Shop now!

Canadian Cannabis Company The Green Organic Dutchman Completes Much Anticipated IPO

As the cannabis industry continues to grow in North America, investors are flocking to the sector looking to profit off that growth. And now a new IPO shows just how far the industry has come.

The Green Organic Dutchman (TGOD) completed its initial public offering (IPO) on the Toronto Stock Exchange. The IPO grossed over $115 million for TGOD.

TGOD is a Canadian cannabis producer that's dedicated to growing all-natural marijuana. Their products are laboratory tested to ensure their organic products are high quality. The company owns a 970,000 square foot facility that's capable of producing 116,000 kilograms of cannabis.

Cannabis companies completing IPOs is still relatively new, as the industry has only recently gained legitimacy in the eyes of many investors. The TGOD IPO is notable because it didn't follow the trajectory of other cannabis companies. Last year, MedReLeaf's IPO stumbled out of the gate when share prices for the company dropped on the day of their offering. But TGOD's share prices stayed consistent today, which many view as a positive sign for other cannabis companies planning their own IPOs for later this year.

And with Canada legalizing recreational cannabis later this year, the industry is set for some major growth in the near future, meaning this could be an excellent time for investors to buy in.

(h/t GlobeNewsWire)


There are so many strains of marijuana available it can be nearly impossible to figure out which one is right for you. And sure, a knowledgeable budtender could point you in the right direction, but we think we've figured out a better method for choosing a marijuana strain. Take our quiz below to find out which cannabis strain is your true soulmate.

Can we see some ID please?

You must be 19 years of age or older to enter.