Seeking increased name recognition and additional fundraising opportunities through U.S. investors, Ontario-based The Green Organic Dutchman Holdings (TSX: TGOD; US-OTC: TGODF) announced plans today to join the growing roster of Canadian producers trading on the NASDAQ.
An application to list common shares on the NASDAQ market was filed this morning, while the company will continue to trade on the TSX and OTC markets while awaiting regulatory approval.
Cannabis companies on both sides of the border have been consistently working towards moving up to higher-tier markets in the past year, with U.S. entity KushCo Holdings Inc. (OTCQX: KSHB) applying for the NASDAQ last month.
New Brunswick-based Organigram Holdings Inc. (TSX-V: OGI) meanwhile was approved to move up from the OTC markets to NASDAQ Select trading back in May.
After announcing the company’s plans to make the same shift in the near future, The Green Organic Dutchman Chief Executive Officer Brian Athaide commented:
TGOD currently focuses on supplying organic oil and dried flower cannabis to medical patients in Canada, and just successfully renewed a Health Canada license for the company’s Ancaster, Ontario facility.
A third greenhouse building is now under construction at that location, due for completion by the end of August, which will bump up the Ancaster production space to 166,000 sq. ft. of capacity.
Like a growing number of Canadian licensed producers, The Green Organic Dutchman is also currently eyeing the expanding international cannabis market as medical and recreational legalization efforts continue around the globe.
On that front, the company is currently in the process of acquiring eGMP certification to allow for global exporting of organic cannabis products.
In other company news, The Green Organic Dutchman is gearing up to release a Q2 2019 earnings report, which will arrive after market close on Aug. 13. In conjunction with that report’s official release, TGOD will host an investor conference call with CEO Athaide and CFO Sean Bovingdon the next day at 9am EST.
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