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 April 18, 2024, with several companies witnessing significant gains while others faced steep losses. Notable gainers included Canopy Growth, Greenlane Holdings, Aurora Cannabis, and OrganiGram Holdings, with increases of 20.34%, 19.16%, 13.46%, and 4.92% respectively. On the downside, Australis Capital plummeted by 99%, and other companies like Genetic Technologies and Cara Therapeutics also saw notable declines. The fluctuations highlight the volatile nature of the cannabis market.

Portfolio Pulse from Benzinga Insights

April 18, 2024 | 8:30 pm

The Canadian government's 2024 budget did not include the anticipated excise tax relief for cannabis companies, disappointing major players like Tilray, Organigram, and Canopy Growth. Despite recommendations for tax reform to help legal cannabis businesses compete with illicit markets, the budget largely ignored these suggestions. CEOs of these companies expressed their concerns, highlighting the challenges of competing with the illicit market under the current tax regime and the negative impact on the industry's growth.

Portfolio Pulse from Nina Zdinjak

April 17, 2024 | 1:11 pm

Marijuana stocks experienced a bearish Monday, with notable movements among both gainers and losers. Target Group, Greenlane Holdings, and Mexco Energy were among the top gainers, while AusCann Group Holdings led the losers with a significant drop. The market saw a wide range of performance, highlighting the volatility within the cannabis sector.

Portfolio Pulse from Benzinga Insights

April 15, 2024 | 8:30 pm

Alliance Global Partners upgraded OrganiGram Holdings (TSX:OGI) from Neutral to Buy and set a price target of C$4.25.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 12:49 pm

I Love Growing Marijuana (ILGM) partners with Phylos Bioscience to launch 15 new F1 hybrid cannabis strains in the US for 4/20. The partnership leverages Phylos's technology and genetic library to offer unique strains to home growers. Phylos also has a technical and commercial relationship with Organigram Holdings Inc. (NASDAQ:OGI) in Canada.

Portfolio Pulse from Jelena Martinovic

April 10, 2024 | 12:30 pm

Canadian cannabis stocks like Tilray, Canopy, Aurora, and others are rallying due to recent developments such as Tilray's earnings, Organigram's investor day, and movements by Canopy and Aurora. Legislative changes in Canada, Germany, and the U.S. have positively impacted these stocks. Analyst Pablo Zuanic highlights the sector's potential for growth despite liquidity issues, with some stocks trading as proxies for U.S. exposure. Aurora, Tilray, and Canopy show significant short interest, with Tilray and SNDL leading in revenue. Strategic partnerships and international operations are crucial for expansion.

Portfolio Pulse from Nicolás Jose Rodriguez

April 08, 2024 | 10:34 pm

Marijuana stocks experienced significant movements on April 8, 2024, with GreenGro Technologies leading the gainers with a 9900.00% increase, while Global Hemp Group led the losers with a 42.86% decrease. Notable companies such as Aurora Cannabis and OrganiGram Holdings also saw gains, whereas 22nd Century Group and Village Farms Intl were among the notable losers.

Portfolio Pulse from Benzinga Insights

April 08, 2024 | 8:30 pm

Cannabis stocks experienced significant movements on April 4, 2024, with notable gainers including Choom Holdings, Target Group, and Heritage Cannabis Holding. Conversely, CNBX Pharmaceuticals and Global Compliance led the losers. The volatility reflects ongoing market adjustments within the cannabis sector.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 8:30 pm

Cannabis stocks experienced significant movements on April 3, 2024, with notable gainers including Australis Capital, Aurora Cannabis, and Canopy Growth, among others. Conversely, Heritage Cannabis Holding and Global Hemp Group led the losers. The movements reflect volatile market conditions in the cannabis sector.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 8:30 pm

Organigram Holdings Inc. announced that its SHRED brand has surpassed $200 million in yearly retail sales, based on HiFyre data. This milestone highlights the brand's strong market presence and consumer acceptance.

Portfolio Pulse from Benzinga Newsdesk

April 03, 2024 | 12:11 pm

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