More info on OGI warrants in the article below.
Basically they were released and are now trading on the open market. Unlike other warrants that may be privately traded (in my opinion are even more high risk because you can't just sell instantly on the market)
Not sure how many have been converted yet but there was a max of only 4.9million outstanding total...
There's relatively low volume with them because everyone that has a warrant is waiting until the November news.. It doesn't make much sense to sell before then to be honest. So they're a bit hard to get your hands on but if you can buy them just like normal OGI shares under the ticker OGI.WT.VN.
They are more volatile, but I see OGI hitting it's price target of 2.25 and if that happens the warrants will be trading for around $1.00 or more. Given that their price right now is 0.70-0.75, that's a decent increase if you wanted to just trade the warrants even rather than hang on to them for the long haul of the industry.
Yes, they are high risk in the event of terrible industry news. But make your own decision, if November news were to be negative then every weed stock is high risk because they are mostly based on speculation and wild build out capacities. I'm not concerned with negative news anyhow, November is going to include LP's in the legalization process, of that I am certain.
These warrants are also extremely high reward ;).
Hope this helps
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New Listing-Warrants Effective at the opening Friday, June 3, 2016, the warrants of the Company will commence trading on TSX Venture Exchange. The Company is classified as a 'Industrial ' company. Corporate Jurisdiction: Canada Capitalization: 4,933,500 warrants are issued and outstanding Transfer Agent: Equity Trust and Transfer (TMX Equity) Trading Symbol: OGI.WT CUSIP Number: 68620P127 The warrants were issued pursuant to Company's Prospectus dated May 27, 2016. Each warrant entitles the holder to purchase 1 Common Share at a price of $1.40 per share and will expire on December 2, 2017.
