RE:RE:Vote of Confidence from British American Tobacco in Invest !quinlash wrote: 1hot-techwoman wrote: $124.6 Million at basically what Book Value is for Organigram !!! What kind of ROI do they see on there Investment if there willing to pay more than market value?? Think about that !! Plus with only 81 million shares outstanding the float is small !! $$
Better times lay ahead for OGI IMHO :)
At the Meeting, an ordinary resolution approving the previously announced C$124.6 million follow-on strategic equity investment by the Investor in the Company (the "Investment")
$124.6 Million Investment from BAT at $3.2203/share and Creation of "Jupiter" Strategic Investment Pool
GLTA :)
The Cannabis Sector can be expected to see investments coming in from other sector that will likely take a hit once Cannabis is fully legalized in the US.
IMHO we can expect to see more and more companies from the following sectors investing in Cannabis:
1) Alchol Companies. Cannabis has already shown to draw down alchol sales in regions where it is legal (Google that). Alchol companies can opt to expand drink sales to include Cannabis Drinks (timing may be tied to US Legalization).
2) Tobacoo Companies - Cannabis is not really a direct competitor to Tobacco however the Tobacco Companies likely see the writing on the wall that less and less young people are willing to take up smoking. They will look to Emerging Markets / Sectors where their current equipment can be put to use. Rolling Cannabis Cigerettes vs Tobacco Cigerettes is almost a perfect fit.
3) Big Pharma - I really don't care what anyone tells me, Big Pharma is a money machine that pumps out pills that most people would be better off avoiding (Sorry, small rant there). Big Pharma will not want to miss out on sales of Medical Cannibis to those who want a more "organic / natural" alternative to chemicals etc. Cannabis is also a proven aid to Cancer patients so again, HUGE market there for Big Pharma.
Anyhow, just my 2 cents on the topic (holding no position at this time).
Best Regards,
Q
For myself I see it:
GTII = Alcohol (Bean Family)
OGI = Tobacco (BAT)
HITI = Retail (ATD) or any MSO or LP rapid expansion.
Terrascend = Pharma? Not decided on a pharma play, was thinkingTilray until they focused on alcohol, so mixed signals.
Was in CURA but I saw OGI as a safer play.