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OrganiGram Holdings Inc. (OGI)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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12,805 reactions on $OGI conversation
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Why is Greg being compensated $1 million dollars annually for these results? Hey Greg the CEO job is to create value for shareholders not just line your own pockets. Or did you not get that memo?
Will we ever see 4 dollars?!
I owned OGI back during the Canada pot run and made a couple bucks. I decided to jump back in as I see this climbing back to 5 from here.
well I bought at 1.78, then sold at 2.01 just to buy back at 2.25. time to hold this time.
Even if OGI has great product, if you want to be successful you have to bring your supply chain in good shape. OGI always has many stock outs and other products are not demanded, hence they have to write down inventory and have missed sales. Moreover revenue growth is not that big compared to other companies + less U.S. involvement in case of legalization.
Maybe there will be a takeover, but this company has a lot to do if they want to deliver sustainable profitable quarters. Could be the case that more dilution is necessary during this path.
They will survive in the long run, but I think there are better cannabis companies out there at the moment.
To put it in a nutshell: This business is very competitive. Having good products is not enough, you also have to meet the exact demand, otherwise you will not prevail.
Why is this saying four dollars plus pre-market￼?
the secret is to invest in companies with problems but with potential, if you want to take advantage of this in the future. if you don't trust you can leave this area, but make sure that in 5-10 years this industry will be at another level OGI I trust you.
every dog has it's day........I think it is coming soon
The new member of the board of directors is a perfect person with the upcoming US legalization!!!
Hmmmm......where should I put my money? One of these Canadien companies who continue to loose money and are seeing negligible to negative revenue growth or one of the US MSOs that are becoming profitable and growing top line 20-40% q over q.
OGI seeking M&A partner with new US based board member?
I like the new lady on the bored of directors announced today. she will bring a lot of new retail investors into OGI!
(THIS IS GREAT NEWS GOING FORWARD, THERE WILL BE A BIG MERGE OR ACQUISITION THIS YEAR)!Ms. Wieshofer has more than thirty years of diverse experience, including Board membership at public and private companies, particularly in the U.S., international mergers and acquisitions
("M&A") and finance. She was previously recognized by Variety magazine in the 2018 Dealmakers Impact Report. Her significant transactional experience demonstrates a proven ability to successfully negotiate, execute, integrate and monitor financings, M&A, IPOs and corporate restructurings.
Have made a killing on APHA and CURLF. Picked up some OGI a couple days ago at $1.71. The company has some stuff to work through, but MJ stocks are so extended now, OGI has become the "value play" in the sector. If the company turns around, once again, I will make bank on it. $1.81 as I write this, so far so good.
Making bank is why we do this investing thing right? :)
$ 2.20 tomorrow ....ER will be good and from then on just up :-)
can we see $3 tomorrow?
OGI... back to $5
3 Top Small-Cap Stocks to Buy in January
2. OrganiGram Holdings ($385 million)
The bullishness on pot stocks that was supposed to occur following Canadian legalization in 2018 hasn't been fully realized in Canada or the U.S., with the top marijuana ETF, ETFMG Alternative Harvest (NYSEMKT:MJ), down 54% over the last three years. Not even a pandemic that forced everyone to sit at home could lift many publicly traded marijuana producers, like OrganiGram Holdings (NASDAQ:OGI), whose stock tumbled 21% over the past 12 months.
In fact, the pot stock market may be in the middle of a wave of consolidation. The first stage was when major beverage corporations such as Constellation Brands and Molson Coors bought large stakes in pots producers Canopy Growth and HEXO, respectively. The next phase could be consolidation within the industry. Aphria and Tilray, for example, just agreed to a merger that formed the largest cannabis company in the world in terms of revenue. Some analysts believe that OrganiGram could become the next takeover target.
OrganiGram launched 40 new products last year and saw revenues jump 23% in the fourth quarter as costs dropped 22%. Even though net losses widened to $38.6 million for the period, it also ended the quarter with almost $75 million in cash.
I wouldn't buy OrganiGram just for its acquisition potential, but rather because it is a narrowly focused, streamlined operation, diligently concentrating on its Moncton cultivation facility in New Brunswick. Having invested considerable sums of money in equipment that can produce high-margin products, such as infused chocolates and dissolvable powders that increase the uptake of cannabinoids, OrganiGram is setting itself up to succeed in the event of more widespread legalization.
Glad to see that we are green today - that is promising for the report tomorrow morning!
Why does Greg get a million compensation yet shareholders lose money? Doesn't make any sense. Demand his resignation immediately.
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