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OrganiGram Holdings Inc T.OGI

Alternate Symbol(s):  OGI

Organigram Holdings Inc. operates through its subsidiaries. The Company’s major wholly owned subsidiaries include Organigram Inc., 10870277 Canada Inc., The Edibles and Infusions Corporation (EIC), and Laurentian Organic Inc. (Laurentian). Organigram Inc. is a licensed producer (LP) of cannabis, cannabis-derived products and cannabis infused edibles in Canada. It is focused on producing cannabis for patients and adult recreational consumers, as well as developing international business partnerships. It has also developed and owns a portfolio of legal adult-use recreational cannabis brands, including Edison, Holy Mountain, Big Bag O’ Buds, SHRED, SHRED’ems, Monjour, Laurentian, Tremblant Cannabis and Trailblazer. It operates facilities in Moncton, New Brunswick and Lac-Superieur, Quebec, with a dedicated edibles manufacturing facility in Winnipeg, Manitoba. 10870277 Canada Inc. is a special purpose holding company for the Company. EIC is a cannabis processor of confectionary goods.


TSX:OGI - Post by User

Bullboard Posts
Post by olive15on Jun 21, 2019 10:47am
147 Views
Post# 29849339

OGI is not Canopy-thankfully

OGI is not Canopy-thankfullyCanopy is down +7% and so it should be. The company has cash and equivalents of more than 4.5B owing to Constellations investment, and its spending like a wild drunk bent on world domination. Unlike brash talking CEOs, numbers don't lie: +323m net LOSS. Gross recreational sales off 4% compared to Q3. Cdn medical pot sales down a whopping 41% compared to Q3. Int'l sales down 25%. Sure, revenue jumped +300% year over year but only 13% from Q3. Clearly, Canopy's strategy is open the vault now, be profitable later. Well, this sort of playbook worked for Amazon but Canopy has a long way to go to prove it will ever be profitable. Canopy is the hare; OGI the turtle. And you know who wins the race.  OGI has steady, competent, skilled management; a strategic plan that is getting them where they need to go, and where shareholders will continue to benefit. Building out, containing costs, generating increasing revenue and profit, partnering with high quality companies, this is why I've held OGI for +3 years now. And this is why Canopy's Q4 results downdraft has OGI down today a mere 1%.
Bullboard Posts