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The SAFE Act Could Be 2020's Biggest Cannabis Catalyst
11:32 am ET December 16, 2019 (Benzinga) Print
Cannabis investors are hoping Canada’s Cannabis 2.0 will help improve sales growth and profitability in 2020 after a disappointing 2019.
Yet the U.S. SAFE Act may be the single biggest catalyst for cannabis stocks in the coming year, Cantor Fitzgerald analyst Pablo Zuanic said in a Monday note.
Cannabis 2.0 products such as edibles, vapes and beverages hit the shelves in Canada this week. While there’s no question the performance of these products is big fundamental news for cannabis stocks, Zuanic said all eyes are on the SAFE Act heading into 2020.
About The SAFE Act
The SAFE Act stops short of legalizing cannabis on a federal level, but it would lift the limitations on investments by banks and investment funds in cannabis companies in states where they are legal.
Following the MJBiz conference last week, Zuanic said Monday that the SAFE Act could have a chance of passing in the Republican-controlled Senate. The legislation has already made it through the Democrat-controlled House.
Cannabis could become a central part of the 2020 election season depending on how things shake out in the primaries, the analyst said.
"While we do not think the views of the current President on the question of federal cannabis legalization will be known until the Democrats choose their candidate (i.e., if Joe Biden continues to think of cannabis as a ‘gateway drug,’ that could provide an opening for the incumbent President, in our view), we think there is a greater possibility SAFE could pass in the US than cannabis become federally legal."
For now, Zuanic is bullish on the following cannabis stocks:
Aurora Cannabis Inc (NYSE: ACB): Overweight rating, CA$5.85 ($4.46) price target.
Aphria Inc (NYSE: APHA): Overweight rating, CA$10.40 price target.
OrganiGram Holdings Inc (NASDAQ: OGI): Overweight rating, CA$13.30 price target.
Benzinga’s Take
Don’t expect the Senate to take action on the SAFE Act anytime soon. It would make strategic sense for Republicans to use passage or rejection of the SAFE Act as a strategic part of election season if the need arises, depending on the political climate.
Do you agree with this take? Email feedback@benzinga.com with your thoughts.
Related Links:
Hexo's Q1 Report Could Be Ugly, Says Cantor Fitzgerald
Is Cannabis The Liquor Industry's Worst Nightmare?
Latest Ratings for ACB DateFirmActionFromTo
Nov 2019MaintainsSell Nov 2019UpgradesNeutralOverweight Nov 2019Initiates Coverage OnNeutral
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MX10001---NUMBERS don't lie but people do.
adjustment in the numbers to cloud the original number.
January 02, 2020
11:51 am ET
Organigram Holdings Inc Price Target Cut to C$5.00/Share From C$8.20 by Jefferies & Co
Dow Jones
a lot of pie in the sky numbers ---hmmmmm
so the number is adjusted again. hmmmm
I think forecast from OGI (earnings) is worth waiting for. 1/14/20??
I am not into options so I can not address your question
TRY a different source for your answer not the board
I am very long OGI and believe the company is on the right track
to upright the ship.
Earnings will be reported soon.
Organigram to Report First Quarter Fiscal 2020 Results on January 14th, 2020 and Operational Update
BusinessWire
looking forward to operational update
JOHN1311=THIS change happened last trading day of 2019
OrganiGram Holdings Inc. (NASDAQ: OGI) climbed 9.9% to close at $2.45.
OGI HAS positioned the company to rise in value. the train has left
the station. all the product introductions is about to bear fruit.
john1311 thank you for your post very enlightning
Organigram Trailblazer Torch Vape Cartridges Among First 'Cannabis 2.0' Products Company Distributes to Market
6:00 am ET December 23, 2019 (BusinessWire) Print
Organigram Holdings Inc. (NASDAQ:OGI) (TSX:OGI), the parent company of Organigram Inc. (the "Company" or "Organigram"), a leading licensed producer of cannabis, is pleased to announce the first of its 'Cannabis 2.0' products have been released, including Trailblazer Spark, Flicker and Glow 510-thread Torch vape cartridges.
Shipments of the custom-designed cartridges were sent to Manitoba, Saskatchewan, Ontario, New Brunswick and Nova Scotia, starting December 17, from the Company's Moncton production campus.
