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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 FalconMon Sep 15, 2017 4:44pm
214 Views
Post# 26703234

RE:Nice closing

RE:Nice closingI've been waiting for this exact kind of development for months now. The news is amazing and its catching everyone off guard. Suddenly everyone is going to be realizing how damn cheap this stock is. ACB, WEED, APH are all near a billion or over. OGI is only a quarter of a billion and being poised for guaranteed success by fed and prov governments. That truly separates them from all the wannabe big time LPs, which is what people have been looking for to justify a higher SP. A similar scenario unfolded for Aurora. When they announced their plans to construct the Sky facility it firmly placed them in the big LP category during a period where people weren't sure they'd make it.

Equally amazing is that because this stock has been suppressed for so long this bullishness is causing all technicals to scream buy. One technical I am sure held some people back today was the gap up. But I quickly realized because of the type of news this wasn't an ordinary gap, so I bought more at opening. I think this is a trend setting gap - a breakaway. What has reinforced this was our close. We are clearly going to break the downward trend set by the November and April peaks. Hence, gap up coupled with the downward trend getting broken = further confirmation of a breakaway gap.

Needless to say, I am very pleased. Next week is going to be very exciting.
Bullboard Posts