The Green Organic Dutchman

Last updated
The Green Organic Dutchman
CSE:  TGOD
Industry Cannabis
FoundersScott Skinner & Jeannette Vandermarel
Headquarters,
Canada
Website https://www.tgod.ca

The Green Organic Dutchman, headquartered in Mississauga, Ontario, is a cannabis industry company listed on the Toronto Stock Exchange. The initial public offering (IPO), completed on May 2, 2018, was the industry's largest to date, and raised over CAD$115 million. [1] [2] [3] In September 2021, the company's stock moved from the Toronto Stock Exchange to the Canadian Securities Exchange. [4]

Contents

Valleyfield greenhouse

Green Organic Dutchman's Valleyfield greenhouse is an 820,000-square-foot (76,000 m2) facility on Boulevard Gérard-Cadieux in Valleyfield, Quebec ( 45°14′02″N74°06′22″W / 45.234°N 74.106°W / 45.234; -74.106 ). [3] [5] Power rates the company secured were reported to be 4 cents per kilowatt-hour, attributed to the nearby Beauharnois Hydroelectric Generating Station. [6] The greenhouse, when completed, will be over twice the area of Tweed Farms, Canada's largest cannabis greenhouse in 2014. The Valleyfield greenhouse was still under "early phase" of construction in mid 2018. [7]

Related Research Articles

<span class="mw-page-title-main">Marijuana Party (Canada)</span> Political party in Canada

The Marijuana Party is a Canadian federal political party, whose agenda focuses on issues related to cannabis in Canada. Apart from this one issue, the party has no other official policies, meaning party candidates are free to express any views on all other political issues. Passage of the Cannabis Act in June 2018 legalized cannabis on 17 October 2018. However, the party is critical of some of the laws relating to cannabis since legalization and wants to see them changed or reformed. It also seeks to represent and advocate for the rights of cannabis consumers, growers, and small cannabis based businesses.

<span class="mw-page-title-main">Montreal Exchange</span> Derivatives exchange located in Montreal, Canada

The Montreal Exchange, formerly the Montreal Stock Exchange (MSE), is a derivatives exchange, located in Montreal, Quebec, Canada that trades futures contracts and options on equities, indices, currencies, ETFs, energy and interest rates. Since 1965, it has been located in the Tour de la Bourse, Montreal's third-tallest building. It is owned by the Toronto-based TMX Group.

<span class="mw-page-title-main">Salaberry-de-Valleyfield</span> City in Quebec, Canada

Salaberry-de-Valleyfield is a city in southwestern Quebec, Canada, in the Regional County Municipality of Beauharnois-Salaberry.

<span class="mw-page-title-main">Cannabis in Canada</span>

Cannabis in Canada is legal for both recreational and medicinal purposes. Medicinal use of cannabis was legalized nationwide under conditions outlined in the Marihuana for Medical Purposes Regulations, later superseded by the Access to Cannabis for Medical Purposes Regulations, issued by Health Canada and seed, grain, and fibre production was permitted under licence by Health Canada. The federal Cannabis Act came into effect on 17 October 2018 and made Canada the second country in the world, after Uruguay, to formally legalize the cultivation, possession, acquisition and consumption of cannabis and its by-products. Canada is the first G7 and G20 nation to do so.

<span class="mw-page-title-main">Quebec Route 201</span> Highway in Quebec

Route 201 is a north/south provincial highway within the Canadian province of Quebec, running between Route 202 in Franklin and Route 342 in Rigaud. Its total length is approximately 70 kilometres.

<span class="mw-page-title-main">Cannabis in British Columbia</span> Legality, use and culture of cannabis in British Columbia

Cannabis in British Columbia (BC) relates to a number of legislative, legal, and cultural events surrounding the use and cultivation of cannabis in the Canadian province of British Columbia. As with the rest of Canada, cannabis became legalized on October 17, 2018, following the enactment of the Cannabis Act, or Bill C-45. Prior to that, though the drug was illegal in Canada, its recreational use was often tolerated and was more commonplace in the province of BC as compared to most of the rest of the country. The province's inexpensive hydroelectric power and abundance of water and sunshine—in addition to the many hills and forests —made it an ideal cannabis growing area. The British Columbia cannabis industry is worth an estimated CA$2 billion annually and produces 36.6 percent of all Canadian cannabis. The province is also the home of the cannabis activist and businessman Marc Emery.

Marc-Boris St-Maurice is an activist, politician and Canadian musician, who has campaigned for many years for the legalization of cannabis, and to facilitate access to the drug for health reasons. He lives in Montreal, Quebec.

MedMen Enterprises, or MedMen, is a publicly-traded, United States-based cannabis company with operations in California, Nevada, Arizona, Florida, Illinois, New York, and Massachusetts.

<span class="mw-page-title-main">Canopy Growth</span> Canadian medical marijuana company

Canopy Growth Corporation, formerly Tweed Marijuana Inc., is a cannabis company based in Smiths Falls, Ontario.

CanniMed Therapeutics Inc. is a Canadian public licensed producer of medical cannabis. It is primarily focused on cannabis oil. The company's predecessor, Prairie Plant Systems, was established in 1988 and is located in Saskatoon, Saskatchewan. In 2013 CanniMed became the first cannabis producer to be licensed under Health Canada regulations that were issued that year. It went public in 2016, and in March 2018 almost all of its stock was acquired by a rival producer, Aurora Cannabis, following a hostile takeover to which company management finally consented.