The first release from Organigram's suite of vaporizer offerings affirms the Company's commitment to supporting Canadians' access to a variety of regulated recreational cannabis products.
"As a company, bringing the next-generation of cannabis products to market without delay was important to us. We are proud to support access to tested, quality derivative-based products that we expect to help strengthen the regulated market and benefit those who prefer those product types over others," said Greg Engel, CEO, Organigram. "Being one of the first licensed producers in the country ready to provide vape products, following the expiration of Health Canada's 60-day notification period, illustrates that degree of focus and commitment. It speaks to an extraordinary effort by our internal teams who helped bring the Trailblazer Torch to market."
The cartridges, filled with C0-extracted cannabis concentrate oil and botanical terpenes, are custom-engineered with borosilicate glass and stainless-steel components, designed to accommodate a standard 510-thead battery. With three distinct offerings, Spark (sativa-dominant), Flicker (hybrid) and Glow (indica-dominant), inspired by dried flower and pre-roll products under the Company's Trailblazer-branded product lineup.
The release is the first of the Company's planned and staggered rollout of vaporizable products, including Edison + Feather ready-to-go distillate pens and Edison + PAX ERA(R) distillate cartridges. Launches of both products are set to occur in markets across Canada through January. Certain provinces have announced delays or other restrictions on the launch of vaporizable products in their markets including Newfoundland & Labrador, Quebec and Alberta and the Company is adjusting its distribution schedules accordingly.
The Company's next-generation product portfolio includes high-quality infused chocolate and a dissolvable powdered beverage product, designed using nanotechnology for faster onset of cannabinoids (when compared to traditional edible products). Planned releases of Organigram's edible products are anticipated through calendar Q1 and Q2 of 2020.
About Organigram Holdings Inc.
Organigram Holdings Inc. is a NASDAQ Global Select and TSX listed company whose wholly owned subsidiary, Organigram Inc., is a licensed producer of cannabis and cannabis-derived products in Canada.
Organigram is focused on producing high-quality, indoor-grown cannabis for patients and adult recreational consumers in Canada, as well as developing international business partnerships to extend the Company's global footprint. Organigram has also developed a portfolio of legal adult use recreational cannabis brands including The Edison Cannabis Company, Ankr Organics and Trailblazer. Organigram's primary facility is located in Moncton, New Brunswick and the Company is regulated by the Cannabis Act and the Cannabis
GMASON---Did you get a reply to your e mail?
reminder of updates that should have a positive impact on OGI stock.
this is fact not speculation. the next earnings release should
confirm OGI progress.
*UPDATE: Organigram Sees New Cultivation Rooms Representing ~13K kg/Year Of Increased Cultivation CApacity
Benzinga
*UPDATE: Organigram 'receives Health Canada approval for 16 additional cultivation rooms, expanded site perimeter for Phase 5 edibles facility including chocolate processing and packaging rooms'
not sure what is holding OGI down but that should change soon.
OGI is doing all the right moves.
FUNMAN--THIS POST HAS REALLY CAUGHT MY ATTENTION.
OGI IS BEGINNING TO BLOOM. I am looking forward to next earnings report.
The sales of new products plus Vapes should be a positive impact
on the stock.
By Emma Spears
December 24, 2019
While most retailers have received stock of second-wave cannabis products, the majority also sold out within a day of receiving the goods.
Saskatoon residents wanting edibles this holiday may have to make their own.
While most retailers have received stock of second-wave cannabis products, the majority sold out within a day of receiving the goods.
“Everything from our gummies and our chocolates sold out across all three of our stores within five to eight hours,” manager of the Prairie Records Broadway Avenue location Shauneen Wuttunee told CKOM.
“We got our [second-wave products] on Thursday and we sent out a text message blast to notify all of our customers that we have the edibles in. It took us an hour to process the order and get them out on the shelves, then by 8:00 or 9:00 that evening they were sold out, both at Stonebridge and Broadway.”
Wuttunee said that her shop had ordered a plethora of new pot-infused products, including chocolates, various flavours of mints, gummies, and vape pens.
