OGI

NoOcelot

CRON still has a mountain of cash. VFF has cut out veggies to focus on high-margin weed. OGI in less amazing shape but still got a big BAT investment.

GeoLogic23

[Cannabis retailer High Tide's sales double, inks deal with Germany's Sanity](https://mjbizdaily.com/cannabis-retailer-high-tides-sales-double-inks-deal-with-germanys-sanity/) >“With a well-established track record in Germany with respect to medical cannabis, finished pharmaceuticals, and cannabinoid-based consumer goods, High Tide believes that Sanity Group is the best-positioned potential partner in its home market of Germany,” High Tide said in the release. >The deal calls for the business to work together on: >Go-to-market strategies. >Identification of M&A opportunities. >Sourcing of high-quality real estate. >Expansion within European markets. >Regulatory compliance topics such as licensing and government outreach. Sanity Group is the German company that BAT and OGI are invested in.

GeoLogic23

You either have me confused with someone else, or you haven't actually read my posts over the years. I've spent quite a ridiculous amount of time documenting all the conflicts of interests between Irwin Simon and the old Aphria insiders. And I've long been very open about the fact that OGI is my primary canadian cannabis investment. To say Tilray is an "old favorite" of mine is hilarious. It's actually only very recently I've started putting money into them. Where are you getting that Tilray is an "old favorite" of mine? I'm sincerely wondering.

GuyOnTheCouch420

Attention still going to to cGC and TLRY is part of the problem why everything is beaten down. They are 2 of the worst ones by far. Look at CRON, VFF, OGI. Completely different story they just don’t get the attention for some reason.

FoodCooker62

I do not know how you look at tilray, cgc and acb and conclude that they have 'low p/e, consistent revenue growth or good balance sheets'. Maybe the balance sheet for acb is solid but thats after printing a trillion shares. None of these companies have ever made a dime selling cannabis and just these 3 companies collectively have burned over 15 billion dollars investor money. None of these companies have any growth when accounting for the trillion shares they printed.  There are good cannabis stocks. They are mostly smaller and overlooked. Green Thumb is usually top dog in any concersation about quality. high Tide, trulieve, OGI, VFF, Auxly, rubicon, glass house, IIPR are some names that I would call 'high quality cannabis' but every company in this sector needs to be scrutinized intensely before investing. 

NoOcelot

Meh OGI and CRON maybe, but CGC lol

4Inv2est0

That's crazy, whats makes you leave out CRON and CGC?! Even OGI

mfairview

Trade To Black, OGI and VFF mentioned around 9m re:European Players https://www.youtube.com/live/L3Nzj45PrxI?si=K775IPY0JPt83_TC

Chainmale001

Every. Single. One. OGI is the only one surviving and that because it's fucking Canadian and they moved over seas before anyone else. They have a chunk of the german market.

TomorrowLow5092

and our brother OGI for those in the know.

GuyOnTheCouch420

Look at some of the Canada LPs that aren’t CGC or TLRY. Not a ton of investable companies in US other than GTI, might as well get international exposure. Safest would be CRON for balance sheet and pretty good business trajectory, negative EV but doesn’t burn cash. ACB good numbers but not really in rec - basically a Europe/austrlaia medical company (just historically was more of a Canadian LP and now just does medical). OGI and VFF high risk high reward but run well. oGI ceo on way out but BAT still backing. VFF ceo is buying shares everyday which is a good sign I think. Also TPB is kinda cannabis adjacent with zig zag but more nicotine. Has some cannabis investments. Good company. Terrascend I trust Jason wild but that’s basically the only reason to buy it.

