OGI.TO - OrganiGram Holdings Inc.
| Previous Close | 3.4200 |
| Open | 3.4200 |
| Bid | 3.3700 x N/A |
| Ask | 3.3800 x N/A |
| Day's Range | 3.3500 - 3.4600 |
| 52 Week Range | 2.6400 - 11.3000 |
| Volume | 418,970 |
| Avg. Volume | 1,568,598 |
| Market Cap | 525M |
| Beta (3Y Monthly) | 3.94 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.0680 |
| Earnings Date | Jan. 27, 2020 - Jan. 31, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 5.59 |
- Business Wire
Organigram Holdings Inc. Announces At-The-Market Equity Program
Organigram Holdings Inc. (“Organigram” or the “Corporation”) (OGI.TO) (OGI) announced today that it has established an at-the-market equity program (the “ATM Program”) that allows the Corporation to issue up to C$55,000,000 (or its U.S. dollar equivalent) of common shares (“Common Shares”) from treasury to the public from time to time, at the Corporation’s discretion. Any Common Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the “TSX”), the NASDAQ Global Select Market (the “NASDAQ”) or any other marketplace on which the Common Shares are listed, quoted or otherwise traded, at the prevailing market price at the time of sale.
- The Motley Fool
What Do OrganiGram’s (TSX:OGI) Stellar Results Indicate?
Will shares of OrganiGram gain momentum after the company managed to beat consensus estimates in the latest quarter?
- The Canadian Press
Organigram gearing up for vapes, chocolates and powdered beverages
Cannabis company Organigram Holdings Inc. is gearing up for the production of vape pens, cannabis infused chocolates and powdered beverages even as it faces uncertain demand for recreational marijuana.The company said Monday it submitted new product notifications to Health Canada for a portfolio of vape pens and cannabis infused chocolates in October and expects to launch some vape pens next month and chocolates in the first three months of 2020.Sales of powdered products to be added to a consumer's beverage of choice are expected in the second quarter of 2020."This unique product allows us to enter the beverage space without having to secure bottling or canning equipment and incurring significant transport costs associated with liquid beverages," CEO Greg Engel told analysts during a conference call.The company based in Moncton, N.B., expects substantial construction of additional in-house extraction capacity and expanded vape pen filling space to be completed by the end of calendar 2019 at a cost of $60 million to $65 million.It has also almost completed an automated chocolate production line which includes a chocolate moulding line and a fully integrated packaging line with advanced engineering, robotics, high-speed labelling and automated carton packing.While Phase 5 expansion is continuing, the company has paused completion of its Moncton Phase 4 cultivation facility at 70 per cent for recreational marijuana until there's more clarity on retail expansion in Canada, especially in Ontario."At this time, we believe this is adequate supply, adequate capacity to take advantage of the market opportunity in the short to medium term until market matures," Engel said.The company had warned earlier this month that revenue in its fourth-quarter would be lower than the third quarter.However, Organigram said Monday it expects net revenue in the first-quarter of its 2020 financial year to rise compared with the fourth quarter of its 2019 financial year due to increased sales to provinces and higher wholesale revenue.In reporting its full financial results, Organigram said its net loss from continuing operations totalled $22.5 million or 14 cents per diluted share for the quarter ended Aug. 31 compared with a profit of $18.1 million or 12 cents per share a year ago, due to non-cash fair value changes to biological assets and inventories.Net revenue for its fourth quarter totalled $16.3 million, up from $3.2 million a year ago. However, the result was down from net revenue of $24.8 million in the third quarter.It blamed slower than expected store openings in Ontario that was further exacerbated by increased industry supply. The company also said it faced a high amount of product returns in the quarter related to two products sold to the Ontario Cannabis Store.For the full-year, the company lost $9.5 million on $80.4 million of net revenue, compared with a $22.1 million profit on $12.4 million of revenues in 2018. The results included a gain of $10.6 million in fair value changes to biological assets and inventories, compared with a gain of $46 million a year ago.This report by The Canadian Press was first published Nov. 25, 2019.Companies in this story: (TSX:OGI) Ross Marowits, The Canadian Press
- Yahoo Finance Canada
Organigram blames $22.5M loss on Ontario, predicts 'volatile' sales
The Canadian cannabis producer blames a “lack of sufficient retail network and slower than expected store openings in Ontario” and rising industry-wide supply for the drop.
- Simply Wall St.
Shareholders Are Thrilled That The OrganiGram Holdings (TSE:OGI) Share Price Increased 245%
The last three months have been tough on OrganiGram Holdings Inc. (TSE:OGI) shareholders, who have seen the share...
- The Motley Fool
3 Fresh “Million-Maker” Stocks Hitting New 52-Week Lows
Hunting for a bargain? This group of beaten-down stocks, including OrganiGram Holdings (TSX:OGI)(NASDAQ:OGI), might provide the value you're looking for.
- The Motley Fool
Why Did OrganiGram Holdings Fall 20% Yesterday?
What next for OrganiGram investors after stock falls 68% in the last year.
- Yahoo Finance Canada
Tilray sees global medical pot as ‘good hedge’ against Canadian risk
The Nanaimo, B.C.-based company posted a deeper than expected loss for the three months ended on Sept. 30.
