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meh beats all the bought deals other companies will be doing just to keep the lights on. doubt this will even hit us as hard as that will hit other shareholders in other MJ companies.
this is probably literally the summer we've been waiting for. oil well drilled next to billion dollar company, indoor grow finished and summer season we will make up for these dry months. rome wasn't built in a day.
can u explain this "small reduction" of shares, its very interesting...
just suspended, not revoked. puts more consumer trust in the industry if you ask me, shows the need for legal regulation/ restriction, and OGI will be more careful with their product.
they also have
Quality Control Technician
Quality Assurance Technician
job openings
https://www.organigram.ca/careers/
they will sale through these times and come out stronger.
January investor deck is here:
https://www.organigram.ca/assets/Uploads/OGI-InvestDeck-January-2017-v.pdf
Damage is done for recall, it's in the past, OGI will be fine and remain green, it's moving more into food production anyway and is only 2 months away from Rec play starting where it won't need patient counts to earn a revenue, and will blow up through rec sales. Still a long and green company that has great financial management.
https://www.congress.gov/bill/115th-congress/house-bill/715/text?r=2
could be a path to US expansion for OGI and other Canadian MJ stock.
bid is higher than last trading session for me so I don't consider this bad trading at all.
my broker lists my current stock position price with the bid price so to me today was green.
anything anyone want to be added to the board? it's great to see a CEO buying over hundred thousands of dollars worth of shares in his own company, I'd do the same if I had the money and saw the CEO doing that.
$OGI!
wow CGRA all over the place this morning huh, looks like someone got screwed out of their shares...shares that are literally gold being shaken out of position before next leg up possible run. DOW hit 2000 mark today, and Trump has ok'd Keystone XL pipeline showing his support for American oil and indirectly showing that he sees oil price going up because that is the only way Keystone XL would be useful or profitable.
$CGRA!
either way this will be a boom of a lifetime, because of the oil assets and Trump cutting off foreign oil and turning on American production.
beginning to think apples should be recalled because of the cyanide in their seeds, which is arguably more than was detected in OGI soil. bodily enzymes can detox cyanide, patients will be fine, it would take smoking pounds of infected stuff to kill someone with acute toxicity.
don't think any recalled medical product will matter with OGI looking to rec for company's future.
most investors are more interested in investing in a rec MJ company, OGI is still fair game.
they've just purchased 100 000 sq. ft. of land for $600 K, they are still rev positive and using their warchest wisely.
This new purchase would bring their total useable grow space to over 300 000 sq ft once buildout is done, plus they do vertical grow, and look super interested in edibles which won't have recalls due to pesticides.
All in all patience will pay off here, less than a year left until rec laws are passed and we can get our hands on some real profits.
I think if it was more serious as some people are claiming, it would have warranted a more serious response from Health Canada.
doesn't seem to be any attempt to cover it up, in fact they have come out telling people exactly what is going on. let me know if anyone gets sick or dies, seems like fluff to me especially since this is banned stuff in all MJ states and Canada, and OGI has come across it back in 2015 and showed how much better they are than that. so to me, they should know better and they probably do, this is super responsible way of handling the situation as well.
they are still Ecocert according to their website front page.
https://www.organigram.ca/
"Certified by Ecocert Canada"
they found trace levels in the soil, not like you are consuming soil anyway and they are trying to use it to get PPS down so they can load up before April. The only way it could have been in the actual plant that is consumed is through the use of pesticide spray which organigram has reiterated that they do not use and is banned in Canada anyway. It's not likely to cause anyone health effects as stated by HC, unless they are consuming the soil as well, and there is probably no bud left to recall anyway.
So all in all it was an effort to get weak hands shaken out because these guys actually have their own money invested in this company I doubt they are going to watch it go out the window for nothing.
bullshit trying so hard to bring PPS down.
https://www.organigram.ca/latest/organigram-holdings-inc-comments-on-colorado-pesticide-lawsuit/
was in Greater Toronto Area yesterday afternoon and there was a guy with weed at the bus stop and a guy with weed walking by the bus stop smoking a joint, all within the 10 minutes I was literally waiting for the bus, literally there are stoners a stone through away in this country, I could see 1 in 2 consumers in literally every adult male I crossed in the area. There will definitely be a huge market and people don't quite carry around alcohol in the same way I think it will be an even bigger market than the alcohol beverage or tobacco industry because it is a healthier and more enjoyable alternative to alcohol & tobacco and I think consumers will pick up on that.