Rango698

Company Revenue Trend Profitability Trend Latest Net Income Financial Health OGI Strong growth Improving, now profitable $11.75M (TTM) Healthy TLRY Moderate growth Still unprofitable, large losses -$789M (quarterly) Weak ACB Modest growth Recent profits after losses31.67M CAD (quarterly) Mixed. Looks like OGI may be worth improving thier financial profits. That's a good thing. OGI is showing the strongest and most consistent improvement in profits and financial health. ACB has recently posted a profit but remains challenged by negative EBITDA. TLRY is growing revenue but remains deeply unprofitable.

ratsatemyfamily

Okay folks I need some help. OGI, TLRY, ACB. I’ve lost money in all of them but have been holding with hopium. Should I dump these or continue to hold? Could sell and use remains for CTM, which I think is going to explode Monday. What are the thoughts here? I’m new to this 🐣

4Inv2est0

Like I said, they are not as impacted by excise taxes. Are you familiar with how they are calculated? The average selling price of Rubicon cannabis makes the % excise tax a lot closer to the intended 10% rather than the OGI and VFFs cannabis which would result in an effective excise tax of 20%, 30%, some cases more. I very much recommend doing some research into excise taxes if you are investing in Canadian cannabis LPs, as well as reading their financial statements to get more of an idea how these expenses flow through to gross margins etc.

4Inv2est0

Seems like a lot of LPs need capital. Other than Cronos, can't really think of any others. Somehow OGI spent close to all of their unrestricted cash. I was very bullish on them until they released their last statements.

4Inv2est0

OGI investors be like "Wow look at all our restricted cash!"

NoOcelot

What's weird is why people even look to bloated pigs like Canopy and Tilray to measure sector sentiment. There's good performing mid cap LPs (VFF, OGI) and fantastic small caps (XLY, LOVE, DB) that deserve far more visibility.

GeoLogic23

Yea idk. Trying to prop up the share price never really made sense to me, but the timing would appear like that's what he's doing. They just got cash from their privatization, so they shouldn't necessarily need to raise money, but what other point is there of a short-term propping up of the share price? You wouldn't care if a reverse split dropped the share price if you weren't trying to use that valuation for something. One other thing I was considering is that they could be courting an outside investment. I don't know if this is a legal requirement, but it would make sense to me that a large company wouldn't invest in a company that is currently out of compliance with their listing. For example, OGI could have asked for an extension before they reverse split, but they didn't. Very shortly after the reverse split was complete, BAT made an investment in them.

4Inv2est0

What was the biggest risk to CGC? Bankruptcy. That would mean they can't pay their debts. Did you see the decrease in their debts year over year? Take a look at their Financials. In a very strange way, CGC is starting to look better than both TLRY and OGI imo

4Inv2est0

Geo unblock and I will explain the OGI cash balance...it just might not be what you are wanting to hear

4Inv2est0

I'm wondering where their next cash infusion comes from. Can't come from BAT from what I understand. What are investors willing to pay for a chunk of OGI equity?

Orennji

OGI unless something changes with BAT. I'm not as phased by the CEO retirement. Smaller market cap and more aggressive operationally.

GeoLogic23

So weird how you can't just say a number lol yes it's quite easy to find. I'm just wondering why you are so resistant to just talking numbers. I started to, and you went back to general statements. I was waiting for you to realize you had to open up the filings lol you had to outsource that info too. You're almost there now though! You can do it!! I believe in you! I'm pretty confident in what they are doing. They could've used more shares in the Motif acquisition instead of cash if they wanted to. BAT used their top up rights anyway, so they could've easily done it like that. I already discussed the CEO event multiple times. There isn't any drama lol she is staying for 4 months to transition CEOs. That is the opposite of drama. Why are you ignoring the things I've already said? I hate having to repeat the same thing over and over again. Starting to realize i wasn't missing much with you having me blocked. I'm in the green on my OGI position btw. I don't think many people can say they are in the green on their primary cannabis investment. So while i appreciate your concern, I don't think i need your help.

4Inv2est0

Do you follow OGI? This is surprising

4Inv2est0

Why would I read the statements for you? I can tell you where to look if you have only been reading the press releases. As another redditor mentioned, they don't really split up restricted and unrestricted cash in the press releases, you need to actually read the statements for that. I do think there is an equity raise coming. Just pull up the Financials for yourself. Look at their cash balance. Then look at their income statement - loss from operations. Does that help? Apologies you don't like that I'm not telling you the answer, but rather where you can look to find the answers. Using what you found, you seriously don't think there is an OGI equity raise coming? Are you comfortable holding through the new CEO drama as well? Each investor has a different risk tolerance

GeoLogic23

lol outsourcing your math again. I saw you try to say "OGI equity raise" again on the daily before you deleted it. Feel like answering my question now? Or did you decide to bail on the conversation when i requested we discuss actual numbers instead of vague statements? https://www.reddit.com/r/weedstocks/s/f2694WYOrt You are very focused on this number, so I'm wondering why you can't even say what it is. We're going to go through the math step by step here. Go ahead.

