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 article lists the marijuana stocks that gained and lost on November 6, 2023. The gainers include 1933 Industries, Psychemedics, OrganiGram Holdings, Leafbuyer Techs, Khiron Life Sciences, BioHarvest Sciences, MariMed, Cannabix Technologies, CLS Holdings USA, and Body and Mind. The losers include Choom Holdings, Australis Capital, EVIO, Rocky Mountain High, Item 9 Labs, Elixinol Wellness, MJ Holdings, Nextleaf Solutions, Cansortium, Blueberries Medical, Trees, iAnthus Capital Hldgs, Zoned Props, 22nd Century Group, Heritage Cannabis Holding, C21 Investments, CV Sciences, Auxly Cannabis Group, GrowGeneration, Kaya Holdings, Canopy Gwth, 4Front Ventures, Neptune Wellness Solns, SOL Glb Inv, Tilray Brands, MedMen Enterprises, SNDL, Emeren Group, and Corbus Pharmaceuticals.

Portfolio Pulse from Benzinga Insights

November 06, 2023 | 9:30 pm

Several stocks experienced significant movement in Monday's mid-day trading session. Notably, Bluegreen Vacations Holding Corporation (NYSE:BVH) saw a 105.8% increase to $73.11 after announcing its acquisition by Hilton Grand Vacations at $75 per share. Carbon Revolution Public Limited (NASDAQ:CREV) shares jumped 396.2% to $145.49 following a merger with Twin Ridge Capital Acquisition Corp. Verb Technology Company, Inc. (NASDAQ:VERB) shares climbed 59.5% to $0.4086 amid the company announcing new technology integrations for its MARKET.live platform. On the downside, DISH Network Corporation (NASDAQ:DISH) fell 19% to $4.4496 after the company reported third-quarter results and the CEO announced his resignation.

Portfolio Pulse from Lisa Levin

November 06, 2023 | 6:36 pm

Organigram Holdings Inc. (NASDAQ:OGI) announced a C$124.6 million investment from British American Tobacco PLC (NYSE:BTI). The investment will be used to expand Organigram's geographic footprint and capitalize on emerging growth opportunities, as well as for general corporate purposes. Following the announcement, OGI shares are trading higher with a 28% increase.

Portfolio Pulse from Erica Kollmann

November 06, 2023 | 3:55 pm

Celldex Therapeutics shares are trading higher after announcing data from its phase 2 trial treating urticaria refractory. Organigram shares also rose after announcing a C$124.6 million investment from BAT and the creation of a strategic investment pool. South Korea ADRs, ETFs, including PKX, are up following a government ban on short selling through the first half of next year.

Portfolio Pulse from ryanfaloona@benzinga.com

November 06, 2023 | 1:55 pm

Canadian cannabis company Organigram Holdings Inc. (NASDAQ:OGI) (TSX:OGI) has announced a $91.2 million strategic equity investment from BT DE Investments Inc., a subsidiary of British American Tobacco (BAT) (NYSE:BTI). The investment will be used to create a strategic investment pool, Jupiter, which will target emerging cannabis opportunities. This transaction increases BAT's voting Common Share ownership position to 30% and overall equity interest to 45% in Organigram. The first tranche of the investment is expected to close on January 16, 2024.

Portfolio Pulse from Jelena Martinovic

November 06, 2023 | 1:35 pm

Organigram has announced a C$124.6 million investment from BAT and the creation of a strategic investment pool named 'Jupiter'. This has led to a rise in Organigram's share prices.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 1:32 pm

Organigram has announced a follow-on equity investment of C$124.6M from BT DE Investments, a wholly-owned subsidiary of British American Tobacco (BAT). This has led to the creation of the Jupiter Strategic Investment Pool.

Portfolio Pulse from Benzinga Newsdesk

November 06, 2023 | 11:12 am

The article lists the marijuana stocks that gained and lost on November 2, 2023. The biggest gainers were Rocky Mountain High (OTC:RMHB), Global Compliance (OTC:FUAPF), and Psychemedics (NASDAQ:PMD), while the biggest losers were EVIO (OTC:EVIO), Nextleaf Solutions (OTC:OILFF), and RIV Capital (OTC:CNPOF).

Portfolio Pulse from Benzinga Insights

November 02, 2023 | 9:30 pm

The marijuana stock market experienced a bearish Wednesday with several stocks seeing significant changes. MGC Pharmaceuticals, Psychemedics, Body and Mind, iAnthus Capital Holdings, Nextleaf Solutions, Indiva, Leafbuyer Techs, GreenGro Technologies, CV Sciences, Kaya Holdings, 22nd Century Group, CLS Holdings USA, EnWave, and Cansortium saw gains. However, EVIO, AusCann Group Holdings, Item 9 Labs, 1933 Industries, MJ Holdings, Canopy Growth, Rocky Mountain High, C21 Investments, Cresco Labs, Curaleaf Holdings, Global Compliance, Aurora Cannabis, SOL Global Investments, Tilray Brands, Trulieve Cannabis, Zoned Properties, Cara Therapeutics, OrganiGram Holdings, Village Farms International, Cronos Group, SNDL, GrowGeneration, Green Thumb Industries, Neptune Wellness Solutions, 4Front Ventures, and Charlottes Web Holdings saw losses.

Portfolio Pulse from Benzinga Insights

October 25, 2023 | 9:30 pm

Marijuana stocks experienced a bullish Tuesday with several companies seeing significant gains. Top gainers included EVIO, AusCann Group Holdings, Affinor Growers, Rhinomed, Canopy Gwth, Indiva, SOL Glb Inv, Psychemedics, MJ Holdings, Elixinol Wellness, EnWave, Blueberries Medical, Urban-gro, Body and Mind, Item 9 Labs, CLS Holdings USA, Cannabix Technologies, Aurora Cannabis, Global Compliance, Tilray Brands, Khiron Life Sciences, Greenlane Hldgs, Neptune Wellness Solns, iAnthus Capital Hldgs, SNDL, Cara Therapeutics, OrganiGram Holdings, Scotts Miracle Gro, and Charlottes Web Holdings. However, Choom Holdings, Australis Capital, Maple Leaf Green World, GreenGro Technologies, Heritage Cannabis Holding, Target Group, Nextleaf Solutions, BioHarvest Sciences, Cansortium, and Leafbuyer Techs saw their shares close down.

Portfolio Pulse from Benzinga Insights

October 24, 2023 | 9:30 pm

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