The Green Organic Dutchman Holdings Ltd. (TSX:TGOD), one of the Canadian marijuana stocks, said it has received a second organic certification at its Hamilton facility
SmallCapPower | March 8, 2019: The Green Organic Dutchman Holdings Ltd. (TSX:TGOD), one of the Canadian cannabis stocks, Tuesday announced that it has received organic certification from Pro-cert Organic Systems, marking the second time the Company has been certified for its organic process at Hamilton facility by a well-known certification body. TGOD’s cannabis initially got certified by ECOCERT, one of the pre-eminent organic certification bodies in the world. Post receiving the certification, Green Organic Dutchman can use the Pro-cert logo on its packaging to convey the organic point of difference to consumers.
Pro-Cert is a prominent North American certification body, which provides global recognition to producers, processors and traders. Pro-Cert’s certification programs are ISO 17065 compliant and accredited, providing international access to certified products and brands.
Green Organic Dutchman aims to maintain the highest standards of organic cultivation of cannabis, using organic soil, which is free from synthetic fertilizers, herbicides or pesticides. The Company is the largest licensed producer of 100% certified organic cannabis in Canada. As per a study conducted by Hill & Knowlton, over 50% of recreational consumers said it was important that their cannabis was organic, while 63% medical patients indicated the same. Demand for organic cannabis should grow rapidly as consumers are becoming aware of the ill-effects of synthetic products such as fertilizers and pesticides. TGOD’s cannabis would likely attract attention from health-conscious consumers and the Company is well poised to take advantage of its organic certifications.
Green Organic Dutchman Director and CEO Brian Athaide said, “Certified-organic provides consumers with the best cannabis experience, and the entire TGOD organization is committed to that standard. The certification from Pro-Cert, along with the earlier certification from ECOCERT, means that both leading organic certification bodies have approved our process. This is testimony to the work of David Bernard-Perron, Vice President, Growing Operations, and the entire cultivation and Operations team in Hamilton.”
The Green Organic Dutchman Holdings stock currently trades at a market capitalization of C$1.2 billion with a price-to-book multiple of 3.3x.
Disclosure: Neither the author nor his family own shares in the company mentioned above.
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