4Inv2est0

Are you really bullish on OGI? How many quarters of unrestricted cash do they have left on hand? Hint: they are cash flow negative. More importantly over and over, they have negative cash flow from operations. You can check the numbers on their financials.

4Inv2est0

Which is a better investment, CRON or OGI?

4Inv2est0

OGI equity raise imminent?

4Inv2est0

The first step would be to read actual press releases, and financials from the company. You seem very confused about OGI and their cash. Their statements will make this much more clear. You won't get this info on reddit, read the statements directly from the source.

4Inv2est0

Hey Geo haven't discussed in a while hope all is well. Who replaces Beena? Can they really afford a higher salary for the CEO? They are already cash flow negative and will need to seek an equity raise unless they can get costs in line fast. Did you read the statements they just released? OGI is not the financially healthy well funded LP I perceived them to be (as per the last financials) Those Motif and Collective Project acquisitions really did a number on their balance sheet, and barely moved the needle on their income statement.

GeoLogic23

Along with OGI recently entering the low dose THC beverage market, this is giving me even more confidence we will see federal movement on hemp cannabinoids in dietary supplements and food/beverages. The Farm Bill is coming up for debate soon (again). BAT clearly has confidence in low dose hemp surviving in the next version, as both of their companies are moving into hemp THC.

GeoLogic23

Can you link me to PM themselves talking about this lately? I would be curious to read their comments. Idk what you're talking about with OGI though? BAT literally just closed on a new investment in them a few months ago lol can you elaborate?

4Inv2est0

I'm very worried about this news. Beena has been leading a lot of the changes OGI went through. Difficult role for a new CEO to find themselves in, considering their unrestricted cash balance. First order of business might be an equity raise?

GeoLogic23

Did Philip Morris announce that, or are you referring to the articles talking about Aurora and stuff? OGI is mostly owned by British American Tobacco already though.

GeoLogic23

Beena Goldenberg leaving OGI after being the only CEO who obtained a significant outside investment in recent years. With BAT's high level of ownership in OGI, and the fact Beena is staying on until the end of September, this feels like they have a very mutual understanding that BAT wants to bring in a seasoned CEO who has run large international companies. Nothing but praise from me for the work Goldenberg has done over the last five years in a very challenging sector.

4Inv2est0

Where is OGI going to trade now that their CEO is leaving .... One day it will be amazing to hold OGI but they really worry me these days. When is the next equity raise coming?

Flipside68

“Blame Canada!” Canadian LPS I’m sure there is a list of you google it. ACB, TLRY, OGI. Are some examples.

hambone_83

MSOs have to deal with selling a federally illegal product, no banking access, 280E, no interstate commerce, an unregulated growing hemp community, different laws/regulations in each state, etc.......That's already an extremely difficult environment today. And you think federal reform will make it harder??? Cream always rises to the top. The top operators will adapt when new regulations happen and the bad operators will struggle and go away. This isn't exclusive to just cannabis, its every industry. The same thing is going to happen to MSOs that happened to LPs. Early winners were the ones that were best at tapping capital markets early and winning the land grab race. In Canada ACB, Canopy and Tilray were great at raising capital and leveraging it to grow and gain an early advantage. Today those names are not the ones winning, those instead are the strong operators like OGI, VFF and a few others. Companies like Curaleaf, Ayr, Cannabist and even Verano were great at getting in capital to take an early lead in the cannabis race. Today those and others are struggling because they are not good operators, plain and simple. The ones that operate sound businesses will win long term - with federal regulation changes or not. Which brings me to my original point on why I responded to your comment. Your comment of Tilray looking undervalued compared to GTI. The publicly traded cannabis market is not efficient but it is not absurdly wrong either. There is a reason the market is giving Tilray its valuation compared to GTI. Nothing is happening in a vacuum.

