OGI

bourbonwarrior

OGI perhaps, a JV

No_Cell6708

Auxly early Q2 highlights: Grew to #2 market share in July, surpassing Tilray. Second only to OGI, which has been slowly losing share for years. Q3 retail data already looks fantastic. Net revenue: $45.8M, up 18% YoY (from $38.8M), driven by higher volumes in dried flower, pre-roll, and vape products, plus improved flower pricing Gross Margin on Finished Cannabis Inventory Sold: 55%, up from 52% in Q2 2025 (that's 55% gross margins on ONLY domestic if sales, meaning under max price compression conditions - nobody comes close) Adjusted EBITDA: $14.3M, up 24% YoY from $11.5M — 8th consecutive quarter of improvement Cash provided by operating activities before net non-cash working capital adjustments: $13.4M, up 31% YoY from $10.3M in Q2 2025 Repurchased and cancelled 2.6M shares for $5.7M under new Normal Course Issuer Bid (NCIB) Guidance: $10–12M capex planned for 2026 (up to $30M through 2028) targeting a 30% production capacity increase at Auxly Leamington vs. 2025 levels

Salty-Range-7620

OGI going back to back

Salty-Range-7620

OGI with the bounce back

No_Cell6708

Is Rubicon about to pop off now? 23% revenue growth WITHOUT any contribution from their new facility is pretty fat. Y'all miss another LP? That's gotta be the 4th one this week. You missed CRON. You missed VFF. You missed OGI. You missed ACB and their merger news. Don't miss Auxly. June and July data showing Irwin Simon and Tilray have officially been defeated as Auxly takes #2 market share. Auxly doesn't sell beer, but nobody grows product as efficiently as they do. Margins better than the medical players and the MSOS that lack competition. Theirs is the playbook that retail across the world will be modeled after. Q2 report tomorrow morning.

GeoLogic23

I think in general the sector doesn't move as completely together as people think it does. Some general trends, but there are lots of examples of LPs/MSOs that have completely diverged from others. Same thing I think is happening with volume. The companies with real news today (ACB/OGI) had very high volume. Funny that the "meme" companies did not follow in terms of volume lol almost like investors aren't paying as much attention to them as some people may think.

titaniumweedrock

true, we are finally seeing some profitability from Canadian LPs like Cronos, Cannara, Village Farms, OGI, Auxly. Good for the industry

No_Love_Gained

Anyone who bought OGI at ATLs last month will have made bank today. Glta

No_Cell6708

I been spamming it for years as it's been going up too, though. For as well as OGI just did, they posted 40% gross margins in a seasonally best quarter vs auxly doing 55% in a seasonally worse, all while having to international margin benefit. Similarly, OGI just turned $-5mm operating cash flow vs Auxly doing +$12mm (again, in the worse seasonal q). All the difference is right there, and this isn't something new. Auxly making money on BIS margins vs others using international purchases to boost top-line when their domestic retail faulters (OGI lost market share again you)

GuyOnTheCouch420

it's run up a lot already though. everyone expects it to crush. noone expected OGI to even do half way decent.

No_Cell6708

Eh I don't condon holding OGI long term (only auxly). Just saying there was money to be made in the trade

200cents

Go OGI big things coming

200cents

OGI calls

mfairview

\> **#1 Market Share in Canada:** \#1 in vapes, #1 in milled flower, #1 in concentrates, #2 in flower, #2 in pre-rolls, #3 in edibles, and #4 in beverages^(2). Was referring to the companies ahead of OGI in the segments where they're not #1.

Forest_City_Frolfer

OGI is still claiming #1 Marketshare in Canada. I haven't seen anything else that says otherwise. Last I heard OGI was #1, Tilray was #2, Auxly was #3 and Cronos Group was #4. I haven't seen updated numbers though.

