OGII know the media and investors have said that OGI should not be looked at as harshly as MT in this fiasco but I strongly disagree.
OGI has promoted and touted itself as a 'organic' product. Marketing has bred the word 'organic' to be likened as 'safe' which is nonsense. But I will admit that marketing angle is played a small part of the attraction that prompted me to invest in OGI.
The shorters have moved in and just from reading the stockhouse forum, I'm sure all of you are starting to get the idea about what's coming for OGI and I'm not sure it's going to be positive.
I want to be clear - companies deal with lawsuits ALL the time - for the MMPR and recreational industry, this is just the beginning and if you don't believe me, go ahead and ask the pharma industry or perhaps Big Tobacco. Lawsuits and recalls are a way of life in these industries so do not let legal action scare you about investing necessarily.
But let me provide an example about what is troubling me in this debacle.
If you read the article below then you can realize that there is a fundamental difference between a CEO who promotes transparency and one who does not.
Good or bad, a CEO that will not even take a deidcated approach and address his clients and investors is, well, a BAD investment.
I'm not a hater and took a loss on OGI but am out now and will use this as a learning experience.
I really hope they turn it around but i'm not sure they are going to come out of this one but GTLA!
https://beta.theglobeandmail.com/news/national/more-than-1-million-of-tainted-medical-marijuana-destroyed/article34026223/?ref=http%3A%2F%2Fwww.theglobeandmail.com