Reddit Posts
Why I Believe Charlotte's Web CBD Is About To Be Acquired by British American Tobacco or Organigram (DD inside)
OGI, OrganiGram Turns profitable and she’s taking off!!
Why You Should Consider Investing In This Marijuana Stock: One Of Canada's Best Operators, Says Analyst
Why You Should Consider Investing In This Marijuana Stock: One Of Canada's Best Operators, Says Analyst
Proposed Settlement Reached in 2016 Class Action (OGI)
I’m too poor to buy SPY puts, so I bought May 27th $39 SPYV puts instead. Am I retarted, or will there be tendies at the end of the tunnel?
In a competitive market, this little gem might seal the deal - - -OGI could very well be the best pot stock that will have you patting yourself on the back on this happy 420 day.
In a competitive market, this little gem might seal the deal - - -OGI could very well be the best pot stock that will have you patting yourself on the back on this happy 420 day.
Happy 420 Day! Buy This Top Pot Stock Now to Celebrate Later.
OrganiGram Holdings Inc. (NASDAQ:OGI) Receives $3.62 Consensus Target Price from Analysts
OrganiGram Holdings Inc. (NASDAQ:OGI) Receives $3.62 Consensus Target Price from Analysts
Thoughts on $OGI ? has earnings the 12th of April , possible cannabis federal legalization rally, RSI oversold in the hourly chart , would love to see ortex data if anyone minds sharing. Holding ATER in the meantime but gonna grab some cheap OGI calls today
Top Marijuana Penny Stocks For Q2 2022 By NATHAN REIFF, April 04, 2022. - HEXO, OGI, and SNDL are top for value, growth & performance, respectively.
Marijuana Opportunity Reinvestment and Expungement Act hits the U.S. House of Representatives floor TODAY April 1st 2022 🪴🪴🪴🪴🪴🪴🪴🪴🍀 Let’s BLAZE IT UP! 🚬😎
OrganiGram, OGI's inflow is fire 🔥 today!!
BAT increases Equity Position from 18.8% to 19.5% in OGI signaling confidence in the company.
BAT Increases in Equity Position from 18.8% to 19.5% in OGI
Some dude just told me you stupid apes can't get OGI to $10 today.... So I slapped that prick and said yes they can!!
🍃 🍃 Opinion on OGI, OrganiGram 🍃 🍃
Opinion on OGI, OrganiGram
Decibel and Organigram: The Next Great Short Squeezes?
Decibel and Organigram: The Next AMC and GME?
Thailand first in Asia to decriminalize marijuana. If you're not in Pot Stocks, you should take a look at some! OGI for me 💪
Pot stocks are on the rise this morning as hoped for!! Looking for a squeeze at OGI if you want yo join the fun! 💪🥳
OrganiGram an underated Canadian LP
Pandemic will be stopped by "herbs". $TLRY, $OGC, $CGC, $ACB
Flora Growth ( NASDAQ $FLGC ) Issues Guidance for Revenues of $35-$45M for 2022 as the Groundwork Laid in 2021 Pays Off and a New Processing Facility Goes Online. Current $1.75/share w/52 week high of $21.45/share.
Flora Growth ( NASDAQ $FLGC ) Issues Guidance for Revenues of $35-$45M for 2022 as the Groundwork Laid in 2021 Pays Off and a New Processing Facility Goes Online. Current $1.75/share w/52 week high of $21.45/share.
Watching $ACB, $SNDL, $TLRY & $OGI: Previous MJ Stock Short Squeeze Was in February 2021. Will History Repeat Itself? Short Sale Open Interest Report Due Tomorrow After the Market Closes.
So Now It’s OGI Time To Shine Remembers It’s About What Sells In The Canadian Markets And Well Organigram Brands SELL! Next Tilray?🤔
So Now It’s OGI Time To Shine Remembers It’s About What Sells In The Canadian Markets And Well Organigram Brands SELL! Next Tilray? 🤔
Pot Stocks are moving up today.
