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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 stocktradinguruon Aug 28, 2020 8:08am
377 Views
Post# 31468528

All the doom and gloom

All the doom and gloomBashers making predictions that OGI will become a penny stock like Hexo...or that the share price of OGI will drop bekow $1.50....

Just opinions with NO FACTS to support their opinions. This called noise----turn off the noise....

Here is what is happening now----it's called the four stages of a market for a stock....
First, the stock traded at recent in late July and early August ( accumulation stage---smart money slowly buying stock....)

Next, we witnessed a breakout above the resistance---and beginning of an uptrend...The stock theory refers to this as a mark-up... essentially it's an uptrend, as more buyers---institutions and retailers want to ride the wave.

Next, we witnessed the share price topping our at $2.02 on August 17th...---the distribution phase, where smart money sells, and retailers who know nothing about charts or technical analysis become bag holders...

Finally, the OGI's stock price drops to a bottom ----some ealier support level and then trades in a range----the new accunulation stage...

What you are witnessing now is the accumulation phase of the market for OGI---the stock has bottomed and now trades in a range....support and resistance---sideways.

At some point, before next earnings, you can almost be certain that OGI will rise to $2.02 or higher, unless there is bearish news/catalyst..

Reality check:
OGI traded at $2.02 on August 17----

Reality check---price target for OGI for next 12 months according to Yahhoo Finance---$3.4...

Reality check:
OGI has the following moving averages:

5 day-- $1.68
20 day- $1.75
50 day- $1.98
100 day- $2.14
200 day - $2.49

I strongly suggest that you ignore all the opinons for which there are no facts....They're are just horse shite....

And, I suggest you conduct your own due diligence, learn how to read a chart---uptrend, down trend, range, and the essentials of technical indicators, especially the moving average..

I fully expect OGI to rise from the ashes like a pheonix 


Bullboard Posts