Post by
Mythoughts on Apr 12, 2024 9:52am
Fact & Speculation
Fact – Fiscal year end was changed, hence Q2 will be around May 14, 2024.
Fact – British American tabaco BAT, invested for a second time in OGI, this time approx. $120 million, closing first tranche in January 2024, second and third to come August 2024 and January 2025.
Fact – OGI raised approx. $28 million in offering April 2, 2024.
Fact – OGI is basically debt free and flush with cash for possible acquisitions.
Fact – Buy and Hold ratings from all analysts, consensus Overweight. Current price predictions $4.40 to $5.25 Canadian.
Speculation – BZAM, previously TGOD, filed for Creditor Protection March 8, 2024. This allows time to restructure and possibly sell all or parts of the business to pay creditors. Perhaps a deal to be had at bargain price for some or all BZAM assets?
Speculation – Federal Government (Canada) may reduce excise taxes in April 16, 2024 budget, thereby leaving millions of dollars in Cannabis company coffers.
Speculation – DEA may re-schedule Marijuana from Sched 1 to Sched 3, which would be a leap forward for the sector.
Speculation – Safe Banking Act may see the light of day in 2024?