(NYSE:CGC) post earnings, it gives investors a clearer view into the progress the industry is making toward growth and profitability.
The pot industry is growing at a rapid pace, but choosing winning stocks is getting harder. Learn what makes Green Organic Dutchman (TSX:TGOD) a sell and Cronos Group Inc (TSX:CRON)(NYSE:CRON) a buy.