also if you look and the surround land between our location and the trans Canada highway, we have huge room for expansion if we keep buying up land for cheap, compared to other LPs all without having to change HQ and get a new license. Also the Atlantic ocean port Port Elgin is to our right so there are options for shipping as well should the future provide favourable conditions. Very strategic location.
https://www.google.ca/maps/dir//35+English+Drive,+Moncton,+NB+E1E+3X3/@46.0808959,-64.8402692,426m/data=!3m1!1e3!4m8!4m7!1m0!1m5!1m1!1s0x4ca0b8f4894918c5:0xa5624541803ef345!2m2!1d-64.839402!2d46.0806613
also means no dilution I doubt they want any MM screwing with the PPS anymore.
looks like they want to go OTCQB as international. that's why they have the OTCQX sponsor.
"Submit a Letter of Introduction from a firm qualified to sponsor companies on OTCQX (International Reporting only)"
http://www.otcmarkets.com/services/companies/otcqb/requirements
yea sounds like a shake to me as well, who honestly still has bud from 2016? they are playing chicken with the legislative train at this point we are so close to the introduction of the new laws. smart investors may want to play along though.
If I was Bill I would do everything in my power to see that this company succeeds, and it wouldn't really be that hard with the position it is in. With so much potential it's really hard to f this up, anyone who does proper DD would know that, one thing you have to learn is patience here.
On another note, I don't know anyone who really uses CBD oil for rec purposes that's more of a medicinal thing, good to see they are expanding their market opportunities in MJ as well. Even if Trump allows rescheduling for medical purposes we are poised to capitalize majorly off that as well.
look out for any news today. a couple more of those buys and we'll be in high 2s again this was brought down on low volume anyway. majority of shares were trading in high 2s.
starfish needs to update board, CO2 machines are approved...and will be in operation from tomorrow.
only one season left literally counting down the days until april when legislation is introduced.
also 2 auto trimmers and oil machines this company is ready for the big leagues.
without dilution and a couple good quarters in 2017 I would think so, oil is definitely starting to prove its worth, and who knows Trump might change his stance on MJ...atleast the company has real fundamentals to back it's share price, I don't mind holding it.
CDEL is the only one willing to sell any real buying will defeat them. plenty of catalysts on the near horizon.
CDEL not on the ask today? think maybe they have finally run out of shares?
any word on the CBD machines up and running yet?
seems like plenty of catalysts on the horizon for the stock in MJ and oil.
http://finance.yahoo.com/news/organigram-reports-financial-results-summary-140000530.html
Cash flow positive for the full fiscal year 2016. Pretty much the same income as Canopy at this point. Going to pass them soon with such low operating margins, probably already have.
Beautiful quarterly over $50 mill in assets and rec hasn't even started yet based on projections we'll be past our current market cap within a year in revenue:
https://www.organigram.ca/assets/financials/Organigram-Holdings-Inc-Financial-Statements-Aug-31-2016.pdf
new investor package out for December covers some current stuff happening with company:
https://www.organigram.ca/assets/Uploads/OGI-InvestDeck-Decemvber-2016v5.pdf
Says:
- $1.05 per gram cost to produce which is super low compared to competitors.
- Cash Flow positive. Again different from competitors.
Other points to consider that are not mentioned:
- After current expansion is complete within a year, we'll be generating more revenue than current market cap.
- Warchest has enough money to buy huge capacity expansion and proper US entry if market conditions open up over there.
it's to make edibles and other rec products that are not traditional medicinal products.
stranger things have happened but it's not every day a penny stock sets up an oil rig next to a billion dollar oil rig, I still like the odds here.
when a company doesn't dilute it doesn't have need to put out PRs, but I like that they are keeping us on edge because atleast they keep potential shorters away and know what they're true value is over what potential shorters would have done to the stock with PRs.
nobody cares more about your money than you bro. remember that when you consider other peoples' advice.
http://www.thegreensolution.studio/tgsinternationalpartnership/
according to the video nectar bee edibles will be sold through OGI...yummy...
https://www.tgscolorado.com/edibles