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OrganiGram Holdings Inc. (OGI.TO)
Toronto - Toronto Real Time Price. Currency in CAD
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Who here thinks the continued investment in Hyasynth is a smart move? I would say yes even though their cash is tight right now. Maybe qtr that just closed was favorable? The skeptic in me wonders why a a big profitable Pharma company just gobble up Hyasynth? $10 million is pocket change.
We are holding steady while everybody else is tanking. Go OGI!
In addition to the investment, Organigram has the right to purchase 25 per cent of the cannabinoid offtake from Hyasynth at a discount to market prices.
So they invested in there cbd company that just started producing cbd, and have invested in chocolate production, and producing it. Is it safe to say a cbd chocolate bar for health stores is on the way...? !!!
I think people underestimate OGIs cash position...they ended Q3 with $45 million, and got proceeds of $18 million from ATM and $30 million loan draw subsequent to Q end. So that’s $93 million. And Paolo said in the August conference call that their goal is cash flow positive going forward
This is going to pop after Good Expected Earnings, hopefully NEVER SEE $1.23 again....
Things looking up!
Just tried Shred Gnarberry, I must say I’m impressed........
Love how MF beats the tar out of OGI for months...and now puts an article out how they are the only company to survive. I already knew that publication was garbage but always nice to get a reminder once in a while. :) GLTA
Yes, the MF seems a bit schizophrenic, but it's really just a marketing tool for them. I do however agree with the positive spin on OGI in the latest rendition. Better days are coming for OGI
Long and strong here!
We need to hear that the powder is released, and a Biden win.
Anyone ever hear of Molsen beer? Canadian Club whiskey? Etc. Etc. Not saying OGI will be in their league but if it can survive the pandemic slowdown then i don't see why it can't be an international success. It's done the hard work over the last few years to develop products that will sell well anywhere. OIG will be ready for the US market when it opens soon. The competition down there is currently light. Getting through these trying times is the key.
OGI is the most methodical and efficient MJ company IMHO, glad i have 5k shares.
This company updates the investor presentation regularly. As of October 7th they still expect to release the dry powder before the end of November. That will be a nice catalyst, and if Biden wins that will just be gravy.
Kamala Harris, “ We will Decriminalize Marijuana” if Dems win, consider Safe Banking Act and Legalization a lock!! And this sector getting the boost so sorely needed
Great news for organigram and it's early entry into the bio reactor technology. 10million investment Seems to be paying off already.
Straight to profit. And cost per gram will be so low! Get in now. Ready to fly again.
Long term viability in this industry is all about the disruptors.
Big tobacco disruptor with SHRED. CHECK. I'd pay $4 gram for roll my own premium grade flower substitute to a smoking cigarettes.
Big pharma disruptor with CBD biosynthesis with Hyacinth for pennies on the gram. CHECK. No need to mention the potential here. I wonder if this could be turned into a powder form by OGI.
Big alcohol disruptor with cannabinoid nano-emulsification technology. IN PROGRESS. They need to get this proprietary dried powder formula out pronto. TGOD infusers out of stock on OCS so time to take advantage.
I've been trying to order more of the Trailblazer Snax mocha chocolate bars on the OCS but they've been out of stock for a couple of days. All sold out at the local dispensary too. I believe we have a Big chocolate disruptor on our hands as well.
Waiting to see $2
Good news with hyasynth biologicals , could be used for ogi eddies and vape products, oils , with out the need for growing traditional for these products.
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