Streetbeat News

OGI

OrganiGram Holdings Inc.

https://www.organigram.ca

Industry

Drug Manufacturers - Specialty & Generic

Organigram Holdings Inc., through its subsidiaries, produces and sells cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including cannabis flowers, cannabis oils, and vaporizers for civilian patients and veterans; adult use recreational cannabis under the Edison Cannabis Co., Trail Blazer, SHRED, SHRED'ems, Big Bag O' Buds, and Monjour brands; and cannabis edibles products and concentrates. The company also engages in the wholesale shipping of cannabis plant cuttings, dried flowers, blends, pre-rolls, and cannabis derivative based products to retailers and wholesalers for adult-use recreational cannabis. It sells its products through online, as well as telephone channels. Organigram Holdings Inc. was founded in 2013 and is headquartered in Moncton, Canada.

Open

1.51

Mkt cap

161M

Volume

557K

High

1.51

P/E Ratio

-0.84

52-wk high

2.91

Low

1.45

Div yield

N/A

52-wk low

1.21

OrganiGram is acquiring Motif Labs for up to C$100 million, aiming to become Canada's largest cannabis company by market share. This move comes as other companies in the sector are retreating.

Portfolio Pulse from

December 06, 2024 | 4:00 pm

Organigram's stock is currently undervalued, trading at a 22% discount to its tangible book value. The company has a strong financial outlook with no debt and a high cash balance, supported by investment from British American Tobacco. Analysts project significant growth in revenue and adjusted EBITDA for FY25 and FY26, making it an attractive buy.

Portfolio Pulse from

December 01, 2024 | 10:00 am

Microsoft shares rise as the company reports better-than-expected Q1 2025 GAAP EPS and sales.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2024 | 8:05 pm

Canada's cannabis market is experiencing stagnation with nearly zero growth in 2024. Top producers like Village Farms, Tilray, Organigram, and Cronos are seeing shifts in market share. The flower segment remains crucial, while pre-rolls and vapes gain popularity. Companies are focusing on international expansion due to domestic market limitations.

Portfolio Pulse from Nicolás Jose Rodriguez

October 29, 2024 | 1:29 pm

Cannabis stocks, including Canopy Growth, Aurora Cannabis, SNDL, and OrganiGram, are experiencing a rally with positive momentum. Each stock shows promise, but their outlooks vary based on technical factors such as moving averages and resistance levels.

Portfolio Pulse from Rolando García

October 25, 2024 | 5:36 pm

Germany is emerging as a leader in the European cannabis market, with significant growth potential due to recent decriminalization. Companies like Village Farms International and Organigram Holdings are focusing on this market, leveraging EU GMP certification for international expansion. Canada faces profitability challenges due to high taxes, while Australia shows promise in non-combustible cannabis products.

Portfolio Pulse from Nicolás Jose Rodriguez

October 14, 2024 | 3:26 pm

Banzai has been granted an extension by the Nasdaq Hearing Panel to regain compliance with listing requirements.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:34 pm

Cannabis stocks are experiencing a surge in trading following a report that Vice President Harris is advocating for the legalization of marijuana.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 3:16 pm

The cannabis sector experienced mixed movements on September 26, 2024, with some stocks gaining and others losing. Notable gainers included Urban-gro, Cara Therapeutics, Scotts Miracle Gro, and OrganiGram Holdings. Meanwhile, 22nd Century Group and Eastside Distilling were among the notable losers.

Portfolio Pulse from Benzinga Insights

September 26, 2024 | 8:30 pm

On September 25, 2024, several cannabis-related stocks experienced significant price movements. Notable gainers included Choom Holdings, Leafbuyer Techs, and Corbus Pharmaceuticals, while Currenc Group and Canopy Growth were among the losers.

Portfolio Pulse from Benzinga Insights

September 25, 2024 | 8:30 pm

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