me also. just picked up 1500 at.38. had a good chat with invester relations today. email below
Thank you for your interest in Organigram and continued support!
I believe OGI has been seeing some selling pressure from the recent escrow release that took place on December 23rd. This release included the shares from our RTO along with a 10% escrow release of the early private investors into OGI. These investors have a lower share price and being that this is their first release, we are seeing some selling pressure.
Regarding the company, I am very excited about the next few months. As you probably saw in late November, we completed three new grow room and these are just about to enter the production and harvest cycle. We are expecting to harvest the first of these three rooms on March 1st with the 2nd rooms being harvested in mid April and the 3rd in mid May. With the new capacity coming online we are on the cusp of beginning to see some significant cashflow and company growth.
I hope this provides some clarity about the short terms share price movement as well as an idea of what is to come.
If you have any further questions please do not hesitate to contact me.
Regards,
Brett Allan
Director of IR & Business Development
Organigram Inc.