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OrganiGram Holdings Inc T.OGI

Alternate Symbol(s):  OGI

Organigram Holdings Inc. is focused on producing cannabis for patients and adult-recreational consumers, as well as developing international business partnerships to extend the Company's global footprint. The Company, through its subsidiary, Organigram Inc., is a licensed producer of cannabis, cannabis- derived products and cannabis infused edibles in Canada. It has also developed and acquired 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 specializes in vape and infused pre-roll categories backed by a portfolio of owned brands, including the BOXHOT brand. Its products include pre-milled flower, pre-rolls, weed gummies, shred x vapes, and extracts. It operates facilities in Moncton, New Brunswick and Lac-Superieur, Quebec, with a dedicated edibles manufacturing facility in Winnipeg, Manitoba. Its subsidiaries also include 10870277 Canada Inc.


TSX:OGI - Post by User

Bullboard Posts
Comment by itsnevertoolateon Feb 26, 2018 3:01pm
145 Views
Post# 27622999

RE:RE:OGI UNDERVALUED OR NOT??

RE:RE:OGI UNDERVALUED OR NOT??I agree mikenan..that to me has always been one of the problems with this stock..the cavalier attitude of management to just amble along and collect their no doubt lofty paychecks..seemingly just content to just let things play out as they will with often no regard at all for shareholders. Was just thinking today about the financing deal that closed the end of Jan..for 115 million..with an interest rate of 6% per year..or broken down..roughly 575,000/mo interest...so we are 2 days away from the end of Feb which means they have burned through their first 575,000...and we still haven't gotten any sort of announcement re any expansion in Canada..or any international deals..rather strange when you'd almost think that some of those things would have been in the works and that is why financing would have been sought..but..looking at the announcement a little closer..it stated"70% of the proceeds were for strategic domestic expansion, strategic international opportunities, and to develop a hemp market presence..so that would mean roughly $80.5 million for the afore mentioned....the remaining 30%..which equates to $34 million, to be used for "working capital and general corporate matters"....that is what scares the hell out of me..because the burn rate of this company hasn't been pretty..but. it's a nice little cushion for coporate bigwigs..I don't want to send the wrong message here and sh*t all over this company, because I have held OGI for a long time and will see it through to legailization, no matter what because I believe in the product, the company in general, and what they have to offer..and I hope all of us will be rewarded for our patience...but mikenan nailed it...these guys need to step up to the plate and start putting out some news releases, and show initiative..I don't think that is too much to ask..
Bullboard Posts