Seaport Global analyst Brett Hundley downgraded Green Organic Dutchman to Neutral from Buy without a price target following the company's Q3 earnings report and announcement on forward funding arrangements. During October, previous funding efforts failed to materialize, and the company subsequently announced a construction halt to its large-scale Valleyfield production facility, Hundley tells investors in a research note. As a result, the analyst made "sizable" reductions to his forward sales and EBITDA expectations. He's also "increasingly uncertain" about broader industry development of organic cannabis.