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Stair stepping to profit.
Go OGI..
Wow, Drive and Goodbuddy... I cannot fathom this...
Some broker or company official must explain this, as it is so confusing that today a number of Boards are discussing this.
Hey, Greedy... have you any knowledge how Canadian canna stocks are trading today in the USA but Canada is closed?
Wow, Goodbuddy,
OGI not trading today in Canada... but with the data you have it must be up 6% or so in the US...
Does that mean we might see a gap up tomorrow when Canada trades again?
Buckle up Longs.... your payback looks like turning very positive during this month of August...
I wish for great good fortune for all ye canny canna investors...
One day you will boast to your grandchildren, as they enjoy your wealth, how smart you were investing in Canadian pot stocks...
"Medical marijuana should be available to those who need it. But right now too much of the product on sale in Canada is hard to distinguish from the snake oils of yesteryear."
http://www.theglobeandmail.com/opinion/editorials/unregulated-medicinal-pot-industry-is-putting-consumers-are-risk/article31205441/
Canadian Cannabis Rules Changes Ahead: An Industry Insider Perspective on MMPR and Legalization
https://www.newcannabisventures.com/canadian-cannabis-rules-changes-ahead-an-industry-insider-perspective-on-mmpr-and-legalization/
Organigram Cannabis Sales Jump 27% as EBITDA Nearly Doubles from Q2
Organigram Delivers Strong Results Across All Metrics in Q3 MONCTON, NEW BRUNSWICK–(Marketwired – Jul 25, 2016) – Organigram Holdings Inc. (TSXV: OGI) (OTC: OGRMF) (the “Company”) is pleased…
https://www.newcannabisventures.com/tag/organigram/
Wow ... Dbrown, he sold one more than me....
Go CGC go, lady, go...
WHO BUYS LEGAL WEED
http://www.zerohedge.com/news/2016-07-29/who-buys-legal-weed
Most people spend between $25 and $50 per trip to a marijuana store, with a $33 median spend per trip. 34.7% of customers spend less than $10 on average, usually picking up a single item like a half gram pre-roll or a carbonated beverage. Only 8.2% spend more than $100/trip.
http://www.zerohedge.com/news/2016-07-29/who-buys-legal-weed
YO, Doubleeagle, great post.... all legit.... love it... staying LONG - riding this out... patience pays...
GAP DOWN ... GAP UP
Sad, but I had to sell some MT shares yesterday - domestic life demanding money, kids and friends looking for a hand-up, so broke me heart to sell 4500 at $2.69....
Good price (compared to today's gap down) but it breaks my soul to sell any Canadian LPs shares...
Yesterday's sell was about 5% of our holding...
We are staying with Mettrum Health Corp.
This share price will recover...
good buying opportunity
GAP UP on the way with new med regs...
Gap Down....
Hey, Drive, had to sell yesterday - domestic life demanding money, kids and friends looking for a hand-up, so broke me heart to sell 4500 at $2.69....
Good price (compared to today) but it breaks my soul to sell any Canadian LPs shares...
Staying long in CGC...
This will be the coca cola of canna industries...
If I was 20 years younger I'd be doing business with CGC management and opening factories in Europe... we are so far behind... Canada will dominate...
WOW
Well done, man.
I missed that... saw it but...
well you got a great price...
Hopes you still have a few shares from that historic price level...
Price range...?
What, Mr MMPR, does the post state?
$3.50 METTRUM
http://www.cantechletter.com/2016/07/four-canadian-medical-marijuana-stocks-buys-says-pi/
The company, which has facilities near the Greater Toronto Area, has three licenses to sell dried marijuana and recently secured a license to sell cannabis oil extracts.
Zandberg says Mettrum has already shown success at outreach, with the fastest client onboarding of any licensed producer.
“Mettrum has been very successful at working with medical professionals to build an impressive database of registered patients,” he says. “In June 2016, the company announced it had 12,099 patients register – a 300% increase in the last 12 months. The key to success is, of course, translating those patient numbers into sales and during FY16 (ending March) MT has an average consumption of 0.51 grams per patient per day (below Health Canada’s industry stats which suggest 0.71 grams per patient per day). ”
Zandberg has a “Buy” rating and a one-year price target of $3.50 on Mettrum Health Corp.
