OrganiGram Holdings Inc (OGI): Read/listen to this. OGI spent $50 mill...

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GMason

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Monday, 03/02/2020 11:54:32 AM

Monday, March 02, 2020 11:54:32 AM

Read/listen to this. OGI spent $50 million on that chocolate line.

What the heck were they thinking, how long will it take to make 50 million in profit from the chocolate line. I don’t see them making that back in 10 years even. 10 years would mean they are pulling 5 million of profit off the chocolate line per year. There is not a chance of that happening. What is the logic behind investing that much on a product that you don’t even know if it will be a big seller. Engel says in the interview it may be one of the best chocolate lines in the world and that’s out of all chocolate producers not only infused chocolate producers. What the heck do they need that high producing line for, the fact is they went on a spending spree with shareholders money by hitting the ATM hard. This really irks me money could of been way better spent. Greg Engel AKA Willy Wonka.

Some good info in the interview too.

https://www.newcannabisventures.com/organigram-bets-big-on-chocolate/