4Inv2est0

When OGI says they send their cannabis to a European processing facility in Portugal, are they referring to TLRY? Will OGI getting EU GMP put those profits flowing to TLRY in jeopardy if they can now ship directly? Also OGI waiting on EU GMP is almost like Supreme waiting on their license.........soon?

Many_Easy

Actually, Tilray Brands is **not about to go to lowest cap.** Still one of the largest market caps of LPs in Canada that is not allowed to sell recreational cannabis (not talking about intoxicating hemp) in the U.S. TLRY market valuation still higher than OGI, ACB, and CGC. Please don’t confuse your crystal ball with factually current information. Also, please doublecheck your share price X shares outstanding math.

FoodCooker62

More troll tier liquidity in the company most responsible for burying the sector. CGC now worth about as much as OGI, VFF and Auxly combined despite being the company equivalent of a lobotomy. This sector is hopeless. Worst capital allocation found anywhere in the stock market. 

MSOGangBaystreet

OGI no

StarMaker7

Which company is better to invest in, High Tide or OGI now? I'm currently holding OGI

Feisty_Honeydew_1392

OGI is feeling like a sure thing to get to 2.40 by next quarter

FoodCooker62

Even today, after burning almost 10 billion dollars and having no viable business model left, CGC is worth as much as OGI and VFF combined. Up another 5% today because you know, funny meme stock go brrrr. Shithole sector. 

4Inv2est0

OGI cash balance......money well spent??

MSOGangBaystreet

For LPs I’m only really interested in cronos, oranigram and Cannara. However at current price only OGI interests me. For msos p13, cresco and Terrascend interest me… yeah yeah if cresco drops more maybe I’ll buy some but all I’m saying is I’m noticing that LPs are gaining strength while msos are slowing down a lot. Whats the issue?

4Inv2est0

Did anyone here read the OGI Financials? Thoughts? Really difficult situation...they are #1 in adult use cannabis in Canada, but how can they avoid an equity raise at this point? Also wouldn't BAT prefer an equity raise at this point? I doubt they care as much about share price fluctuations rather than long term stability. OGI needs a solid cash position when CRON is their competitor.

StarMaker7

I'm not trying to hate it, but what's so great about Terrascend? Wasn't their recent ER not so good? What am I missing? By the way, I'm holding OGI and CRESCO.

theduderino38

$6 Trulieve $7 GTI $8 MSOS $7 Tilray $2112.85 Greenlane 😂☹️ $0.30 Cannabist $2.70 Cresco $1.50 ascend $7 verano $1.20 planet13 $7.70 Cron $5 OGI $4.20 Sundial $0.13 MedMen And many many other LPs various ETFs

StarMaker7

I don't care how they made their money. I like the fact that OGI is getting into THC beverage market—smart move, IMO. Let's not forget Germany is just around the corner, ready to explode with profit for LP's. It's a perfect time to invest in OGI and HITI while they are at rock-bottom prices.

StarMaker7

Watching OGI...ER was excellent!

One-Yard9754

Yes I have a very large position in green thumb, it was even bigger but I took a good chunk and put it into ACB. I have 2k shares of Trulieve and a tiny chunk of OGI. I actually thought of moving more capital from Greenthumb and Trulieve into ACB because I don’t see any catalyst in the US MSOs. If there’s a news source I would quickly switch back into them…..

Many_Easy

The Dales Report just said that the biggest CEO in Canada was Beena Goldenberg of OGI (Organigram) and the biggest in the U.S. is arguably Boris Jordan. I like Beena and find her to be a shrewd operator, but she’s not the biggest CEO in Canada. Where does TDR get their information- do they just talk out of their ass?

