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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
Comment by ScotianManon Nov 10, 2020 5:06pm
148 Views
Post# 31874545

RE:RE:RE:Cannacord Genuity

RE:RE:RE:Cannacord GenuityLet's say they borrowed the stocks to short at a cost of $2.10 at a cost of 12% per annum. They sell the stocks at an average price of $2.10 on the open market before the bought deal is announced. They then announce the deal at $1.85 knowing it will lower the price when announced. Boom, the deal is announced and the price is now at $1.58. Let's say they target to start buying back when it hits $1.50. They buy up to $1.60 for and average price of $1.55. The profit is then $2.10 - $1.55 or $0.55 per share. It's all done within one month and they give back the shares at a cost of 1% or $0.0215 per share. The profit is $0.55 - $0.0215 or = $0.5285 per share ($0.5285 / $0.0215) or 2.458% - not bad for a month's profit. 
Bullboard Posts