If making your own is not an option but you’re desperate for the ultimate tasty stocking stuffer, Tweed reportedly still has a few in stock thanks to a late shipment and some reinforcements. But you’ll have to move fast, as products continue to fly off the shelves as soon as they come in.
“I was supposed to have a truck come in on Friday but I am hoping to get some in today,” said Wuttunee. “It will probably be sold by tomorrow, definitely, for sure.”
Second-wave cannabis products such as liquid-filled vapes, edibles, beverages, topicals, and extracts became legal in Canada on October 17, one year after federal legalization came into force. But due to a mandated 60-day waiting period, they’ve only hit store shelves this past week.
The news is spreading the stock is up today actually OGI is
probably the only cannabis stock that is.
Organigram Trailblazer Torch Vape Cartridges Among First 'Cannabis 2.0' Products Company Distributes to Market
BusinessWire
great!! then OGI should not have any sales restrictions.
I hope OGI is doing this.
Make vaping safe. and a good sales 0rganization will expand their
sales outlets beyond Canada. The market is huge. Go after it.
The SAFE Act Could Be 2020's Biggest Cannabis Catalyst
11:32 am ET December 16, 2019 (Benzinga) Print
Cannabis investors are hoping Canada’s Cannabis 2.0 will help improve sales growth and profitability in 2020 after a disappointing 2019.
Yet the U.S. SAFE Act may be the single biggest catalyst for cannabis stocks in the coming year, Cantor Fitzgerald analyst Pablo Zuanic said in a Monday note.
Cannabis 2.0 products such as edibles, vapes and beverages hit the shelves in Canada this week. While there’s no question the performance of these products is big fundamental news for cannabis stocks, Zuanic said all eyes are on the SAFE Act heading into 2020.
About The SAFE Act
The SAFE Act stops short of legalizing cannabis on a federal level, but it would lift the limitations on investments by banks and investment funds in cannabis companies in states where they are legal.
Following the MJBiz conference last week, Zuanic said Monday that the SAFE Act could have a chance of passing in the Republican-controlled Senate. The legislation has already made it through the Democrat-controlled House.
Cannabis could become a central part of the 2020 election season depending on how things shake out in the primaries, the analyst said.
"While we do not think the views of the current President on the question of federal cannabis legalization will be known until the Democrats choose their candidate (i.e., if Joe Biden continues to think of cannabis as a ‘gateway drug,’ that could provide an opening for the incumbent President, in our view), we think there is a greater possibility SAFE could pass in the US than cannabis become federally legal."
For now, Zuanic is bullish on the following cannabis stocks:
Aurora Cannabis Inc (NYSE: ACB): Overweight rating, CA$5.85 ($4.46) price target.
Aphria Inc (NYSE: APHA): Overweight rating, CA$10.40 price target.
OrganiGram Holdings Inc (NASDAQ: OGI): Overweight rating, CA$13.30 price target.
Benzinga’s Take
Don’t expect the Senate to take action on the SAFE Act anytime soon. It would make strategic sense for Republicans to use passage or rejection of the SAFE Act as a strategic part of election season if the need arises, depending on the political climate.
WHERE IS OGI HEADED. I AM NOT SURE BUT I AM ALONG FOR THE RIDE.
IS NOW THE TIME TO GET ON BOARD. HUNCHBACK---WHAT DO YOU THINK
OrganiGram Holdings Inc (NASDAQ: OGI) (TSE: OGI) operates at the lowest cost, at roughly CA$1 per gram
Organigram Receives Approval to Expand Production
Dow Jones
6:03 am ET
*UPDATE: Organigram Sees New Cultivation Rooms Representing ~13K kg/Year Of Increased Cultivation CApacity
Benzinga
6:02 am ET
*UPDATE: Organigram 'receives Health Canada approval for 16 additional cultivation rooms, expanded site perimeter for Phase 5 edibles facility including chocolate processing and packaging rooms'
Benzinga
6:01 am ET
*Organigram Reports Received Licensing For Chocolate Production, Packaging Area
Benzinga
6:00 am ET
Organigram Receives Licensing for Chocolate Production and Packaging Area; Increased Production, Drying and Other Post-Harvesting Areas
BusinessWire
OGI IS ON THIS BAND WAGON
The True "Green Rush" is Coming in 2020, and Only a few Retail Companies are Ready for it
8:00 am ET December 10, 2019 (PR Newswire)
pot smoking on the job can cause a fire.
