"We are doing something no other producer has done before, growing premium certified organic cannabis at scale,” CEO Brian Athaide said
() (OTCMKTS:TGODF) is hosting site visits for analysts this week at its facilities to show off the depth of its certified organic cannabis production.
The company said in a statement Thursday that it expects to welcome 25 analysts from Canada and the US to its facilities in Hamilton, Ontario and Valleyfield, Quebec on Thursday and Friday.
READ: Green Organic Dutchman sees surge in demand for organic cannabis at Ontario Cannabis Store
"We are doing something no other producer has done before, growing premium certified organic cannabis at scale,” CEO Brian Athaide said in a statement. “By leveraging our proprietary growing methods, purpose-built facilities and industry-leading horticultural team, we are creating a wide economic moat within the premium organic segment."
The analysts will receive a walkthrough of the facilities and see the unveiling of TGOD’s Cannabis 2.0 portfolio. In Hamilton, the hybrid greenhouse has been completed, and in Valleyfield — poised to be the world's largest organic cultivation facility — the company is expecting a first harvest in early 2020.
Annual production capacity at the two facilities is 17,500 kilograms and 65,000 kilograms, respectively.
Shares of TGOD increased 4.3% to C$2.53 Thursday on Bay Street and rose nearly 5% to US$1.92 in New York.
—Updated to include stock movement—
Contact Andrew Kessel at [email protected]
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