TGOD stock is gaining momentum in the early session on Thursday after The Green Organic Dutchman (TSX:TGOD) (OTCQX:TGODF) announced the launch of its global strategic hemp division.
Major Expansion
The Green Organic Dutchman Holdings has been one of the biggest players in the cannabis market for quite some time, and today, the company made another major announcement. TGOD announced that it has launched a Global Strategic Hemp Division by way of which it will expand into the international organic hemp market in a big way. The company has previously entered the thriving European hemp market through joint ventures and has enough experience to ramp up its expansion plans substantially.
Back in 2018, the company acquired the company HemPoland, which is expected to be the company’s springboard for significant expansion into the wider hemp market. HemPoland’s experience in the European CBD market, as well as its research and development capabilities, will be the company’s biggest strength in this venture. TGOD’s Global Strategic Hemp Division will try to expand into territories in Canada, Jamaica, Poland, Mexico, and the United States.
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TGOD stock is trading 3% higher at $3.37 on the TSX, while TGODF stock is up 2.25% at $2.54 on the OTCQX market.
Following this sort of news, it is always tempting to make an investment in a company that is making major moves in a rapidly growing sector. But it's also important to take a look at the pros and cons of investing in a company like The Green Organic Dutchman. The company primarily deals in premium category cannabis and produces in high volumes, which is why it is possible for it to maintain significant margins. If it can continue to do so for a significant period of time, then it is definitely a company worth looking at for investors.
Additionally, TGOD’s international presence is a strong argument in its favor. It is also getting into the beverages and edibles market in a big way. Many analysts do believe that the company is trying to do too many things at the same, but this is not necessarily a negative thing—that's up to you to decide.
TGOD stock is of the notable gainers so far in 2019, with a jump of 30%.
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