No_Cell6708

Oh look. OGI us up 20% premarket. Did you miss out on yet another LP? You missed CRON pop 15% last week, VFF pop 20% yesterday, and now OGI pop 20% Why do you hate LPs? Is it because you have American Brain and hate making money? Why don't you just set your money on fire or mail it directly to Irwin Simon's house? You've missed every single LP except for the very best one - that's right it's AUXLY CANNABIS, reporting this Thursday. Neither CRON nor OGI can claim #1 in flower and #1 pre-rolls. We got the sales data, bros. Igbgmn

LiterallyJustAGrrrl

Watching (for different things...): WAFU, WXM, DXF, SAFX, OGI, RIOT, PIII, PLAG

GeoLogic23

Some were just spotting what I thought was value and sniping a long position. That's VFF, Auxly, Decibel, MAPS, ACB, LEEF. The more recent ones are MAPS/LEEF. I have mostly just taken profits on these companies. Not as much actively trading these. RYM, TLRY, Jones Soda are hemp beverage plays, but I trade them more actively. Vireo is because I've talked for a long time about how effective a small company roll-up strategy would be. That's why I've also had Miracle Gro for years. They were talking about that sort of strategy years ago. Green Thumb for obvious reasons. They were the only true MSO until Vireo that I was comfortable with in recent years, due to their financials. Glass House has long been my other top US cannabis pick. They're the only US company who would actually want interstate commerce. InterCure is an Israel/International play I've talked about for years. Fortunate to have traded them pretty well with all the war stuff. OGI/CRON were my favorite LPs because of big tobacco, no debt, and good cash/financials (OGI at the time). OGI also because I follow BAT very closely because of my CWEB investment. CWEB was my biggest position by far for the last few years. It still is my biggest position, but I took a bunch of profits on its huge runup recently. Main thesis for starting an investment in them was in [2023 with the Farm Bill](https://www.reddit.com/r/weedstocks/comments/13jxax4/comment/jkiuaxc/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button) discussion starting up again. [I was expecting hemp/CBD regulations to come back into focus](https://www.reddit.com/r/weedstocks/comments/125j0xo/comment/je5a70c/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button), which paid off nicely. I spend quite a bit of time researching this sector, so I'm pretty comfortable managing this many companies. Definitely would like to pare it down some though.

GeoLogic23

I have tons of holdings, including VFF. In no particular order: US cannabis: Glass House, Vireo, Green Thumb, LEEF US non-cannabis: CWEB, RYM, Jones Soda, MAPS, Miracle Gro Canada/Global: OGI, CRON, InterCure, TLRY, Auxly, VFF, ACB, Decibel The size of these positions vary a decent bit, and I'm always actively trading on pumps/dumps.

GuyOnTheCouch420

agree. I think the other companies that were winning in canada consumer are now going to germany. and that is def gonna hurt Aurora. Aurora, CGC and tilray were early in Europe. VFF, Cron, OGI (they used to be good in consumer idk what happened), XLY, LOVE are all coming now.

GuyOnTheCouch420

Is their business more modest than the other Canadian LPs? Doesn’t seem like it to me - actually pretty good. Or you mean just relative to the amount of cash they have. One of the clear Canadian leaders and top company in Israel. I liked the Netherlands deal but now worried because it’s been so long. I’d rather them have cash and buy back shares than blow thru all their cash and dilute like TLrY, CgC, OGI. They dont do a lot of interviews but there usually is one every few months on cultivate. Basically they are always looking but most businesses are bad and they don’t want to buy bad shit (idk if specific to Canada or that includes Europe). But one day that will change and I assume that’s all about US and plugging into Altria.

ForestThroughDaTrees

OGI bottled the Motif acquisition. They lost a lot of the vape market share to Cronos and flower share to Village Farms.

the_mammynun

Yeah OGI has been taken to the woodshed by BAT. The Sanity Group deal was an abomination. But even before that deal, OGIs profitability took a sharp turn. Unfortunate as they have some of the best indoor production assets and brands in canada. I hadn't realized CRON started posting positive FCF. Looks like their NI is still hit or miss, but they have the best balance sheet in the entire industry.

GuyOnTheCouch420

XLY, LOVE, CRON all make money and are growing organically. Used to be OGI but idk wtf happened to them they went the opposite direction. Could add decibel to the list to replace OGI but seems riskier than the others.

No_Love_Gained

Very likely and am waiting as well. RYM, TSND and CL will be my plays. I've already bought into HITI and OGI the last couple of weeks.

