The past few months in the marijuana stock market have shaped up to be quite influential on the future of the market. With so many changes occurring throughout the space, it can at times be difficult to keep up with where cannabis could be headed. While it may seem complicated at times, it appears as though there are several companies that continue to move to the forefront of the market. These companies may not be the largest growers of the substance, but they are able to offer an alternative investment in a market that can sometimes be viewed as limited.
The Green Organic Dutchman (TGODF) (TGOD) is one of the largest growers of marijuana in the whole of the Canadian landscape. The company has continued on their quest to produce some of the highest quality organic cannabis available to the medicinal market. Not only are they one of the larger suppliers in the domestic space, but The Green Organic Dutchman has also moved into other markets such as Europe, the Caribbean, and Latin America. In addition to their growth of medicinal marijuana, the company is also in the production of adult use cannabis as well as various hemp and CBD-related products. All of this just goes to show their commitment to growth into the coming future.
Recently, the Green Organic Dutchman stated that they have entered into a supply agreement with Alberta Gaming, Liquor, and Cannabis. This agreement should help them to move deeper into the Western Canadian marketplace as well as becoming an important part of the cannabis ecosystem. Brian Athaide, CEO of TGOD stated that “Alberta is an important market for us as we continue to expand our distribution channels across Canada. With our production facilities in Hamilton, Ontario, Valleyfield, Quebec coming online in phases, we are thrilled to start distributing TGOD’s premium certified organic cannabis to AGLC.”
Currently, The Green Organic Dutchman stands as the largest producer of 100% licensed organic cannabis flower and oil within the whole of Canada. This is quite a big milestone and has continued to attract a large range of attention to the business. The agreement mentioned prior should help the company to become one of the more prominent growers of marijuana as they move on their quest into the international landscape.
Supreme Cannabis (NASDAQOTH:SPRWF) is another one of the large growers of marijuana that has been working with a high valuation. Currently, they stand as one of the most notable companies in the cannabis market due to their attractive valuation.
The company has stated that they have supply agreements in around eight provinces throughout Canada, which has helped their revenue to shoot up by as much as 63% quarter over quarter. Although their product quality is quite high, the company has managed to keep costs at a bare minimum, which has helped to grow margins and take them to the top. The hopes are that they can continue on the journey to taking over the Canadian marijuana market.
Rate this article:
Select ratingGive June ushers in a new month for marijuana stocks 1/5Give June ushers in a new month for marijuana stocks 2/5Give June ushers in a new month for marijuana stocks 3/5Give June ushers in a new month for marijuana stocks 4/5Give June ushers in a new month for marijuana stocks 5/5
Authored By: Marijuana StocksArticle category: Marijuana Business NewsRegional Marijuana News: Canada
READ MORE: https://420intel.ca/articles/2019/06/04/june-ushers-new-month-marijuana-stocks