Cool_Ad_5101

Green thumb should be a survivor and I am hoping trulieve and cresco. I don’t really care about the rest to be honest. I made a lot of bets and so far am Losing but all my cannabis portfolio except for a very small postion in OGI are in these 3 

GuyOnTheCouch420

i think its because when OGI stock drops the warrants that BAT had become less valuable so that is a profit booster to OGI. I'd ignore it - shouldnt matter same way it shouldnt matter if the stock goes up and they show a loss from that. they are one of a few sustainable LPs and theyve proven that. not going anywhere

GuyOnTheCouch420

They're businesses were about the same size pre-motif acquisition (dont forget OGI is reporting in CAD versus CRON in USD). I'm sure CRON had a look at Motif as did TLRY and SNDL and anyone else big enough to pay for it and OGI just wanted it more. I think that difference between OGI and CRON is that CRON seems more bearish and patient on Canada (look historically) and OGI is more optimistic/aggressive. Historically that has worked much better for CRON but time will tell who's approach is better and timing is right. As of today, OGI paid $90M for Motif and their EV is pretty close to that so they still need to grow and realize synergies for that deal to have been worth it.

4Inv2est0

I hear you. Appreciate you posting it! Will discuss more on the OGI post

TreeSmoka420Joka

As someone who has been holding OGI for more than 5 years I couldn’t be happier with these earnings!!!

Russticale

Well this premarket looks saucey, nice job OGI.  

4Inv2est0

Anyone going to post the OGI earnings so there is a discussion outside the daily post... What is the expected 12 month total operating expenses? If they can keep expenses in line and expand margins as expected.... OGI can be an earnings powerhouse

4Inv2est0

OGI just made CRON look like a craft producer with a huge bank account.

TreeSmoka420Joka

Looking forward to OGI’s earnings next week!

Theyogibearha

OGI If ya know, ya know. Ya know? 

Capital-Athlete2236

I doubt CRON will be purchasing OGI. OGI is starting to look like one of the best pure play MJ producers on the market. BAT will buy them out first.

4Inv2est0

To the person yesterday that asked me how CRON could purchase OGI... Well that acquisition could happen a number of ways. CASH, Cash + CRON shares, or All share deal. Will they do it? I doubt it as OGI likely has an asking price far exceeding the current OGI market cap, so quite a premium would likely be required for BAT to sign off. To be totally fair, OGI has built out a much better cannabis business in Canada than CRON imo - but CRON does have that massive pile of cash to eventually utilize.

4Inv2est0

If you are talking specifically cultivation, I bet some would argue that TLRY is much better. VFF is interesting. They have really lost market share it seems though. I guess TLRY did too. Many thriving smaller businesses + OGI seems to be eating the lunch of the CRON, VFF, TLRY, CGCs of the industry.

GuyOnTheCouch420

Doesn’t seem to be Cronos approach though. Feel like they would be more likely to buy things as they go bankrupt versus chase. Listen to the interviews ceo has done. Or international and not Canada. Also I know it’s just an example, but I doubt there will ever be a cron OGI deal because that’s basically like a team up of Altria and BAT…which I can’t imagine ever happening. But would be a great combo!

4Inv2est0

Terrible, but as long as they have that cash balance they can buy most of the industry if they want. Imo the issue is that after they buy the first one, all values go up betting on who is next. For example, let's say CRON buys OGI, the value of LABS, LOVE, DB, TLRY, VFF would likely go wayyyy up, with investors thinking they would be next to be acquired.

4Inv2est0

What's going on with OGI? Earnings on Monday morning. Looks like Australia is starting to get saturated with cannabis imports. Seems to be lots of Canadian LPs racing to export their product. Cronos, ACB, Canopy, MediPharm, TLRY, etc etc. Medical markets can only support so many imports before they cut it off and that will be very negative for companies with limited Canadian recreational cannabis market presence - like ACB and LABS.

4Inv2est0

1 week until OGI earnings. Pretty excited to see the revenues from the consolidated company. Revenues over $100m? Imagine what they would be with excise tax reform...