Forest_City_Frolfer

OGI getting hammered the past couple days. They are now a lower market cap than Cannara Biotech. OGI - 172M LOVE- 187M

Equivalent_Smell_325

yes and no? OGI probably is undervalued, but that doesnt automatically make it the best place to park cash right now. with the S3 hearing coming up, there are US companies that are much more directly exposed to the outcome and will probably move more if it goes well OGI has some US exposure and BAT’s backing helps, but it’s still mostly a Cad and international company. solid company? perhaps. most exciting S3 play? probably not I’d rather keep the cash available for companies that actually stand to benefit directly from the hearing instead of buying OGI and hoping the whole sector drags it along for the ride

No_Love_Gained

Cweb and OGI both down significantly, definitely not a coincidence...smh

Equivalent_Smell_325

I've been on the sideline looking at this stock for some time now Here are the bad things I noticed: \- like all LP their cad business is not doing well, net fell by 9%, margin declined by 2% to 31%, adjusted EBITA fell 82% to just 0.9 mil CAD. And free cash flow was negative at 7 mil \- dilutions that may or may not happen due to the sanity acquisition \- lost another 5.8 mill due to the hemp THC business dying in the US good things I noticed: \- probably still no 1 in the Cad market for rec cannabis? \- sanity's revenue gross margin last year went from 15% to 47%, so it's a good acquisition, OGI said they are expecting around 25 mill EURO in average quarterly revenue over 2026 \- BAT is still committed just my own 2c

Salty-Range-7620

I just keep buying this OGI dip

valuestonkees

I just got **all in** again on this one, doubled my money 2 times on OGI since covid on false corrections like are happening now (near 52 wks. low). Massively underpriced compared to other cannabis stocks and in my mind one of the only safe bets due to being backed by British American Tobacco. **Huge catalysts that will make this stock explode or at least regain it's price (double):** \-Current Market Cap ($CAD) +/- 195M, 2026 Guidance 350M+ \-Currently undervalued due to a sector wide correction non related to this company. \-They acquired several companies in legal markets (Canada, Germany) as well as the USA. \-Q3 (August 12th) will have a big revenue increase due to their buyout of Sanity Group in Germany's legal market (added revenue) \-USA ALJ DEA hearing (due date July 15th) for schedule 3 going in favor of Cannabis which will drive institutional investment later on as it finalizes & raise cannabis stocks as a whole later this month. \-BAT keeps investing in OGI at a strong double (true) valuation & who knows, they could acquire OGI completely later on (for long term investors). \-& tons more don't want to make this a book, you get the point, as always do your own research & draw your own conclusions, thought I'd share my recent research on this overlooked stock! This time there are much more catalysts than the last times I was invested in it.

Unlucky-Reporter-709

Why is this subreddit obsessed with trashing Tilray for dilution? 1: ACB total diluted shares- 7.43 billion (!!!) 2: CGC total diluted shares- 4.14 billion 3: SNDL total diluted shares-2.5 billion 4: HITI total diluted shares-1.32 billion **5: TLRY total diluted shares- 1.05 billion** 6: OGI total diluted shares- 563 million 7: CRON total diluted shares-375 million I am the first one to criticize Tilray, but my god the obsession with that company on this subreddit when the vast majority of cannabis companies are disasters and many are more or just as dilutive is just so obnoxious and stupid. And don't kid yourself, if MSOs had the same access to the larger market they would be digging into equity as well. It's free money as far as these companies are concerned, and when things open up more in the USA like in Canada, the competition will become extremely aggressive and the need for funds to grow and keep up will be vast. There isn't some inherent dilutive gene trait in all of the Canadian companies that US companies don't have.

valuestonkees

OGI, trading at approx. 0.5-0.6x price to guidance for 2026 (conservative numbers), big events coming in cannabis, they're buying out big players in legal markets of Europe/Canada & USA, backed by BAT. Incoming Sch. 3 USA June 29th-july15th, big jump in revenue coming in Q3 Aug 12th from acquisitions, read on it yourself its on the way for a double or higher, was up 7-8% Friday from its 52 week low, now is the time! Ive 2x my money on this one already 3 times since covid!

Salty-Range-7620

OGI fixin to bounce

Salty-Range-7620

OGI all day

BroChochOooo

OGI had a big wall at 1.45 bud. and it’s gone

Flipside68

You do you - this is not a support group for investors struggling with exposure and allocation. In saying that…right size your bets, reduce doubt by sorting out what you’re actually buying and know why you are convicted. Most would disagree with me but I just hold MSOS/MSOX and fluent for USA exposure. I hold HMMJ and OGI for cad exposure. It’s your money - buy a happy meal or a couple more shares of GTI - whatever makes you…happy

IllRide1700

I mean Auxly’s margins are above 50%. Better cash flow from operations than either of these companies. What you’re seeing is terribly run companies are continuing to fail. Other companies like OGI, Tilray, etc have way too many brands, too many different sites, where products need to be transferred all over the place and the cost to make it is way too high cutting into their margins and ultimately not being able to be profitable. You can’t lump all LP’s into the same category. Are a lot of them garbage…yes. You have to prove it in financials and I just haven’t seen it yet from Hitide. Seems the same as when OGI acquired Motif, every quarter it was next quarter you’ll see the synergies, next quarter. And they look worst than ever on their latest earnings. Hitide to me seems the same. No margins, so when everyone talks price to sales ratio, means nothing.

