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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
Comment by icecubeon Jun 02, 2015 1:58pm
80 Views
Post# 23789838

RE:RE:RE:closing down?

RE:RE:RE:closing down?
10% of Moncton's population is likely a bit high.

The population of Moncton, per the 2011 census, was 69,074 whilst the population of the Moncton CMA (Census Metropolitan Area) was 138,664 at the same time (source: https://www12.statcan.gc.ca/census-recensement/2011/as-sa/fogs-spg/Facts-cma-eng.cfm?LANG=Eng&GK=CMA&GC=305)

The projected number of licensed marijuana users in Canada is expected to grow to 433,638 by 2024 (source: https://www.theglobeandmail.com/news/national/by-the-numbers-canadas-medical-marijuana-use/article14694389/), or about 1.15% of Canada's population.

Assuming that Moncton CMA's population grows by 6% to 2024 (see: https://www.statcan.gc.ca/pub/91-520-x/2010001/tablesectlist-listetableauxsect-eng.htm) the population of the area will be just shy of 147,000 (146,983).

If (a big 'IF') the Moncton area population consumes medical marijuana per the national average you'd have a user level of 2,205 people in 2024.

This does not take into account various factors such as: 'home grown' licensed marijuana and pending changes to the regulations thereto (see: https://www.cbc.ca/news/canada/medical-marijuana-new-rules-and-a-ton-of-confusion-1.2588779); legalization or decriminalization of marijuana; medical marijuana demographics specific to the Moncton GMA that are significantly different to usage patterns in the rest of Canada; the assumptions above are completely out-to-lunch (wouldn't be the first time); and/or, other mitigating factors.

Note: I'm not commenting on the validity or otherwise of OGI as an investment (do your due diligence), only on the assumptions presented.
Bullboard Posts