OrganiGram Holdings Inc T.OGI

Nothing here to move the stock higher

[Duster340]

* last quarter they were overall #2 market position in canada for 5 months in a row, they now have slipped to #3

*Net Loss:

• Q2 Fiscal 2024 net loss was $27.1 million compared to $7.5 million in Q2 Fiscal 2023.

*Q2 Fiscal 2024 net cash used by operating activities was $8.3 million, compared to $2.5 million cash used in Q2 Fiscal 2023

* internantional sales are lower.

(OGI is burning through the cash, no wonder they needed to do a cash raise.)

[srtman03]

So you sold OGI in the $2.40's to buy HITI....how did that work out for ya? 

[Oldweed]

It was not long ago OGI SP was higher than HITI, in just a few short months HITI has surpassed OGI and rightly so. They are crushing it in Canada, partnered with Sanity in Germany (same as OGI) and are poised for the USA. They make money and don't need to print shares to keep the lights on, TBH I would not be surprised if BAT puts these 2 companies together in some way, especially in Germany

[plymouth340]

You win some and lose some. Both OGI and HITI will reward shareholders.