200cents

OGI making a good recoil with a double bottom. Would expect a significant runup if the volume picks up. Lots on the go would not be surprised to hear some news soon.

pop2012

They'll "catch up" because OP has heavy OGI bags. It's all they post about. Baseless pumping.

200cents

Interesting how CL and OGI have not caught up yet. Only a matter of time until the masses notice. Sometimes a little news release helps with some visibility.

No_Love_Gained

I can't day trade but if I could then I'd do TSND as it's right on the cusp of a break out. Cl needs to break 1.30s and OGI needs to consolidate and can go either way till it stabilizes.

No_Love_Gained

I can't day trade but if I could then I'd do TSND as it's right on the cusp of a break out. Cl needs to break 1.30s and OGI needs to consolidate and can go either way till it stabilizes.

BroChochOooo

Thanks. It’s either OGI. Back into CL or green thumb I feel green thumb is the golden child and I may park it there for a bit. I missed TRUL I jumped out around 10 and kick my self

200cents

Go OGI your time is coming

BroChochOooo

lol. I bought as well sold all my OGI all in Cresco.

No_Love_Gained

Trul uplisting is the first domino to fall and the next one would be an acquisition either by the likes of Tilray, BAT/OGI or Cronos to kick start some much needed excitement for this pos sector. Glta

200cents

OGI quiet but that will change ! Good luck all.

200cents

OGI is the one everyone will say why didn't I invest in it while it was close to 1us.

BroChochOooo

OGI. Stuck

200cents

OGI was so beat-up last earnings was already priced in a while ago. Lets see where this goes.

BroChochOooo

Right now OGI last week. Cura and green thumb for a nice bounce

200cents

I went to OGI headquarters the oher day. Impressed. They are global for sure and have no issue with thowing a few dollars at this time when the stock is beat up. Good luck all.

200cents

OGI is ready for something. Are you?

200cents

bought some OGI

No_Love_Gained

BAT now owns 40% of CWEB after the their conversation that received shareholder approval. I am just hoping that they let CWEB run on its own and not make it into another OGI.

BroChochOooo

Bat will buy CWEB and OGI

No_Love_Gained

Very likely. I say this with OGI being own of my core positions. This dips is where I just keep adding to the pile. Eventually BAT will come for all of this and than some..

BroChochOooo

OGI red. Only one all day. Poor thing

GeoLogic23

No ties to the industry whatsoever. I couldn't be more of a nobody. Just a regular dude with too much time on my hands. I believe as much as anybody that this is a once in a generation market that is opening up though. It's a very unique opportunity, but I am also very aware that we are not the only ones who know this opportunity exists. Cannabis is one of those things that really does transcend class and culture. Me and the billionaires smoke pretty much the same product. But the billionaires are also smoking with some of the richest and most brilliant and least ethical financial minds in the world. There is no chance there aren't plans for cannabis going on in the background. People like Peter Thiel and Roman Abramovich haven't been investing in the cannabis industry for a decade without having some sort of guiding hand on policy. These people play a totally different game than us. With totally different timeframes and goals. To achieve those goals, I think the Jack Abramoff style lobbying schemes are going stronger than ever, with those sort of deals being extremely common in our industry. Jack Abramoff himself got charged with undisclosed lobbying for a cannabis firm from 2017. Not only do I find it fascinating to dig into insider connections, but it has been lucrative for me trying to get ahead of their moves. Taking a more macro-oriented view of the space led me to have a very large portion of my investments in CWEB prior to Trump's move on CBD. Following the sketchy insiders led me to an amazing trade opportunity with penny stock Stem Holdings where I turned like $500 into $15,000 in a week. Stem Holdings later turning out to be a direct investment by Jeffrey Epstein (fascinating stuff!). My research has led me to companies I'd never have heard of otherwise, and given me confidence to take risks in precarious situations. Like when everyone said not to average down on Glass House when they crashed after the immigration raid. Or to go hard into OGI after they reverse split last time, because I knew BAT was lurking waiting to make more moves. I certainly wouldn't claim to have always made winning investments, but I am very confident I'm doing better than the vast majority of people here. And I attribute a lot of that to learning about the sector independently, while avoiding social media and trusting in myself, rather than what an influencer is trying to get me to do.

