OrganiGram Holdings Inc (OGI)

[GMason]

Huge dilution by OGI last Q here is the info right from their financials. And folks kept saying oh they won’t use the offering, what a joke and what foolish thinking.

“As of the date of this press release, the Company had issued 7,302,600 common shares for gross proceeds of approximately $22.9 million at a weighted average price of $3.14 per common share, leaving about $32.1 million available for common share issuance under the ATM program.”

They played a huge part in taking the stock down from $4.00 to $2.00 with that massive dilution. And that was only about 35% of it and guaranteed they are using the rest real soon. Shareholders are now paying for much of what they do. Think of that they had to infuse 23 million into the company last Q to keep the business going.