TGOD Stock Drops 15.5% Following Q2 Earnings Announcement

TGOD stock

The Green Organic Dutchman (TSX:TGOD) (OTCQX:TGODF) released its Q2 earnings recently, and now TGOD stock is down more than 15.5%. What went wrong? Let’s find out.

The Results

Despite TGOD stock enjoying a slight surge last week after the company announced it has applied to list on the NASDAQ, yesterday’s Q2 earnings results did little to reinforce speculators’ optimistic sentiment. The company posted Q2 revenue of $2.9 million CAD, which is a 20% increase from Q1. This revenue was primarily driven by the company’s launch of its “Growers Circle” pilot initiative, which saw sales to a ...

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