CEO Brian Athaide says this is an ‘important step’ in the growth of the cannabis company and will broaden its investor base
() (OTCMKTS:TGODF) said Wednesday that it has submitted an application to list its shares on the tech-laden US Nasdaq market.
The organic medical cannabis company’s shares will continue to trade on Toronto's TSX Exchange under “TGOD,” which is also the reserved symbol for the Nasdaq application.
Green Organic Dutchman CEO Brian Athaide said: "This is an important step in the growth of TGOD, one that will broaden our investor base and increase access for international investors as we build the leading global organic cannabis brand.”
Investors hailed the news, sending shares in the Green Organic Dutchman up nearly 6% higher to US$2.54 on the OTC Markets, and 5.9% higher to C$3.37 in Canada.
The company is building over 1.6 million square feet of cultivation and processing facilities across Ontario, Quebec, Jamaica and Denmark, and has a planned capacity of 219,000 kilograms.
It has organic hemp CBD oil operations in Canada, and through its wholly owned subsidiary HemPoland distributes premium hemp CBD oil in the European Union.
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