Shares of The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) have climbed since announcing an agreement with Stillwater Foods
SmallCapPower | June 1, 2018: The Green Organic Dutchman Holdings Ltd. (TSX:TGOD) announced on May 29, 2018, that it has signed an agreement with Stillwater Foods to license 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. Investors responded positively to the news, with the share price of Green Organic Dutchman Holdings surging over 13% and 17% on consecutive days.
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Stillwater Foods specializes in the processing, manufacturing and distribution of soluble cannabinoid-infused consumer packaged goods and ingredients. RIPPLE SC technology has already proven its value in Colorado as Ripple Dissolvables, which is among the fastest-growing products in the edibles category. RIPPLE SC technology also powers other high-end consumer brands such as Stillwater Tea and Whitewater Tea.
Green Organic Dutchman CEO Rob Anderson said, “We are excited to have the opportunity to provide a platform to introduce Stillwater’s advanced technologies and formulations worldwide using TGOD’s premium organic ingredients. This technology will allow Green Organic Dutchman to provide patients and customers around the globe with novel and effective dose-controlled delivery systems that are safer, more standardized, and more discreet than most current cannabinoid delivery systems.”
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Additionally, Green Organic Dutchman plans to offer Ripple Dissolvables, Stillwater Brands products and formulations in international markets outside of the U.S. where regulations allow, as well as in the Canadian market once permitted by the Canadian regulatory regime. Furthermore, Green Organic Dutchman intends to aggressively work on other formulations in the beverage, functional foods and dietary supplements areas, which will contemplate using RIPPLE SC as the base water-soluble cannabinoid input.
Since listing on May 2, 2018, Green Organic Dutchman shares have soared more than 50% to reach $5.48, from its IPO price of $3.65 per share, and now sports a market cap of $1.25 billion.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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