FoodCooker62

Yes I do not think that there is any industry that has produced such catastrophic losses sector-wide. Even the relatively succesful companies have seen a 90% or more decline compared to their highs.  Part of this is that the valuations were absolutely bananas. Companies like Tilray or CGC traded at 100-200x revenue at their 2019 peaks and 20-40x revenue at their 2021 peaks - while producing EBIT margins of -50% and net margins of up to -250%. There was only one way for stock prices to go from there: off a cliff.  The general issue, and why I think that this sector remains uninvestable, is that this sector has an insane ability to misallocate capital to bad actors. The highest valuations have always been assigned to the absolute worst performers. Liquidity is key: as long as your stock has high liquidity, you get infinite capital through dilution. Even now, after burning a combined 15 billion CAD of shareholder capital,  CGC and TLRY trade at a huge premium to other companies like HITI, VFF or OGI which have fared infinitely better in every sense.  The bad actors in this sector know that all they have to do is wait for the next meme-y hype run and then they can print some more shares and survive. Rinse and repeat. Some good news in MSOS? CGC shoots up 60% in two days. Print some more shares and another quarter is covered for. We need to see these companies perish before a sustainable uptrend can be achieved. 

4Inv2est0

OGI is building quite an impressive business. Very much looking forward to financials this month. Think we see quarterly revenue surpass $100m? Might get some attention if they pull that off

TreeSmoka420Joka

Hopefully good news for Sanity Group and OGI!

AdvertisingCheap2377

Been waiting 6 years to break even. Actually lost $180,000 (realizes) on Sunniva fiasco and currently down 60% (on paper) on OGI. FML 🤦‍♂️

FoodCooker62

CGC and TLRY diluted for half a billion CAD in just the last 12 months alone. Thats the market cap of OGI, Auxly, VFF, Decibel and Rubicon combined with some left over just for the hell of it. These funny meme spikes are only prolonging the sector being an uninvestable cesspool. Troll tier sector until the troll tier companies stop being the largest. 

CharacterFun9342

2021 felt like the start of a breakout, but it ended up being brutal for retail traders holding names like OGI and Tilray. If it’s only $1k and you’re already mentally detached from the money, it might be worth thinking of it as tuition for lessons learned. That said, if you still believe in the long-term cannabis industry (especially with potential reform or rescheduling), you could consider holding and just letting it ride,but realistically, a lot of those early hype stocks have poor fundamentals now. No shame in cutting losses and using that capital and headspace for new opportunities, even if it’s just keeping cash on hand while you research a stronger game plan. You’ll be entering your next trade 10x wiser than you were in 2021 Curious to what sector you got in mind

GermanJustice

Same for me. I bought OGI and Tilray 2020 big time. Selling makes no sense anymore. Holding and forgetting it

One-Yard9754

I doubt Bats lets anyone buy OGI. Companies have ways to defend themselves from takeovers, it has to be in their benefit to be acquired (and the shareholders too).

FoodCooker62

So when is CRON going to deploy that scrooge mcduck cash balance? They can buy VFF and OGI together five times over 

FoodCooker62

Poor OGI. I think they split like 4-to-1 last year thinking there's no way it could get worse. Brutal. 

GeoLogic23

Yes i am, and from the limited info it seems like a good move. I've obviously been focused a lot on what i see as great potential in the hemp beverage market, and have been waiting for OGI to officially move into it. BATs venture capital arm has invested in a lot of beverages (Moment, Tru, More Labs, Hop WTR, etc.) so i figured it was going to happen at some point soon. BAT's most recent investment (Hop WTR) is also an investment from Constellation Brands.

TreeSmoka420Joka

What do you think about this move Geo? Are you still in OGI?

KAESLAX

CGC back under US$1 after their 10:1 reverse split in December 2023. OGI also getting close, though they only did a 4:1 reverse split in July 2023.

TomorrowLow5092

I find Cronos and OGI as having the lowest debt equity ratio and highest shares owned by staff.

TreeSmoka420Joka

Wish BAT would just buy OGI out. Been holding for 4+ years and tired of the constant beatings.

FoodCooker62

Their valuation is still multiple times richer than competitors, many of which have better margins and actual growth. If tilray would be valued like VFF or OGI on an EV/sales basis their share price would be roughly 20-25 cents. From that perspective it makes sense to issue shares now that the valuation is still high. 