Salty-Range-7620

OGI is holding strong

Salty-Range-7620

OGI with the Spike!

Salty-Range-7620

Another Day to buy more OGI

No_Love_Gained

I've been some through this week adding to my OGI and Cl positions. I will add more next week if there's further correction in these names, an easy 30% up from here when the next set of news drops in Jun. Glta

No_Love_Gained

I look at MACD largely to buying and looks like we will go down a little more and consolidate here..I have been buying them OGI and Cl through this week..will add more next week on TSND if it drops a bit more or tests it's previous lows in 70s. Glta

Saul_T_Lode

The companies that are seeing the best growth in the country are all private companies. OGI was the largest at about 10% of the total market, but they've lost as this report says about 10% since last year. Auxly and Cronos have probably seen the greatest gain from those losses. However, the top 10 producers in the country only account for about half of the total product sales.

GeoLogic23

Definitely a bad quarter, but they've had bad Q's in the past and adjusted and done fine afterwards. Like when the high THC stuff was getting dumped on the market. Even with such a bad quarter, they're not actually losing that much money, especially compared to what BAT has invested recently. So the sky isn't falling. BAT will find a way to give them a little more money if they really need it, but just turn it around slightly next Q and they'll be totally fine. Just always be taking some profits on pumps, so you can be ready for any situations like this. Not much else to say about Canada rec, other than hopefully they adjust like they did in the past. Nobody is making tons of money there, even the profitable companies. If OGI could make tons of money in Canada rec that would be great. But tiny Canada is just a staging ground for international medical and hemp and stuff. Still waiting on that EU-GMP certification at their one facility I see. I don't think turning their Canadian recreational into a cash cow is really the end goal. More like R&D and product development that hopefully doesn't lose too much money. BAT is looking towards the US, EU, and eventually places like India, where BAT has a significant presence. Even if they completely dominated Canada it still wouldn't be that big of a win for BAT, with their market cap >$100B. BAT only cares about the big markets in the long term. It's funny that some people seem to think OGI is in some serious trouble as a company, like on the path to go out of business or something, when BAT is has been making all these moves for them. Not like BAT thought they were going to buy Sanity and then just coast on profits the rest of the way, regardless if this one Q was good or bad. BAT has been invested in Sanity since 2022. Way before they had OGI follow up on their investment. They knew they were running OGI's cash super low with that move, but they also knew exactly what they were investing into. So we'll see. More moves are certainly on the way. I have no reason to think BAT is just planning on OGI to organically grow from where they are at this moment. Now one specific thing I thought was interesting is that OGI seems to have written down about $6M in hemp investments in the US. >In addition, the current period results were negatively impacted by a $5.8 million impairment loss related to the Company's hemp-derived products business in the U.S. But BAT was also separately investing more into Charlotte's Web recently, who pretty much only do hemp in the US? Maybe it was just a NASDAQ thing where OGI had to write it down before the ban actually happened? Idk. Just thought that was an odd thing between the two BAT companies.

No_Love_Gained

Makes sense with how the current admin is focused on cannabinoids as a headline item as opposed to MJ/Cannabis... Btw what's your take on OGI's ER from earlier today.

ForestThroughDaTrees

All the other companies are paying for shelf space as well and can still be profitable. OGI’s problem is that they are spending more money on a bloated sales team and they’re selling less YoY.

Forest_City_Frolfer

Hard to blame consumer confidence when both VFF and Cronos posted decent quarters. I think this is a OGI specific problem. They are losing marketshare. Rubicon and Auxly also report this week which will provide some valuable context

Saul_T_Lode

This is a rough report. The only thing up year over year is their inventory and excise stamps went down 10% YoY, which means their Canadian sales are falling a bit faster than revenue. OGI is a sinking ship and will probably need to make some major changes to even right size the business.

