The marijuana industry has seen a large amount of incremental shifts over the course of the past few months. In that time, we have not only seen legislation change, but we have also seen the world become more accepting of the miracle substance.
This has led to one of the most inviting investor spaces that we have seen, which has helped to bring market capitalizations even higher. The hopes are high that the industry can continue to flourish as companies move forward with the production of new groundbreaking products.
The Green Organic Dutchman (TGODF) (TGOD) is one of the leading producers of organically made cannabis. The company has continued to make headlines for their commitment to high quality and ensuring their customers are getting the best product available.
Some studies have shown that the company could see as much as 40% growth in the near future. This number does coincide with the rapid expansion of the marijuana industry as a whole which makes it even more enticing.
Currently, The Green Organic Dutchman has a market cap north of $900 million which puts them in the upper reaches of the cannabis market. The company has also stated that they have the potential to grow as much as 219,000 kilograms of the substance by next year when operating at full capacity.
The Green Organic Dutchman also recently signed a distribution agreement with the company Phillipe Dandurand Wines’ Velvet Management, which is the largest distributor of wine in the whole of Canada.
Additionally, the company has stated that they have a very large interest in moving into the International market on cannabis. The company has been working to move into Mexico and Denmark, as well as purchasing a 49% stake in the Jamaican cannabis company Epican.
Also of note, they have been working in Poland with the acquisition of HemPoland to begin the production of CBD products as well as the growth of hemp itself.
With so much in the works, it looks as though The Green Organic Dutchman has a very bright future ahead.
Investors should continue to keep a close eye on the company as they make moves that align with their advantageous plans for success.
HEXO Corp. (NYSEMKT:HEXO) is another large Canadian producer of cannabis. The company has become a massive player in the adult-use recreational marijuana market which they have done through a very large supply agreement with the province of Quebec.
With as much as a 30% share in the recreational marijuana market in Quebec, they look like they equally have a bright future ahead.
Last quarter, the company stated that they have grown year-over-year by a staggering 1,269%. This type of growth may be unheard of in other markets, but for cannabis, it is quite normal.
With Canada working to begin legalizing the use of edibles and beverages in the coming months to a year, it looks like HEXO Corp. could potentially capitalize even more on this budding market.