Sustainable global cannabis company, The Green Organic Dutchman Holdings Ltd (OTCMKTS:TGODF) on April 14, 2022, announced a new educational initiative. The Highly Dutch Organic 420 hotline, part of the 4/20 celebrations, will be open and free to individuals of legal age. A significant day for the cannabis community, April 20th is now a huge annual event having promotions and rallies globally. Celebration is to recognize value of the cannabis plant.
Market Reaction
On Thursday, TGODF stock fell 1.75% to $0.0900 with 197K shares, compared to its average volume of 485k shares. The stock moved within a range of $0.0900 – 0.0957 after opening trade at $0920.
Drew Campbell, VP of Marketing of TGOD said that the surging legalization of cannabis globally has led to the spirit of 420 celebrations and the company is helping provide access to information. Campbell added that the Thanksgiving industry had turkey experts for decades on stand-by through toll-free hotlines. The firm feels that 420 is a significant event to provide the same service.
Experts would be available for any inquiry on cannabis. Additionally, a panel of industry experts, growers as well as cannabis education professionals, like Andrew Freedman (The Cannabis Sommelier), and Kelsey Cannabis would be available. A recent pollstated that 35% of Canadians are open and positive about cannabis legalization and 55% of Canadians are aware of 420.
Sean Bovingdon, CEO said that the firm owes it to curious individuals, regular or non-consumers of cannabis products. The CEO added that educational resources are limited by mainstream media despite legalization and the company is keen to provide free educational services for consumers everywhere.
Key Quote
“From the evolution of the counterculture movement to the growing legalization of cannabis around the World, the spirit of 420 has always been to celebrate cannabis with others, and we can help to ensure everyone has access to the information they need on the big day,” says Drew Campbell, VP of Marketing of TGOD. “For decades, the Thanksgiving industry has had turkey experts on stand-by via tollfree hotlines for aspiring home chefs. This is our way of providing the same service to those who view 420 as an equally important event.”
Traders Review
TGODF stock is trading below the 20-Day and 50-Day Moving averages of $0.0962 and $0.0927 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.1388.