Cannabis Market Size Worth USD 97.35 Billion by 2026; Driven by the Massive Product Demand Across the World, Says Fortune Business Insights(TM)
Globe Newswire
glad OGI IS STILL AROUND AND NOT SELLING. AT LEAST NO RUMORS SO FAR
HBG REST TOMORROW AND UP AGAIN ON FRIDAY. :) OGI !!!!!!!!!!
What ever works I guess ---much rather see news of lasting importance
UPDATE: Cannabis stocks boosted by expectations of a spike in spending on weed over holiday weekend
OGI is going up this morning. got to like all the love it is getting.
this stock has a lot of upide potential in spite bad news as some would say. Hunchback keep buying. others are with you and I know i am.
Hunchbackgeek-------does OGI HAVE ANY SALES OUTLETS IN USA
NEVER COULD UNDERSTAND WHY CANNABIS WAS ILLEGAL.
WHISKEY AND BEER IS NOW LEGAL.
UPDATE: Cannabis stocks rally for a second day after House passes bill aiming to lift federal ban on weed
Shares of cannabis companies are trading higher, continuing to rebound from recent selloffs. Bank of America's Canopy Growth upgrade and recent reports of a potential bill to lift the US federal ban on marijuana are additional positive catalysts.
pick one- Wait--buy more---sell not many know what to do.
your choice may be the best for you
OrganiGram Holdings Inc. Is Maintained at Outperform by Raymond James
Dow Jones
still loved by nany
Hunchbackgeek
OGI= OPPORTUNITY
Glad to hear you are still buying and not selling. There are somr
smart people on this board doing the same thing as you, myself
included. The opportunity is in front of us.
yup its time some big boys stepped up.I plan on picking up a lot
of table scraps today. theres no crying in the stock market.
Hunchbackgeek I woke up this morning and was thirsty. my glass was half
full. not the end of the world. I still think our CEO has plans to right
the ship. Full steam ahead.
Gmason----no one said they needed the cash. maybe they want it to expand the business...let not jump to conclusion until the facts are presented.
if anybody on this board has any updates please jump in.
UPDATE: Short sellers are increasing bets on cannabis stocks even after summer selloff
MarketWatch
Earnings release date==11/25 watch the shorts retreat soon
FUNMAN
Can you give any status on USA MARKETS and International Surely
OGI is not depending on CANADA only.
here is a forecast for OGI. please look at this as a forecast and not
written in stone. any thing can happen to influence the outcome.
On average, they expect OrganiGram's stock price to reach $9.43 in the next twelve months. This suggests a possible upside of 161.8% from the stock's current price.
I am very long on stock and will be very happy if this forecast is achieved
or beaten. I keep hoping a deal in the beverage industry that would
make this stock skyrocket.
hunchbackgeek will it be today????
IS This earnings release day??????
HUNCHBACKGEEK---THIS IS GOING TO BE ANOTHER STRONG UP DAY FOR OGI.
AND ON MONDAY 10/21 EARNINGS SHOULD BE RELEASED. MANY HAVE BEEN FORECASTING A LARGE SPIKE. I hope your fellow Canadians have followed
your lead as OGI is on its way. lets buckle up and watch.
Cannabis 2.0: Canada Set to Legalize CBD Topicals and Beverages October 17, 2019
PR Newswire
OGI STARTING TO RECOVER FROM DOWNSIZE PRESSURE. OGI IS UP AGAIN TODAY.
TOO SOON TO CELEBRATE BUT I HAVE POPED THE CORK.
Gmason----two large block trades of 1.2million shares took place.
details unknown but it happened.
L00ks like OGI is going to have another strong up day today
This is not turkey day, the news is out and the Eagle is soaring.
guess who benefits for doing things the right way--OGI
Cannabis 2.0: Canada Set to Legalize CBD Topicals and Beverages October 17, 2019
oh by the way---Shorters are heading for cover
FUNMAN--Great post.. now tell me how you really feel.:}