Shares of Green Organic Dutchman Holdings Ltd (OTCMKTS: TGODF) are on fire this year, gaining over 65% so far in 2019.
Green Organic Dutchman Holdings Ltd (OTCMKTS: TGODF) is one of the most active penny stocks in Monday’s session. The stock is trading 1.5% lower at $3.22.
in March, Green Organic Dutchman posted its quarterly operating results and gave a pleasant surprise. In the latest announcement, Green Organic Dutchman increased its previously forecasted 195,000 kilos of peak annual output to 219,000 kilos on improved design and engineering updates at its facilities.
Understandably, Green Organic Dutchman still has to do a lot to impress its shareholders, with its entrance into the marketplace coming months after its peers. But based on latest production update, it’s looking like a top-five producer when wholly operational.
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In the latest reported earnings, Green Organic Dutchman reported a net loss of C$45.2 million ($33.9 million), or 21 cents a share, for 2018, compared to its previous year ago loss of C$13.5 million loss, or 12 cents a share. Revenue stood at C$1.9 million on one time quarterly revenue following the acquisition of HemPoland on Oct. 1 and the full legalization of cannabis in Canada on Oct. 17.
Jefferies analyst Owen Bennett said costs came in “significantly below estimates. You could take a positive or negative view of this (encouraging re route to profitability or not spending much around brand awareness),” he wrote in a note to clients. “First real financial catalyst will be next quarter with further re-rating potential if they execute.”
New Age Beverages Corp (NASDAQ: NBEV) is another stock, which is showing unusual trading activities in Monday’s session. The stock is up a whopping 19% to $5.69 on volume of more than 26 million shares. This morning, the Denver-based drinks maker, announced the distribution expansion of their Ma Marley brand of CBD-infused beverages with Walmart (NYSE: WMT), the world’s largest retailer. Moreover, The New Age Beverages’ partnership with Walmart is its first ever national distribution deal.
“This is such a great accomplishment for New Age to gain its first national distribution, and to do so with the world’s largest retailer in Walmart. This is just the first initiative that we expect to do with them on the Marley brand and other New Age products on which we are in active discussions,”
said New Age vice president of key accounts, Craig Thibodeau.
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Disclosure: we hold no position in either sto, either long or short, and we have not been compensated for this article.