OrganiGram Holdings Inc (OGI)

[GMason]

Brutal day for OGI, was a terrible time for them to start diluting a few months ago and shareholders are paying for it big time.

Weak THC counts on majority of SKU’s, two Class action law suits, $10 million spent on a chocolate line that will sit idle 99% of the time and massive dilution.

Still can’t believe they wasted so much money on that chocolate line that produces 60,000 pieces in 8 hours. How long will it take them to make the $10 million back from that. Just like they have done in the past though before even testing the market they go all in. Why spend that much before you even know if chocolate will be a big seller. It’s not in the US and prob won’t be there either Gummies are actually the biggest sellers for edibles. One of their biggest issues is them deciding on products with no research of what sells in a mature market. It’s obvious they didn’t and still don’t do research of sales to decide their products. It literally could take them 10 years to see a profit from that $10 million spent. And that’s profit not just revenue. Guess OGI doesn’t care how much it costs because anytime they need cash lately they just go to the ATM and dilute themselves up a few million dollars. Engel may need to be replaced if he’s not smart enough to bring in someone in with knowledge of the cannabis market