Forest_City_Frolfer

They own several brands. I Believe Spinach is the number 1 vape brand. But with all their brands combined OGI is the overall number 1 producer Organigram has: Boxhot Edison Trail blazers Rizzlers Debunk And a few more

FoodCooker62

Extremely rough. I didnt realize OGI was derailing this badly. On a sidenote they should really stop adjusting R&D costs out of their EBITDA. And acquistion costs for that matter. Nearly 7 million of costs here that they just say 'well not important for profitability'. Thats the most brazen creative accountancy i see in this sector. These are ongoing costs, its embarassing as hell. 

BroChochOooo

OGI tomorrow. Anything spicy ???

BroChochOooo

I Say Bat will take over OGI with in 2 years

Flipside68

IIPR - yeah, but always going to be able to trade cannabis real estate assets, JAZZ - proven, medical efficacy, OGI - backing from big tobacco, GTI - best in class in the United States. Trul - Florida medical I guess.

Orennji

OGI. Everybody is waiting for big tobacco or alcohol to pump their favorite MSO, but it's already done with OGI and every sign points to a long term partnership to build out Europe and the US. A steal at current valuation.

akaChadThundercock

Tbf, I didn't say they *currently* control everything. But right now remexian has the largest market share and Sanity, based on what I read from the OGI acquisition, has a large market share too.  The LPs themselves will keep moving their product, but there's absolutely going to be consolidation with the importers. The smaller importers are going to struggle as price compression continues and the big players will gobble up market share.

Kbarbs4421

I used GTI/RYM/CRON simply.as an example, given their existing structure, spinouts, and cash on hand. Not at all suggesting that deal is likely, or even makes sense. Just a structural example. Agreed that Sundial is a company to watch on this. Cronos as well. Likely a few others that I don't follow as closely (OGI via BAT?).

Jellyfish4244

What are your thoughts on OGI, Organ a gram?

No_Love_Gained

Yup. ACB and OGI were my plays back in Dec before the EO hype cycle kicked in. I see ACB is starting to catch a bid and OGI just started moving the couple of days now.

No_Love_Gained

Agreed on your observation and it seems (mini hype cycles) to be the way this sector has been operating since Aug 2023. Early on in Jan this year I was expecting something concrete to emanate by the end of Jan/Feb, but given how this has played out so far I have very little faith of seeing anything substantial before June. I am still open to buying though this period but only for quick swings and don't plan to add to my core positions (except GTI, OGI and HITI) until we see something more tangible. Glta

AverageNo130

Hypothetical question : At some point would it make sense for OGI and CWBHF to merge? Would that make sense for shareholders?

bourbonwarrior

BAT now owns big chunks of OGI-CWEB and VFF Big time ex-BAT executives populate top positions at 2 of the 3 firms BAT is a 126B firm

GeoLogic23

BAT invested in Sanity Group before High Tide. The OGI investment was a follow-up to BAT's original investment. [https://www.bat.com/media/press-releases/\_2022/september/sep-26---bat-announces-sanity-group-investment](https://www.bat.com/media/press-releases/_2022/september/sep-26---bat-announces-sanity-group-investment) >This investment is complementary to other recent investments made by BAT or BAT companies, most notably the strategic R&D collaboration established with Canada’s Organigram Holdings Inc. announced in March last year.  The stake in Sanity Group adds a European dimension to one of the many BAT explorations beyond nicotine.

BroChochOooo

Alcohol sales way down and dropping, tobacco’s in the same place. Why do you think Bat is invested in OGI ? Why do you think OGI’s CEO is from BAT. Won’t be long until Bat buys them out and takes over. Disclaimer not in OGI

GeoLogic23

Yea whenever people were saying they were getting low on cash I was never worried because this kind of investment is like coins in your couch cushions for BAT. They had their first investment, then a follow on for their CBD drug joint venture, plus all the money they were dumping into OGI. No reason for them to just sit by and let CWEB run out of money. From financials press release: >*Following completion of the Transaction, BAT will hold approximately 40% of the Company's then-issued and outstanding common shares on a non-diluted basis.*

the_mammynun

He mentioned they'll be rolling out a roster of Canadian Brands in June who will be selling exclusively through Remexian in the German and UK markets. If I had to guess it will be all the big boys (TLRY, ACB, VFF, CGC) and a few smaller players like LOVE trying to build a bigger international precense.  The largest exception will be OGI as they have their own importer in Germany, and CRON is a wild card because they do have CanAdelaar in the Netherlands.. I can't speak to their ability to leverage that for German imports. He also mentioned that Nuleaf Naturals is GMP and FDA certified and meets all the requirements for the CBD Medicare pilot. Sounds like there's a good chance they'll be able to partake in that right out of the gates. He cautioned that revenue growth should be expected there until 2027/2028, not sure why.  Also, it seems that importing to Germany from Canada is proving more time consuming that originally thought, since our first shipment expected the first week of March is now expected to be 30 days late. However we have been successful in importing product from South Africa, Thailand, Malta, and Czech Republic recently.

