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

1.50

Mkt cap

156M

Volume

493K

High

1.50

P/E Ratio

-0.80

52-wk high

2.91

Low

1.44

Div yield

N/A

52-wk low

1.19

The cannabis sector experienced mixed movements on September 12, 2024, with notable gains for 22nd Century Group and Affinor Growers, while Leafbuyer Techs and Elixinol Wellness saw significant declines.

Portfolio Pulse from Benzinga Insights

September 12, 2024 | 8:30 pm

The Canadian cannabis market is experiencing a shift in consumer preferences, with pre-rolls and vapes gaining popularity over traditional flower products. The market is projected to reach C$5.47 billion in 2024. Key players like Village Farms, Cronos, and Organigram are seeing growth, while Tilray and Decibel face declines.

Portfolio Pulse from Nicolás Jose Rodriguez

September 09, 2024 | 11:06 pm

Former President Donald Trump's comments on rescheduling cannabis and supporting banking reforms led to a positive reaction in cannabis stocks. Notable gains were seen in companies like Trulieve Cannabis, Green Thumb Industries, and Canopy Growth. The market's response was more modest compared to previous surges.

Portfolio Pulse from Nicolás Jose Rodriguez

September 09, 2024 | 8:49 pm

On September 9, 2024, several marijuana stocks experienced significant price movements. Notable gainers included CLS Holdings USA, Target Group, and 22nd Century Group, while major losers included Plant Based Investment and AusCann Group Holdings.

Portfolio Pulse from Benzinga Insights

September 09, 2024 | 8:30 pm

Former President Donald Trump's support for cannabis legalization in Florida has sparked varied reactions in the cannabis stock market. Notable movements include gains for AdvisorShares Pure Cannabis ETF and Trulieve Cannabis, while Canopy Growth and Cronos Group saw declines.

Portfolio Pulse from Nicolás Jose Rodriguez

September 05, 2024 | 1:39 pm

On September 3, 2024, several marijuana stocks experienced significant price movements. Notable gainers included AusCann Group Holdings, Global Hemp Group, and Cronos Group, while Kaya Holdings and Leafbuyer Techs were among the biggest losers.

Portfolio Pulse from Benzinga Insights

September 03, 2024 | 8:30 pm

British American Tobacco's subsidiary, BT DE Investments Inc., has completed the second tranche of its strategic equity investment in Organigram Holdings Inc., acquiring shares worth $30.8 million. This investment is part of a larger $92.3 million commitment aimed at supporting Organigram's international and technological expansion.

Portfolio Pulse from Jelena Martinovic

September 03, 2024 | 2:07 pm

On September 2, 2024, several cannabis stocks experienced significant price movements. Notable gainers included Corbus Pharmaceuticals (NASDAQ:CRBP) and Urban-gro (NASDAQ:UGRO), while AusCann Group Holdings (OTC:ACNNF) and Leafbuyer Techs (OTC:LBUY) were among the biggest losers.

Portfolio Pulse from Benzinga Insights

September 02, 2024 | 8:30 pm

InterCure Ltd. (NASDAQ:INCR) reported a decline in revenue for the first half of 2024 due to damages from a terror attack but maintained profitability. The company is expanding its partnership with Cookies in Germany and expects double-digit growth in the second half of 2024. InterCure's shares rose by 2.47% following the announcement.

Portfolio Pulse from Nina Zdinjak

August 30, 2024 | 5:08 pm

The article reports on the stock movements of various marijuana-related companies on August 27, 2024. Notable gainers include Elixinol Wellness and Heritage Cannabis Holding, while significant losers include Target Group and Cresco Labs.

Portfolio Pulse from Benzinga Insights

August 27, 2024 | 8:30 pm

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