OrganiGram Holdings Inc T.OGI

Organigram Sees Revenues Grow To $38.1 Million In Q3

[AwareInvestor]

Organigram Holdings appears to have finally begun to hit it stride, several years into the legal cannabis market. The firm this morning posted its third quarter financial results, and continues to see growth in revenues.

https://thedeepdive.ca/organigram-sees-revenues-grow-to-38-1-million-in-q3/

[marf49]

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[marf49]

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[marf49]

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[BiggyG]

It is sadly going to be this way until at least fall. Markets in turmoil the new norm for this summer. I remember when it was flat and boring in summer (seel in May and go away). You want to keep an eye on any/all Putin news, the second it shows any sign of settling, the markets will rally without warning OGI is poised for the rally, they are a solid company.

[BiggyG]

Still plenty of anxiety in the market as per the VIX. Trending up again VIX (S&P 500 VOLATILITY)Index 28.07+1.25+4.66% 09:15:01 AM

[BiggyG]

I also think we will see MJ M/A activity increase . Our CDN$ sucks and the US MJ is always looking for a deal and have deeper pockets . This is a recipe for some heavily indebited MJ Co.s to sell. GL all

[marf49]

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[marf49]

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[Investability00]

Yes and now I see all the rest of the sector riding up and OGI with no plus. This is just ridiculous.

[marf49]

This post has been removed in accordance with Community Policy

[BiggyG]

The way I see this is, manipulators find it is too difficult to muck with a good company. Too many serious players/shareholders involved with OGI. I think OGI does not get bounced around like some of the other MJ stock. We are going to see in the fall how good it can get.

[jayc1]

Record sales but still lost money. How much revenue do they need to turn profitable?

[BiggyG]

As all Co.s have the same issues, they actually need to trim some of the expenses look for cheaper ways to produce and keep the trajectory pointing upwards at the same time. Not easy but doable especially if you have low or no debts