- The Canadian Press
Organigram shares dive nearly 20% after warning Q4 revenue would miss Q3 levels
MONCTON, N.B. — Shares in Organigram Holdings Inc. were hit hard Tuesday after the cannabis company said its fourth-quarter net revenue is expected to be lower than what the company saw in its third quarter.The cannabis producer's shares closed down 89 cents or 19.96 per cent at $3.57 on the Toronto Stock Exchange.Organigram says it expects net revenue for the quarter ended Aug. 31 to amount to $16.3 million, including $20.0 million of shipments in the quarter and about $3.7 million in provisions for product returns and pricing adjustments.That compared with net revenue of $24.8 million in the third quarter.Net revenue for the company's full financial year is expected to be $80.4 million.Organigram is expected to report its full results for its financial year on Nov. 25.This report by The Canadian Press was first published Nov. 12, 2019.Companies in this story: (TSX:OGI) The Canadian Press
- Yahoo Finance Canada
Organigram can 'weather the storm' after weak guidance hits shares
Shares of Organigram plunged in early trading on Tuesday after the cannabis producer issued guidance suggesting fourth-quarter net sales will be $16.3 million.
- Business Wire
A Strong Step Forward for the Legal Cannabis Market in Ontario
Organigram Holdings Inc. (OGI) (OGI), the parent company of Organigram Inc. (the “Company” or “Organigram”), a leading licensed producer of cannabis is pleased to offer its support for the Ontario provincial government’s planned improvements to that province’s retail cannabis program announced yesterday. “The Ontario government has demonstrated today that it is listening to the legal cannabis sector and that it values the contribution this industry makes to the Ontario economy,” said Organigram CEO Greg Engel, following the announcement.
- Yahoo Finance Canada
'We call the bottom on Canadian cannabis stocks': Cantor Fitzgerald
Cantor Fitzgerald is predicting “green days ahead” for the battered shares that have struggled to find their footing since Canada legalized recreational pot more than a year ago.
- The Motley Fool
2 Marijuana Companies That Are Looking Beyond Canada
The small-cap weed producer Organigram Holdings Inc (TSX:OGI)(NASDAQ:OGI) has its sights set on Europe.
- The Motley Fool
Better Cannabis Buy: Green Organic Dutchman (TSX:TGOD) vs. OrganiGram (TSX:OGI)
Is it time to go bottom fishing with The Green Organic Dutchman and OrganiGram Holdings?
- The Motley Fool
3 Explosive Growth Stocks Trading for Less Than $5
Finding explosive growth stocks with low share prices is the recipe for great success in growth investing. One of the top growth stocks to buy today is CES Energy Solutions Corp (TSX:CEU).
- The Motley Fool
These 3 Cannabis Stocks Are Looking Okay for 2020
If you still want to invest in cannabis stocks in 2020, Aphria Inc (TSX:APHA)(NYSE:APHA) may be a decent bet
- The Motley Fool
Cannabis Investors: Why I Wouldn’t Be Buying CannTrust (TSX:TRST)
Although CannTrust Holdings Inc's (TSX:TRST)(NYSE:CTST) stock is extremely cheap, there are a number of better stocks for investors to buy.
- The Motley Fool
Could This Tiny Marijuana Stock Be a Better Bet Than Aurora Cannabis (TSX:ACB)?
Organigram Holdings Inc (TSX:OGI)(NASDAQ:OGI) has performed better than Aurora Cannabis Inc (TSX:ACB)(NYSE:ACB) year to date.
- Business Wire
Organigram Awarded Excellence in Manufacturing Consortium Award
Organigram Holdings Inc. (OGI) (OGI), the parent company of Organigram Inc. (the “Company” or “Organigram”), a leading licensed producer of cannabis, is pleased to announce that the Company was recognized at the Excellence in Manufacturing Consortium (“EMC”) Awards of Excellence ceremony in Toronto on October 9.
- Baystreet
Stocks in play: Organigram Holdings Inc.
Announced that a representative of the Company has assumed board positions with three international ...
- Business Wire
Organigram Assumes Board Positions on International Cannabis Industry Advocacy Organizations
Organigram Holdings Inc. (OGI) (OGI), the parent company of Organigram Inc. (the “Company” or “Organigram”), a leading licensed producer of cannabis, is pleased to announce that a representative of the Company has assumed board positions with three international organizations committed to promote and foster global cannabis industry growth: The American Trade Association for Cannabis and Hemp, The Policy Center for Public Health & Safety (both U.S.-based) and the European Alliance for Medical Cannabis.
- Market Realist
Trouble at OrganiGram: Cooling Tower Concerns
Yesterday, contents of an email circulated among OrganiGram employees revealed the company had shut down several cooling towers due to high bacteria counts.
- The Motley Fool
2 Beaten-Down Cannabis Stocks to Invest in During October 2019
Why investors can bet on Green Organic Dutchman Holdings (TSX:TGOD) and OrganiGram Holdings Inc (TSX:OGI) after the pullback in market value over the last year.
- Yahoo Finance Canada
Out-of-stock pot is becoming a big problem for online shoppers
Consumers are finding it increasingly hard to find cannabis online, according to a new analysis of e-commerce platforms by Cowen.
- Newsfile
BTV Uncovers Companies in the Growing Cannabis Sector
Vancouver, British Columbia--(Newsfile Corp. - September 26, 2019) - On national TV Sat. Sept. 28 & Sun. Sept. 29, 2019 - As the Canadian cannabis sector remains strong, BTV- Business Television visits thriving opportunities ripe for investment.Click company name to watch their feature:Organigram Holdings Inc. (TSX: OGI) (NASDAQ: OGI) - With insight from David Kideckel, Managing Director and Senior Equity Research Analyst, Healthcare & Life Sciences at AltaCorp. BTV drops in on one ...
