The news actually benefited OGI stock trading volume, boosting it 21% above its average volume levels. Eric Bowler is an accomplished journalist providing in-depth insights for more than two decades. View Organigram Holdings Inc OGI investment & stock information. OrganiGram Holdings, Inc. () Stock Market info Recommendations: Buy or sell OrganiGram Holdings stock? Get the latest Organigram Holdings Inc OGI detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. There is no particular reason for this fall other than a market-wide correction. After all, it started 2019 as one of the strongest marijuana penny stocks around, with a lot of room for growth. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. The evidence for that is clear in the company’s recent quarterly report. We’ve Got You Covered with These 3 Free Stock Picks. NASDAQ: OGI $1.09 down $0.03 (-2.68%) Related Articles. This matters because Canada’s eastern-most provinces have seen the highest adult-use rates for cannabis in the entire country, despite being a less populated region. Copyright © 2020. There has been quite the sell-off of OrganiGram Holdings (TSXV:OGI) (OTCQX:OGRMF) stock since the beginning of this week. Although OGI has not given the market share it occupies in the cannabis market, it claims to have an enviable share in Canada’s adult-use recreational space. To see all exchange delays and terms of use, please see disclaimer. The potential to profit from these opportunities isn't lost on OrganiGram. The OGI stock price has dropped by about three percent since the beginning of 2018, but that’s not too concerning when you factor in that February has been a … OGI CEO Greg Engel stated, “While Q4 2019 did not meet our overall expectations, we have not only emerged as one of the national leaders in the industry with significant growth expected in net revenue and strong market share, we expect to report positive adjusted EBITDA for the year. Shares of OrganiGram Holdings (NASDAQ:OGI) were sinking 8.6% lower as of 3:25 p.m. EST on Wednesday after falling as much as 11% earlier in the day. OrganiGram is on track to launch several new products, including vape pens and cannabis-infused chocolate edibles with a cannabis powdered beverage product on the way, as well. Stock Advisor launched in February of 2002. While many pot stocks have been feeling the pain since the general market pullback hit, OGI stock has been much harder to predict. MedMen Stock Falls Despite Positive Announcements Today, Weed Stock to Watch: Cresco Labs Inc. Emerges on the CSE. His daily coverage of the industry keeps him on top of the key trends with the goal of helping investors make well-informed decisions. I like this move, even if it did end in failure. Also, collaborations with 1812 Hemp and Eviana have set up OrganiGram to capitalize on the high-value industrial hemp space, which has been looking promising following this year’s U.S. farm bill legalizing industrial hemp production. In addition to exporting its products, the company also operates healing centers that offer treatments for post-traumatic stress disorders, chronic pain, and trauma therapy. Marijuana penny stocks tend to be harder hit by these drops in the market, and yet OGI stock has managed to perform rather strongly despite it all. Please read the Privacy Statement and Terms of Service for more information. Let’s review the impact on OrganiGram Holdings (TSXV:OGI) (NASDAQ:OGI)’s fundamentals after the …. OGI. Simultaneously, OGI is among the select few Canadian cultivators who have been able to lock down supply agreements with all ten provinces in the country. In fiscal 2019, OGI estimates sales of $80.4 million, a rise of 547% year over year.
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