OrganiGram Holdings Inc (OGI)

[GMason]

I would prefer traditional lending like they have always used and why I became a share holder. It should be a major red flag to anyone when they have to raise money vs. a traditional loan.

Your signaling to investors either you are no longer able to get conventional loans or that you just don’t care about your shareholders and your willing to burn their money vs. taking on debt. If they used this for an acquisition I am ok with that but nothing says this will be used for that actually the opposite looks to be true. Seems they need money ready for the two class action lawsuits coming against them. One for sure for selling tainted MJ back in 2015 and the second most likely coming for their cooling towers having elevated bacteria counts and residents contracting legionnaires disease. Revenue is declining there is an over abundance of MJ in Canada so producers are scaling back and OGI incurred millions in costs for grow rooms they are not even planning on using now actually they are talking about converting them for other uses.

This is going to get much cheaper.