TGOD really powering through. Positive news for ACB. Green Organic Dutchman Holdings Ltd (TSE: TGOD) (OTCMKTS:TGODF) is trading precipitously higher over the past couple of sessions, breaching the important $5.00/share level earlier today. The premium organic cannabis LP is showing uncommon strength not yet a month into its initial public offering (IPO) listing, as well as general sector outperformance.
The main catalyst appears to be an under-the-radar press release disseminated by TGOD yesterday morning. The company announced it had entered into an exclusive agreement with Stillwater Brands to license its 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. It also overcomes the problem of dissolve-ability, in which CBD and THC are notoriously hydrophobic.
https://midasletter.com/2018/05/the-green-organic-dutchman-tgod-explodes-to-new-post-ipo-highs/
Chart is on a bullish trend.