Zandberg has a “Buy” rating and a one-year price target of $2.25 on OrganiGram Holdings.
http://www.cantechletter.com/2016/07/four-canadian-medical-marijuana-stocks-buys-says-pi/
The new med regs in august could be a major catalyst ...
also, one could expect moves by authorities on black market grows
also, more awareness growing about LPs for patients
and investors
giving OGI an autumnal run
But, what do I know?
Hey, Mister G, no sarcasm from me.
I respect you.
I wish I had the knowledge and obvious education you have... however, in my lesser state, I am open to the views of those wiser than me... and those view I take seriously because I act on them.
Thank you for your support for OGI.
I wish you, and all OGI investors, the greatest good fortune.
Thanks, T.
We bought in at $1.86...
the best geo-political play we ever made...
I know it's not the done thing, but we sold our home in Europe and invested in canna companies, mainly in four Canadian LPs... We lost €40K on one LP, and €15K on US stocks (never go near US public can-companies again) but our three LPs are showing: CGC: +70%; OGI +255%; MT + 67%.
when we sold our house the bank offered to pay us 5% over five years ...
not 5% pa,
but 5% for five years...
We had a smoke...
and the thoughts of Canada came to us... the vision was Trudeau... that vision kept us ahead of the opinion polls in canada's general election....
I am a writer.... I smoke to open the windows of wonder, to instantly step my toe into the running river of inspiration, to open my ears to the muses, to see life from a more truthful aspect... so I write fairytales, stoners fairytales, which nobody buys...
Wow, Mister G, that was a great call you made on 3.50.
One can see you are an expert on Canadian financials...
I believe OGI investors / traders could do with your input onto this board. Thanks.
Thanks, Jake. Got it....
Oh, price has fallen....
Please, can you guys give SP + volume through the day... our internet has gone... wow, just found an internet cafe.... and our european broker today has no news and no share movement.... another planet... thanks...
Can you guys give SP....
we can't get it... our european broker is 24 hours behind the curve... giving no news... so if you folk could SP and EOD would be helpful.
Have you guys read your horoscope for today:
"JULY 26, 2016.... For Everyone: The wild roller-coaster ride continues today as we keep the volume turned up in our lives."
Thanks Drive. It would be great if you explain the L2 to us today.
well done ... golf... and the sizeable position...
Hey, Drive, what does your expert eye see happening to OGI in the present climate...?
Well played, Mr Grey.
Wife is still looking for money, but we are not out at this price...
OGI will rise...
enjoy your golf, your partners must have been peeded off with you being more excited about the markets than the game...
Big game tomorrow...
CGC will do well... uplisting to the TSX, and, hopefully, that tide will lift more LP boats...
Ah, is that what happened?
Thanks, Eddard, and all other informative posters.
Holding feels nice...
OILS OFFER HUGE FUTURE FOR OGI
You are spot on, Goodbuddy, it is the CBDs that will lead the med charge, not just in Canada but across the globe...
We could soon see OGI exporting to Europe.
Hey Grey, where are you .... on vacation, playing tennis, I hope you ain't ill.... because with all the action today and this week I thought you'd be inputting on the OGI Board.
What do you think of the Q financials?
Yo ... BIG MONEY
You are right, Goodbuddy.
The big money is in the oils.
Here in California the oils (THC; CBDs; CBN) are becoming the big winners... big movement into oils...
So this Q did not fully cover oils / or oils did not spread fully across this Q
Next Q will give true oil segment of OGI financials...
And oils will move the bottom line higher into profits and super profits in the years to unfold...
GOOD NEWS FOR LPs
CGC uplifts from the Venture to the TSX.
I think this is the first pure canna play to open on a big board...
And CGC's management will open the TXS tomorrow...
Good luck to CGC investors....
OGI will also someday gain uplisting to the senior exchange... then these shares will take off, rocket style.
PROFIT... PROFIT... PROFIT
OGI is giving investors profit, and profit to come... and profit in the future...
Good luck to you Goodbuddy.... your patience is being rewarded...
