A perplexing response from OGI IRI recently sent off another email to OGI Investor relations inquireing as to what the status of Organigrams re-certification process given the fact that we are now into the 3rd month beyond when it was orginally stated it was going to happen.I stated my concern that we were less than a month from legalization and expressed my concern that something should have happened by now. From the response I got, which somewhat surprises me, it does not appear that this is even a priority for them at this time if I am interpreting what I read correctly. It doesn't appear that they are in a rush at all for that to happen, and that when it happens..it happens..I thought I was very clear in my thinking that this was one of the elements of production that was going to set them apart from others but having read and re-read the part about how the bigger money comes from the the non-organic weed, I don't see it as a priority.The response also seems to indicate that investors were putting too much emphasis on re-certification being the be-all end-all. I certainly don't agree with that thinking as I think that re-certifcation was something that conscientious investors were looking forward to for good and justifiable reasons..investors have a right to be concerned and kept in the loop..but,based on the response I got,I don't see where organic weed is something they are going to be focusing on at this point,and that they only view it as something that may be of some signifigance down the road. As an investor, I am all about making money and understand that focus should and needs to be on products that are making the highest margins..that is what business is about, and makes investors happy..but at the same time, they should be kept in the loop too as well on things like re-certification, and how it is obviosuly now being viewed as importantly as many of us thought it would be at this point in time. Maybe I missed the boat.. I also stated in my email to them that I was glad to see that they upgraded on the OTC exchange and that it did seem to give us a bit of a lift in U.S. volume but that I was wondering if they had any intention of pursuing a listing to a bigger board Ie: TSX or Nasdaq...to which I got not response...Maybe I am making much to do about nothing, but perhaps our beloved company should consider a name change for the company
Attached you will find the response I got and you can all formulate your own opinions
RESPONSE
As soon as we have news to update on the certification matter we will release an official press release. Investors seem somewhat confused in treating the organic certification as some sort of ticking time bomb that if we don’t receive it by X date, the company is dead in the water or something. We are a top 6 producer in terms of current production in a landscape where there isn’t enough product available for the provinces who are selling them. We make much more money selling the non-organic product because it costs us roughly half as much to produce it. The Organic cert is something we think will pay off in the years to come as supply ramps up and consumers look for differentiated products.
Thanks,
Dylan Rogers
Investor Relations Analyst
Desk: (844) 644-4726 (844-OGI-GRAM) ext.401
Direct: (416) 639-2144
Mobile: (506) 232-0121
www.organigram.ca
As soon as we have news to update on the certification matter we will release an official press release. Investors seem somewhat confused in treating the organic certification as some sort of ticking time bomb that if we don’t receive it by X date, the company is dead in the water or something. We are a top 6 producer in terms of current production in a landscape where there isn’t enough product available for the provinces who are selling them. We make much more money selling the non-organic product because it costs us roughly half as much to produce it. The Organic cert is something we think will pay off in the years to come as supply ramps up and consumers look for differentiated products.
Thanks,
Dylan Rogers
Investor Relations Analyst
Desk: (844) 644-4726 (844-OGI-GRAM) ext.401
Direct: (416) 639-2144
Mobile: (506) 232-0121
www.organigram.ca