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Wednesday, January 23, 2019 10:52:37 AM
The Green Organic Dutchman: Consensus target price 145% higher
Another grower finding plenty of love from Wall Street, at least based on the consensus price target, is The Green Organic Dutchman (NASDAQOTH: TGODF). The Green Organic Dutchman, or TGOD as the company is also known, has the potential to produce 195,000 kilograms per year, which would place it among the country's top five growers in terms of peak annual output.
Additionally, TGOD is expected to devote 40,000 kilogram-equivalents of its annual production to its edibles and cannabis-infused beverage division. These alternative consumption options should be legalized in Canada by October at the latest. Edibles and infused beverages are a higher-margin product than dried cannabis flower, and they could be a dangling carrot that leads a brand-name beverage or snack partner to TGOD.
On the other hand, The Green Organic Dutchman is really late to the party in terms of generating its first sale, and it looks unlikely to generate a profit this year. Unless we begin to see the tangible results of TGOD's expansion, hitting Wall Street's lofty price target could prove challenging.
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