OrganiGram Holdings Inc (OGI): Agreed, patience is warranted, strong wa...

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MagicStone

Re: Goodbuddy4863 post# 2433

Monday, 11/21/2016 11:41:04 AM

Monday, November 21, 2016 11:41:04 AM

Agreed, patience is warranted, strong warchest over $60 million after the bought deal, only $3.6 million in debt, some of these other companies are burning more than that each quarter, and racking up more debt, and the capacity upgrade allowing $100 million in sales a year 2018, also this quarter as far as I can see is going to be another positive revenue quarter so they really are taking full advantage of their position right now by raising funds, and staying ahead of the curve as far as sustainable growth goes slow and steady wins the race, especially when you consider some of these companies may not even be able to satisfy their debts in the future.

I read some articles written today, this morning saying $2.30 is support to look at, so I'm guessing this thing really has nothing to worry about, as well as American expansion is a huge possibility. Really interesting stuff.

http://www.whatsonthorold.com/2016/11/21/organigram-holdings-inc-otcmktsogrmf-continues-expand-production-capacity/

http://www.profitconfidential.com/stock/organigram-holdings-inc-ogi-stock-rally-hinges-on-this/