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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
Post by itsnevertoolateon Jan 10, 2020 7:32pm
170 Views
Post# 30541039

They just keep kicking the ball further down the road

They just keep kicking the ball further down the roadAnother downgrade, and the analysts keep dropping the shareprice target..just seems to be one thing after the other and the consensus now is it will be the later stages now of 2020 before lp's are going to start to show promising results (those that can manage to survive long enough to make it that far)..and I have a feeling as the quarters go by, we are going to hearing more of the same..things like "well we were hoping..but now it looks like it will be 2021..maybe"..It's a new industry but the whole rollout in our country was a disaster and with the many scandals that have happened in the sector it does nothing but create uncertainty and angst among investors. I have been long on OGI and have done very well by the company profitwise (pre-legalization..took a break for 9 mos or so and got back in for a far lesser amount) but since re-entering I like others have painfully watched this stock, like many others, drop to prices we would never have dreamed even possible..there are many many factors that account for this, and those factors along with the market manipulation has me thinking I should be thankful for the lucrative gains I made pre-legalization, and chalk up my recent losses to a lesson learned..and move on. I certainly don't want my opinion to influence anyone because there are many out there who have the time and patience and are comfortable just being a shareholder and riding this thing out to wherever it takes them..I am at the point now, that I no longer am one of them..I am certain that there will be many changes this year and some will be good, and many not so good for shareholders..as age marches on, I feel it necessary to be a little more responsible with my investing strategy and make my money work for me in a fashion that I at least have a steady income stream rather than chase the elusive dream anymore..I have experienced the days when being up 8-10k in a day were possible..those days are long gone in my opinion and I beleive there are still many hills to climb before this or any other company becomes mega profitable. This of course is my own opinion. I will be taking the weekend to assess and re-think my postion and will be making a decision the first of the week as to my strategy going forward..hitting a low closing of the year less than a week before financials makes me unneasy..doesn't mean that it isn't big money playing games..but it doesn't give me a particular confident feeling...we'll see how it plays out...glta
Bullboard Posts