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Why the Green Organic Dutchman Has Partnered with HelloMD

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Dec. 13 2018, Updated 2:07 p.m. ET

The announcement

To enhance its medical cannabis onboarding capabilities, the Green Organic Dutchman Holdings (TGODF) announced today that it will be partnering with HelloMD, which provides online services to patients who are looking to obtain medical cannabis in Canada.

TGODF plans to sell its premium, certified organic cannabis to medical patients starting in late January 2019. Utilizing HelloMD’s white-label patient services platform, TGODF will be able to provide patients with access to independent advice from practitioners and education about medical cannabis.

The partnership allows patients to connect with a licensed practitioner online on any day of the week from their preferred location. Also, patients who have the necessary documentation can buy from TGODF’s broad range of premium medical cannabis products.

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As reported by GlobeNewswire, TGODF’s vice president of marketing, Andrew Pollock, stated, “At TGODF, ‘Making Life Better’ is not just our brand tagline, it’s our ongoing commitment to every consumer. Patients deserve premium organic cannabis, and through the partnership with HelloMD, we are pleased to provide increased access to TGODF’s product lines with the highest level of customer service and functionality to our patients.”

Stock performance

Despite today’s announcement, TGODF has fallen 4.0% as of 12:45 PM EST. Since the beginning of this month, TGODF has fallen 8.9% as of December 12. During the same period, its peers MedMen Enterprises (MMNFF), Trulieve Cannabis (TCNNF), and iAnthus Capital Holdings (ITHUF) have returned 3.3%, -16.2%, and -0.6%, respectively.

Meanwhile, the ETFMG Alternative Harvest ETF (MJ) has fallen 3.3% during the same period.

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