GuyOnTheCouch420

BATS program like you think it’s related to the OGI backer BATS?

smoke420green

$OGI is my losing weed stock

GeoLogic23

Are you looking for cannabis stocks? There are plenty of examples of regular stocks, including one of the most famous ones ([Priceline](https://www.foxbusiness.com/markets/priceline-reverse-split-the-biggest-stock-comeback-ever)). *"Since then, Priceline Group has been a nearly unparalleled success story. From its post-split level of around $22 per share, Priceline stock now fetches more than $1,400 per share."* Cannabis companies are **all losing massive amounts of money**. There really aren't many companies with even decent financials in this entire industry. So people are saying reverse splits are the reasons these cannabis companies are doing bad, but it's purely about their financials. Reverse splits may happen, but their stock price is declining due to financials. Most would continue to decrease whether or not they reverse split, **because their financials are bad.** **ACB is also up significantly from its last reverse split** lol idk what you're even talking about. They dropped down into the high $2 range, and are now trading at $5. OGI also reverse split and then immediately got a major investment by BAT and went from $1 to the high $2 range.

420BayStreet420

No pumping just stating I bought the dip. How’s OGI and HITI doing buddy?

GeoLogic23

I actually documented my Stem Holdings play in [real time](https://www.reddit.com/r/weedstocks/comments/1agyliw/comment/kolcwr1/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) and then said how I got out with a [huge gain](https://www.reddit.com/r/weedstocks/comments/1alqo3y/comment/kphodsn/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button). This was just with no options, just shares, because this sketchy company did a 100:1 reverse split without filing the paperwork. I described my entire trade [in detail here](https://www.reddit.com/r/weedstocks/comments/1eomtbw/comment/lhfuf53/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button). Note that I am clear that trying to do stuff like this with penny stocks is extremely risky. I'm not saying to trade every reverse split. I'm saying if you realize that there are actually some decent companies that need to reverse split, they can be extremely good trade opportunities. With ACB, I was not saying I would buy them after their first reverse split, when they still held massive debt and stuff. However right before their last reverse split they had just finished paying off their debt and were looking a lot better. I went in hard after their reverse split and have a low $3 average. Similar play with OGI, where everybody here was saying reverse splits are guaranteed to destroy a company. I pointed out the flaw in this logic and the fact that OGI's financials were solid, and I went ahead and went heavy into OGI in the low $1 range right before BAT invested more into them.

4Inv2est0

Do we all agree with the market regarding weedstocks? Or do we believe the market is wrong? The market did not like the Motif acquisition by OGI...personally I like that Organigram is now the #1 LP in Canada. Just wait for their next earnings release to see the real size and profitability of the consolidated entity.

GuyOnTheCouch420

Interest income is real for Cron lol. ACB had bullshit non-cash items but also had actually positive results. Cron, ACB, VFF, OGI (unless they do more dumb shit like motif) all seem investable now. Maybe SNDL but so many moving parts it’s hard to track and scared of their US holdings given the market. I think all the above LPs trade at a discount because ppl just watch CGc and TLrY and assume the rest are the same

4Inv2est0

OGI badly needs federal excise tax reform ... TLRY and VFF as well.

TreeSmoka420Joka

Can we please get some tax reform for cannabis in Canada? Asking for my OGI holdings…

GeoLogic23

You are doing the correlation causation fallacy... Every company that fails will reverse split. Not every company that reverse splits will fail. I made good money from trading reverse split dips on ACB, OGI, Hydrofarm, and others. I literally turned a few hundred dollars into like $15k by taking advantage of reverse split shenanigans with Stem Holdings. OGI isn't going anywhere. They reverse split right before BAT took a larger investment in them. Idk how you can say that reverse splits are financially meaningless, but also signal the end lol and you have the nerve to say i have a lack of experience. **And AGAIN i am not promoting Tilray. I am simply correcting reverse split misinformation just like i do with every single company where a reverse split is discussed**

4Inv2est0

Why would you think ACB benefits from excise tax reform? Excise taxes relate to recreational cannabis. They have very small, and shrinking, recreational revenues.... If anything they will look tiny compared to TLRY, Canopy, and OGI if excise taxes do change.

4Inv2est0

Excise tax reform does not really help ACB, very minimal amounts of excise taxes paid. OGI, TLRY will be massively impacted by excise tax reform. ACB has a very small position in Canadian rec markets.