OrganiGram Holdings Inc T.OGI

Alternate Symbol(s): OGI

Healthcare Cannabis

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

OrganiGram Holdings Inc > Harris Endorsement pledge to legalize :) $$$$$$

<< Previous

Bullboard Posts

Next >>

Comment by 1hot-techwomanon Jul 31, 2024 6:33pm

57 Views

Post# 36157192

RE:Harris Endorsement pledge to legalize :) $$$$$$

1hot-techwoman wrote:
DJ Cannabis Stocks Gain After Biden's Harris Endorsement

Monday, July 22, 2024, 11:01 AM ET

By Dean Seal

Shares of cannabis companies are getting a lift after President Joe Biden said he wouldn't run for reelection and endorsed Vice President Kamala Harris as the Democratic nominee.

Harris has been consistently supportive of cannabis reform in recent years. In March, she called for cannabis to be reclassified to a less dangerous drug category "as quickly as possible."

AdvisorShares Pure US Cannabis, a popular exchange-traded fund tracking marijuana stocks, was up 4.7% at $7.76 in early trading.

Shares of Canopy Growth were up 11% at $7.92, while shares of TerrAscend jumped 8.6% to $1.39 and Verano Holdings shares climbed 6% to $4.03. The stocks of bigger cannabis firms, including Curaleaf Holdings, Green Thumb Industries and Trulieve Cannabis, were up between 3% and 4%.

Given the high probability that Harris will become the formal Democratic nominee, Biden's change-up shouldn't impact his administration's efforts to reschedule cannabis this year, Alliance Global Partners analyst Aaron Grey said in a research note.

"In fact, a final rule rescheduling cannabis to Schedule III (from Schedule I) could further demonstrate the ability of the Biden administration (of which VP Harris is a part) to execute on a promise to voters," Grey said Monday.

The comment period for a proposed rule enacting the rescheduling ended on Monday. The Department of Justice has the final say on whether the rule gets finalized.