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High-flying cannabis firm The Green Organic Dutchman applies for Nasdaq listing

CEO Brian Athaide says this is an ‘important step’ in the growth of the cannabis company and will broaden its investor base

The Green Organic Dutchman Holdings Ltd - High-flying Green Organic Dutchman applies for Nasdaq listing
TGOD is close to completing construction of a third building at the Ancaster facility, which is expected to be a state-of-the-art hybrid greenhouse

The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) said Wednesday that it has submitted an application to list its shares on the tech-laden US Nasdaq market. 

The organic medical cannabis company’s shares will continue to trade on Toronto's TSX Exchange under “TGOD,” which is also the reserved symbol for the Nasdaq application.

Green Organic Dutchman CEO Brian Athaide said: "This is an important step in the growth of TGOD, one that will broaden our investor base and increase access for international investors as we build the leading global organic cannabis brand.”

Investors hailed the news, sending shares in the Green Organic Dutchman up nearly 6% higher to US$2.54 on the OTC Markets, and 5.9% higher to C$3.37 in Canada.

The company is building over 1.6 million square feet of cultivation and processing facilities across Ontario, Quebec, Jamaica and Denmark, and has a planned capacity of 219,000 kilograms.

It has organic hemp CBD oil operations in Canada, and through its wholly owned subsidiary HemPoland distributes premium hemp CBD oil in the European Union.

—Adds stock price—

Contact Uttara Choudhury at [email protected]

Follow her on Twitter: @UttaraProactive 

Quick facts: The Green Organic Dutchman Holdings Ltd

Price: 1.19 CAD

TSX:TGOD
Market: TSX
Market Cap: $327.78 m
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