VANCOUVER, British Columbia, March 12, 2019 (GLOBE NEWSWIRE) -- Cannabis sales have been soaring since legalization in Canada but there's a lot more to come as the industry continues to change. With more retailers opening for business and the edibles market likely coming online this year, there's going to be many more growth opportunities. Here are some of the hottest cannabis stocks right now that are positioning themselves to take advantage of the fast-growing retail market.
The Green Organic Dutchman Holdings Ltd (TSX:TGOD) (OTC:TGODF)
The Green Organic Dutchman, known as TGOD, is another company that's being aggressive in its pursuit of market share. Last month, the Company secured a supply deal with the Ontario Cannabis Retail Corporation, which currently operates the Ontario Cannabis Store (OCS) - the only way cannabis customers can legally obtain marijuana in the country's largest province at this time. The deal is a great way for TGOD to penetrate that market. While Ontario will open up the market in April to private retailers, just 25 will be permitted initially, meaning the OCS will still likely be generating a lot of traffic.
This represents the first of many provincial supply agreements planned for our premium organic product as our domestic facilities near completion and production increases throughout 2019
- Green Organic Dutchman CEO Brian Athaide
However, the Company isn't stopping there as this week it announced it reached a deal for an extraction services contract with Valens Groworks Corp (CSE:VGW) which will help with TGOD's hemp strategy, especially if it plans to expand into the U.S. market. Valens will help purify cannabis and help produce high-quality resins and distillates.
Organic resonates with consumers, and Valens looks forward to helping accelerate TGOD's time to market with the launch of its hemp-derived CBD product line in the coming months
- Valens CEO Tyler Robson
Read more at https://stockhouse.com/news/press-releases/2019/03/12/cannabis-stocks-that-could-see-significant-growth-in-retail#JT1X2CBdbCUvzQP8.99