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OrganiGram Holdings Inc. (OGI)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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1.1400+0.0100 (+0.88%)
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  • T
    Tfresh
    Organigram Expands Strong Value Portfolio With Launch of SHRED: High Quality, High Potency, Affordable Pre-shredded Dried Flower September 17, 2020 (BusinessWire) Print
    In an effort to continue to break down the barriers to purchasing from the legal cannabis market in Canada, and reinforce its ongoing commitment to value, Organigram Inc. (NASDAQ: OGI), a leading licensed producer of cannabis, is pleased to announce the launch of SHRED, a high quality, high potency, affordable dried flower product pre-shredded for additional consumer convenience. SHRED offers three pre-milled varieties, all featuring tetrahydrocannabinol ("THC") of 18% or more and each contained in a two-way humidity system to preserve their unique flavour profiles. Made from whole flower, SHRED contains no shake or trim and is milled to the same specifications as the Company's existing pre-roll products.

    SHRED features three curated blends that combine new aroma profiles. These include:

    Tropic Thunder, a combination of strains with citrus and tropical aromas, Gnarberry, combining berry and fruity aromas for a refreshing profile, and Flower Power, a specially curated sweet and floral blend.

    Based on a recent survey of Canadian cannabis consumers conducted by Organigram, convenience, price and quality are the top three considerations that drive consumers to purchase from the illicit cannabis market. SHRED addresses each of
  • G
    GMoney
    I believe OGI will survive the "shake-out" phase of this new industry on its own merit or will get bought-out by deep pockets. Both outcomes are a result of being cash flow positive from operating activities, during a period when credit is hard to come by.
    I haven't read that OGI is being forced to sell any assets, likely because they didn't over spend on inflated prices for same during the previous growth phase of this new industry. They grew organically which is fitting considering the company name.
    This is a sign of a relatively more efficient operation when compared to the competition. I don't think they will go bankrupt if they continue to have positive cash flows. OGI has become too important to fail for the New Brunswick provincial government.
    They do need a game changer and I'm betting it's coming with the proprietary nano-emulsification, dried cannabinoid powder we have all heard so much about. If the initial on-set of the effects of the cannabinoids happen within 10 minutes...it's a big deal.
    btw. I shared a couple of the Trailblazer Snax mocha bar's with family and friends. It's being touted as the "largest cannabis-infused chocolate bar currently available in Canada". I think they are going to rule the edibles market with this product. Phenomenal mocha taste, competitively priced and user-friendly with the ability to split 5 times.
  • J
    Johnny Photo
    I think the lower price point of SHRED is the key here. Pre-rolls are not a great value per gram as you are paying for the rolling
    As long as you are not paying a premium for the shredding it should sell. They need to get the price per gram down near the budget lines from the greenhouses...Aphria, Canopy and the others who are lowballing. Keep your eyes open on the pricing, if it's in the $5-7 per gram range they should grab market share.
  • C
    Cherry
    At this point ($1.05) I'm hanging on until the end of the year. I've lost a significant amount in value as I bought at $6+.
    If it doesn't go up, I'll sell what's left to offset capital gains from other sales this year.
    I really want to hang on for the long term and see what happens, but it's not looking like anything will happen.
  • s
    scott
    Hopefully the bleeding stopped! We’ll see if she holds. A lot of opportunity with this company if Mgmt can get out of their own way. Products are great.
  • J
    Johnny Photo
    sudden uptick... positive news has possibly leaked.
  • C
    Charles
    I'll be Manning to tell you all I'm wrong but I just got this gut feeling that they're going to be in the Plus instead of the negative in November
  • B
    Brent
    The bounce up isn’t weird at all from a TA standpoint. Oversold on the RSI. Backtested major historical support yesterday. And showing bullish divergence on the MACD.

    Needs to get over $1.20. Might get some push back at the 50 MA around $1.32. Then $1.42 and $1.53 are the next potential resistances.

    It’s got some nice room to run right now. Would love to see an inverse Head and Shoulders form at around $1.49.

    Good luck y’all.
  • d
    diplomaticmp
    out of all the licensed producers in Canada.

    organigram ia the only company I see is coming out with new strands brands.

    They are moving in the right direction
  • s
    satpal
    I had to buy even more. Somebody clearly knows something... we haven’t seen movement of this magnitude in a while.
  • J
    Jimmy
    Why are we up almost 10%!! I'm trying to build my position still. :(
  • M
    M
    Cantor raises OGI target on Hyfire data from C$5 to C$5.35.
  • s
    satpal
    It’s been a long time since I saw +6%
  • M
    MarkNJ
    I’ve seen the chocolate bar for as low as 4.75 a bar of course those where sold out !!
  • J
    Jim Gardner
    I hope they start making CBD chocolate bars.... Thats a new health food can be sold to different people.
  • S
    Simon
    I used to be a pumper but bailed out at 2.30. I'm back now. Started 1000 shares just now. Will add on the dips. This is gonna blow up when their Isreal deal shows on the next earnings.
  • J
    Jon
    june to july canadian cannabis sales up 15% (30m) for alberta, Ontario, BC and quebec
  • S
    Swomka
    Another question the brand is pre-shredded for " Convenience ", isn't that the purpose of pre-rolls?
  • K
    Kris
    Back up to the $2+ range!
  • S
    Swomka
    I ask again Hoping someone will have an answer as I can't find one, is SHRED a replacement brand for Trailer Park buds or an Additional Brand to the portfolio with TPB still in the portfolio (with a name change coming)