Green Organic Dutchman (TGOD.TO) (TGODF) Stocks Are Back in Action This Week

2021 has seen the resurgence of many cannabis stocks and much of that has been driven by a general optimism about the future of the sector. On Thursday, it was The Green Organic Dutchman (TGOD.TO) (OTC: TGODF) stocks that emerged as the notable gainers.

The stock soared by as high as 16% yesterday but it had nothing to do with the company’s business. The rally was triggered in reaction to the news that Canopy Growth reached an agreement for completing the acquisition of Supreme Cannabis in a deal worth C$425 million.

Back in March, The Green Organic Dutchman released its financial results for the fourth quarter of 2020 and also for the full year 2020. The company managed to generate revenues of as much as $10.92 million for the fourth quarter, which represented a year-on-year rise of 236% and a sequential rise of as big as 91%. The company stated that sales were boosted across its lines of products due to a rise in production.

Anthony Gonzales

Biotech, Tech, and Crypto reporterAnthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.

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