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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

Comment by MisterGRPon Jan 27, 2021 8:13pm
106 Views
Post# 32405075

RE:RE:RE:I like the slow rise

RE:RE:RE:I like the slow rise

That was my understanding as well. I think that circumstances dictated that move and it was the right one. They took that loan instead of dilltion, to me a good move at that time. Unfortunately circumstances like too many producers drove down the price of products and Covid hit which affected the amount of cash coming  in and their  ability to pay off the loan. Thus the decision to find a way to pay off the loan and get rid of the payments. To me, another good and necessary move. 

cheers 

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