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Green Organic Dutchman sees surge in demand for organic cannabis at Ontario Cannabis Store

The company's high-THC strain has performed so well that the OCS has purchased a second order

Gloved hands holding cannabis plants
The company plans to distribute to other provinces in the coming months and launch nationally in early 2020

The Green Organic Dutchman Holdings Ltd (TSE:TGOD) (OTCMKTS:TGODF) said that demand for its organic cannabis has exceeded its expectations since its launch in Ontario in end-August. 

In a statement Thursday, the company said that its high-THC signature strain, known as Unite Organic, has performed well enough online and in dispensaries that the Ontario Cannabis Store purchased a second order earlier than expected. 

"We are thrilled to witness such strong sales and positive feedback from retailers and consumers across Ontario, Canada's most populous province at 14.32 million people,” CEO Brian Athaide said in a statement. “We can see from the initial response that demand for high-quality flower is strong."

READ: Green Organic Dutchman and Caliper Foods report positive study results from water-soluble CBD technology

Athaide added that the company plans to distribute to other provinces in the coming months and launch nationally in early 2020.

On September 3, TGOD announced it had received approval from Health Canada to expand operations at its 123,000-square-foot hybrid greenhouse in Hamilton, Ontario. A second facility is being constructed at its flagship location in Valleyfield, Quebec.

Contact Andrew Kessel at [email protected] 

Follow him on Twitter @andrew_kessel

Quick facts: Green Organic Dutchman Holdings Ltd.

Price: 0.55 CAD

Market: TSX
Market Cap: $172 m

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