<i>Cannabis Act</i> 2018 Canadian law legalizing recreational cannabis use

The Cannabis Act is a law which legalized recreational cannabis use in Canada in combination with its companion legislation Bill C-46, An Act to Amend the Criminal Code. The law is a milestone in the legal history of cannabis in Canada, alongside the 1923 prohibition.

<span class="mw-page-title-main">Hawthorne Gardening Company</span>

Hawthorne Gardening Company, formed in October 2014, is The Scotts Miracle-Gro Company's subsidiary for cannabis growers and one of the first major investments by a major United States corporation in the cannabis industry.

Aphria Inc., headquartered in Leamington, Ontario, is an international producer and distributor of medicinal and recreational cannabis. The company operates through retail and wholesale channels in Canada and internationally. Aphria is a main distributor of medical cannabis to Germany and has operations in over 10 additional countries outside of Canada. Aphria offers multiple products under a portfolio of recreational cannabis brands, including Good Supply, B!NGO, Solei, RIFF, and Broken Coast. In November 2020, Aphria acquired SweetWater Brewing Company, one of the largest craft breweries in the USA.

Aurora Cannabis Inc. is a Canadian licensed cannabis producer, headquartered in Edmonton. It trades on the Toronto Stock Exchange and Nasdaq as ACB. As of late September 2018, Aurora Cannabis had eight licensed production facilities, five sales licences, and operations in 25 countries. It had a funded capacity of over 625,000 kilograms of cannabis production per annum with the bulk of capacity based in Canada and a growing presence in international markets, particularly Denmark and Latin America. Aurora is the second largest cannabis company in the world by market capitalization, after Canopy Growth Corporation. The company began trading on the NYSE on October 23, 2018, using the ticker ACB.

Delta 3 greenhouse in East Ladner, southwest British Columbia, may be the world's largest cannabis greenhouse. As of 2018, the greenhouse is owned by Pure Sunfarms, a wholly owned subsidiary of Village Farms International. In early 2018, it was licensed to expand to 1,100,000 square feet (100,000 m2) (25 acres), enough to produce 75 metric tons of cannabis annually. The company owning the greenhouse has options to expand to another two greenhouses; combined they would produce 300 metric tons per year, equal to roughly half of Canada's entire recreational cannabis consumption at the time nationwide legalization commenced in 2018.

<span class="mw-page-title-main">Northwest Cannabis Solutions Satsop facility</span>

The Northwest Cannabis Solutions Satsop facility is a 50,000-square-foot (4,600 m2) indoor cannabis growing facility at the Satsop Business Park in Satsop, Washington occupied by Northwest Cannabis Solutions, the largest I-502 legal cannabis grower in the State of Washington. The two-story facility was built in 1980 as part of the canceled Satsop Nuclear Power Plant complex built by WPPSS, also called "Whoops!", and was leased from the new owner, Port of Grays Harbor by Northwest Cannabis in October 2016. When the company was preparing to move in, in late 2016–early 2017, three new transformers were installed to furnish 9,000 amps for 2,000 grow lights and a robust HVAC plant. Over six million dollars in improvements were made by the lessee, who executed a five-year lease with options to extend 45 more years.

Tilray Brands, Inc. is an American pharmaceutical, cannabis-lifestyle and consumer packaged goods company, incorporated in the United States, headquartered in New York City. Tilray also has operations in Canada, Australia, New Zealand, and Latin America, with growing facilities in Germany and Portugal.

Horizons ETFs Management (Canada) Inc. is a financial services company that offers exchange-traded funds. In April 2017, Horizons began offering the first cannabis industry focused exchange-traded fund (ETF), Horizons Marijuana Life Sciences Index ETF. The company is also the fourth-largest ETF provider in Canada, with more than CAD$24 billion in assets as of April 2023.

<span class="mw-page-title-main">Green rush</span> Economic events & activities following legalization of marijuana in the U.S.

The Green Rush (2012–present) is an ongoing global economic event that began on December 6, 2012, when cannabis was legalized in the US state of Washington; Colorado's legalization took effect four days later. While still illegal federally in the United States, the actions of these two state governments signaled the opening of a market projected to be worth US$48+ billion globally by 2027. As of 2019 the cannabis industry had created over 250,000 jobs. However, cannabis companies have been a mixed investment success, with many experiencing plunging stock prices, massive layoffs, and failure to meet investor expectations.

References

  1. Scott Deveau (March 23, 2018), "Marijuana grower Green Organic Dutchman said to raise $100 million in IPO", Financial Post, Bloomberg
  2. Keith Speights (May 20, 2018), "This Was the Biggest Marijuana IPO in History -- but Is the Stock a Buy?", Motley Fool
  3. 1 2 François Desjardins (16 September 2017), "Le Québec, terre promise des producteurs de cannabis" [Quebec, the promised land for producers of cannabis], Le Devoir (in French), Montreal
  4. "TGOD Announces Conditional Approval of Listing Application on the Canadian Securities Exchange and Pending Voluntary Delisting from the Toronto Stock Exchange" (Press release). CNW Group. August 26, 2021.
  5. Mario Pitre (19 January 2018), "Investissement de 150 M$ pour la production de cannabis - Saint-François", Journal Saint Francois (in French), Valleyfield, Quebec
  6. "Un important producteur de cannabis s'implante à Valleyfield", Journal Saint Francois (in French), Valleyfield, Quebec, 19 September 2017
  7. Mark Rendell (July 13, 2018), "Rejection of Hamilton-area expansion plan a setback for cannabis grower Green Organic", The Financial Post