GeoLogic23

CRON, OGI, Auxly, and Decibel are also not down that much today.

SuzyCreamcheezies

To be fair, none of Tilray’s recent acquisitions have been in the cannabis space. Nor do they need any more brands or capacity in Canada. With that said, it looks like OGI, VFF and Tilray have all claimed the lead in flower sales within recent months. I don’t expect any to take a substantial lead without further consolidation in the Canadian market.

GuyOnTheCouch420

Motif was a big jump for Canada. Sanity doesnt change Canada. But OGI feels like they stalled out on organic growth and started overpaying in M&A. Now a Tilray v OGI race for market share through M&A.

FoodCooker62

Just in flower. OGI claims overall market share. Vapes & pre-rolls are a growing portion of overall market size. I dont think pre-rolls are part of flower because VFF isnt very strong in pre rolls. 

mfairview

from vff cc ysy: Sam Gibbons: Aaron, just a couple of things to add. We did regain our #1 flower share position in January. And we expect that to be something you'll continue to see in 2026 Didn't OGI leapfrog everyone with their last M&A? Was surprised to hear this..

Muted-Dimension-1428

This acquisition is great news, I see some worry in the comments about dilution, this isn't a Tilary style Dilution to raise addition captial or some flashy acquisition for hype. This acquisition is our key to the European market, without sanity it would take 5 to 10 years to enter this extremely restricted market. We our also gaining market share in sanity which if things play out will not be much of a dilution if you add in the gained market share. This is a win win for OGI shareholders. 

Saul_T_Lode

I would agree that OGI has the right thought process on some aspects of their business and believe that they message well externally to investors. However, IMO as a Canadian that buys cannabis I think there is a gigantic disconnect with how investors see success in the sector and the reality on the ground. I’m not currently invested, but I have in the past and have owner OGI. Overall I’ve made money through cannabis but when I’ve profited it’s consistently been due to riding the wave well and selling at the top. The underlying structure of the businesses I had invested in were unchanged or worse. Success in the sector is like 90% luck. Therefore I watch this sub more to track sentiment. OGI is one of the most interesting companies to track because I feel like everyone here acknowledges that the company is burning cash and structurally flawed, but everyone invested relies on being able to buy in below BAT. I don’t see anyone questioning why we should assume BAT knows what they’re doing within the sector.

Hey_Hank

Most likely how OGI "conducts themselves" is a BAT company thing. I have done work for 3 of the largest tabacco companies and BAT was leap years above the others in the way they conducted business. Marketing professionals vs cowboys who could not get hired at BAT. The Phylos deal with THCV (skinny weed) was a BAT deal directed at women who used to smoke to suppress their appetite which was 50% or so of their tabacco market. Their THCV gummies have saved many bags of chips lives at my house.

the_mammynun

Agreed. I'm not pitching OGI as an investment, I only mentioned them due to their "caliber". They conduct themselves like a mature enterprise. Overall you're right that consumers only care about the highest THC at the lowest price. I don't invest in growers because there is simply too much competition and the costs of growing are too high. HITI sells their own brand called Queen of Bud. They source the cannabis from LP partners to develop their brands just like in any other mature industry. That's a model I can get behind. 

Saul_T_Lode

At this time health focused Cannabis products do not sell well in Canada. Only way I see that changing was if Health Canada changed the rules to allow drug stores to sell cannabinoid products or if they removed the laws to allow for health recommendations. However, both of those changes would help the industry as a whole and not just OGI.

No_Love_Gained

OGI's exclusive partnership/agreement with Phylos is an important one as well. I think BAT will eventually bring all its cannabis ventures globally under OGI umbrella and build it as a growth engine for the future (esp with declining preference for tobacco as a sin).

the_mammynun

Yeah I don't invest in growers. However the work that OGI/BAT has done including science backed products like FAST and other innovations like jolts, shots, etc is interesting for a newcomer looking in on the industry. They conduct themselves at a high level compared to their peers.