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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 Fundy13on Mar 01, 2019 11:20am
116 Views
Post# 29428856

RE:DILUTION OF SHARES = 13.8%

RE:DILUTION OF SHARES = 13.8%OGI is esentially trading $153 million in shares (18million at $8.50) to removed $98million plus interest in debt, so there is some equity dilution by about $50million on a $1billion market cap so 5%.
But this should not impact share price as this has been a know fact since the debt was issued.

I do believe many of these new shares will be sold and it will put a bit of a cap on the share price for the next 30-45 days, but witht he volume of shares traded and the othe rpositive news I would not expect and significant drop by those shares being sold.
Bullboard Posts