TRADING...
Yes, you are right.... the first few hours of trading today show a V...
The SP will rise...
Good results from OGI.
Organigram Delivers Strong Results Across All Metrics in Q3
Moncton, New Brunswick, July 25th, 2016 – Organigram Holdings Inc. (TSX-V: OGI, OTCQB: OGRMF) (the “Company”) is pleased to report its financial results for the third quarter ending May 31st, 2016. All amounts are expressed in Canadian dollars unless stated otherwise.
Highlights from the quarter include:
? 27% growth in sales compared to the prior quarter
? Net revenue of $8.47 per gram sold
? EBITDA1 growth to $695,721 from $370,139 in the prior quarter
?
?Summary Quarterly Results
?Operating/Financial Metric
?
?Q3 2016 (May)
?
?Q2 2016 (February)
?
Revenue
$ 1,806,849
$ 1,425,466
?Grams Sold
?213,270
?169,215
?Gross Margin
?
?87.6 %
?
?76.0 %
?Net Income (Loss)
$367,720
$55,267
EBITDA1
?
?
?$ 695,721
?
?$ 370,139
?Organigram continued its positive operating momentum and generated sales of $1,806,849 which represents a 27% increase compared to the previous quarter. Grams sold for the quarter increased to 213,270, resulting in an average net revenue per gram sold of approximately $8.47.
The Company continues to focus on process and cost initiatives and is pleased to note a significant increase in plant yields and a corresponding decrease in its production costs. Organigram’s cash cost per gram produced during the quarter was $1.292. These efficiencies help validate the changes the Company has made to its in-house production practices and strengthen Organigram’s strategic positioning as one of the lowest cost MMPR producers in Canada.
“We are very pleased with our 3rd quarter results and as things continue to develop post quarter, we remain focused and drive our efforts to be one of Canada’s lowest cost producers” states Denis Arsenault, CEO of Organigram Inc.
Subsequent to the quarter, Organigram closed its previously announced bought deal financing for net proceeds of $10,360,350, received an amendment to its MMPR license allowing for the sale of cannabis oil extracts, and submitted a request to Health Canada for an increase to Organigrams licensed sales capacity (“LSC”) for its facility in Moncton, New Brunswick.
“At Organigram we are creating employment and economic growth opportunities for Atlantic Canadians, a reliable and high quality product for our customers, and value and efficiencies for
our shareholders. Our low cost of production, coupled with our organic product offering, strong balance sheet, and near term growth prospects position Organigram favourably in both the existing medicinal and forthcoming recreational marketplace.” says Arsenault.
Further detailed financial information is available in our quarterly posting on SEDAR.
1. EBITDA is defined as net income (loss) excluding depreciation and financing costs.
2. Cash cost to produce per gram is a non-IFRS measure and is equal to cost of sales of produced grams, excluding fair value adjustment to biological assets and inventory, manufacturing depreciation incurred, and packaging costs; divided by produced grams in the quarter.
About Organigram Holdings Inc.
Organigram Holdings Inc. is a TSX Venture Exchange listed company whose wholly owned subsidiary, Organigram Inc., is a licensed producer of medical marijuana in Canada. Organigram is focused on producing the highest quality, condition specific medical marijuana for patients in Canada. Organigram’s facility is located in Moncton, New Brunswick and the Company is regulated by the Marihuana for Medical Purposes Regulations.
On behalf of the board of directors, Denis Arsenault, Director and CEO Organigram Holdings Inc.
For further information, please visit www.organigram.ca or contact:
Organigram Delivers Strong Results Across All Metrics in Q3
MONCTON, New Brunswick, July 25, 2016 /Weed Wire/ — Organigram Holdings Inc. (TSX VENTURE:OGI)(OTCQB:OGRMF) (the "Company") is pleased to report its financial results for the third quarter ending May 31st, 2016.
Awesome, do you think CGC is on its way to the top benchmark?
Will CGC's success find its way to the S&P/TSX composite index?
Of course: "only the best and growing companies are invited to join this benchmark."
Thanks Ford...
Such nice news to wake up to on a Sunday morning...
Go CGC go, go, go, Baby...
into adulthood.