Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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
Post by olive15on Apr 14, 2020 2:47pm
243 Views
Post# 30908473

Alternative Take

Alternative TakeLots of upset people on this board now. I get it, owing to sp drop. But I don't see all darkness. While not flush with a cash war chest, OGI does have adequate cash and access to cash via lenders. In other words, they will survive and hopefully thrive.That said, in the current environment, investors are rushing to the few companies that do have fat cash piles. Still, this is not Hexo or Canntrust or Aurora type management. The downside, yes, disappointing revenue and net Q loss.  OGI burned more cash b/c they are still getting the business off the ground, i.e., chocolate operation not yet efficiently tuned. And they spent more on marketing. All to be expected in a new industry. The upside: churning costs ever lower. Down 10% or so b/c of earning miss? What company doesn't drop at least 10% owing to an earnings miss? The industry is still working itself out, more companies going kaput, others just trying to survive the pandemic. IMO, OGI is solid. Strong management, reinforced by Feb new board appointments, some recent insider buying to show confidence, excellent product reputation. With +3m shares traded today, that's $6+m worth of investors bailing, and the same amount buying in. Time will tell who chose well. For the bashers out there, why stay on the board? Sell your stock and say goodbye. 
Bullboard Posts