TGOD announced this morning they've launched online sales. That's good news, but it's also a tiny pilot--200 patients. I doubt the market will care much.
I'm not an expert on Canadian city council meetings (or any city council meetings, for that matter), but
this will probably be a bigger deal this week.
Quote:
CITY OF HAMILTON
MOTION
Council: March 27, 2019
MOVED BY COUNCILLOR T. WHITEHEAD…..……….....................…….….
SECONDED BY COUNCILLOR ………….………………….……....................
Local Planning Appeal Tribunal appeals by The Green Organic Dutchman
Holdings Limited (PL180732 and PL180818) – settlement proposal (LS19006) (Item
13 of Planning Committee Report 19-003)
WHEREAS the following motion was deferred at the February 27, 2019 Council meeting
to provide the Ward Councillor with an opportunity to discuss the implications of
approving the recommendation in Report LS19006 respecting Local Planning Appeal
Tribunal appeals by The Green Organic Dutchman Holdings Limited (PL180732 and
PL180818) – settlement proposal.
THEREFORE BE IT RESOLVED:
That the recommendation in Report LS19006 respecting Local Planning Appeal
Tribunal appeals by The Green Organic Dutchman Holdings Limited (PL180732 and
PL180818) – settlement proposal, be approved.
My hunch is that an approval is baked into the stock price but that a rejection wouldn't be good.
My premise has always been that TGOD was overlooked because it was so far behind. The buzz around earnings drove a lot of interest, but that interest seems to have dropped off and the stock price has dipped back. I don't think either the sales news or an approval this week will change that.
Just my thoughts; I have no intention of selling my position any time soon.