Go Big! Or Go Home Apes! VLNS is the Cannabis Stock for 2022
Regarding OGI's recent rise in market share
OGI ready for upper movement!
Tell me about your favorite company in the space right now
$OGI organigarm Marijuana Holdings is a great stock to invest. As senate is pressing toward legalizing Marijuana and the results are surely going to be high. So I tell my fellow traders and investors to get in into OGI. $OGI TO THE MOON.
Why isn't a cannabis stock pushed anymore? Like OGI...
My favourite little stock OGI is currently 1/3 of its YTD high and due a resurgence
Cannabis Stocks Are Ready To Launch
It's Time To Look At Cannabis Stocks...
It's Time To Look At Cannabis Stocks...
CANNABIS- we all smoke it. So how come WSB doesn't talk about the potential of this industry including TLRY, ACB, HEXO,OGI and obviously S$NDL
Dipping two of my 💎 fingers in $OGI. THOUGHTS? Put all of my allowance I saved up for 3 years lol 🦍
$SNDL $ACB $OGI - Could it be there time to make a move?
I picked up some Nokia and OGI, is it worth keeping, holding, or selling. I figure cannabis for OGI would hit big time soon. Is it a #HODL or sell. I am thinking it could explode big time
Anyone see anything good from Nokia or OGI cannabis stock
Sundial Potential Short Squeeze is Coming
Thoughts on SNDL Sundial Growers? Also OGI OrganiGram?
Mentions
We can't assume that very many of these companies will exist when full de-scheduling/legalization/true catalysts take place. It could happen in 6 months or 6 years. Very few of these comapies will survive 6 years. His comment is at least partially based on GTI actually making (a small amount) of money and therefore we assume they will be around for a while. Verano is another company that will probably survive. OGI is popular because they have few/no debts and we can assume they might survive. Before investing you need to look carefully at how long a runway these companies have if nothing changes. Many of the small caps will likely burn through all existing capital and either vanish bury themselves in more debt. Hence the many posts about how by any sane standards this area isn't worth investing in.
I'm not talking about stock price performance. I'm talking about the quality of the company's operations and financials. TLRY is a failure because of the company's fundamentals, not the stock price performance. Companies like GTII and OGI may have seen share price decline, but the fundamentals are there. I feel great about these holdings because I know the fundamentals are there, despite the share price decline. I feel comfortable averaging down on these, but I would not on TLRY or CURA to the the massive losses and debt levels.
No. Don’t want a re-run of Lord Jones. Stay far away from any GGP property (like iAnthus). Gorenstein/Adler could redeem themselves by investing in a couple of worthy MSOs. Get an option to own X% for paying off Y dollars. Pick Verano, Ayr. Double down on PharmaCann. Cronos is currently doing nothing and bleeding cash for the paltry revenue they earn. I’d rather have Altria play an active role in Cronos. Just see what BAT is doing with Organigram. After all, Altria cannot buy into an MSO since they have an **exclusive** deal with Cronos. And Europe is opening up. Yet no investments there. Tiny OGI partnered with Sanity since they both have a connection to BAT.
Wouldn't mind if TLRY bought OGI and then replaced Irwin with Beena. They might be better off without BTI.
[British American Tobacco Pleads Guilty to Violating US Sanctions on North Korea](https://finance.yahoo.com/m/89d69c6e-3f82-3720-b55c-d3be7e052d43/tobacco-company-bat-pleads.html) Often BTIs investment/partnership with OGI is referenced when expressing confidence in OGIs strength. BTI is their "big buddy" and the BTI chart is beginning to resemble a cannabis stock chart lately. Which is perhaps notable.
VFF to the woodshed today. But why OGI? No possibility of a dilution / debt raise based on current cash position, debt obligations, and burn. Am I missing something?
6.3M shares of OGI.TSX traded hands today. The average is 312K.
Mwahaha I managed to snag OGI at 0.50 Canadian right before close. Lets see how that pans out tomorrow 
Ya, absolute destruction of the LPs this week. OGI looking on track to fall under $100M market cap. I'm seriously starting to doubt whether any of these companies can survive without eventually being acquired for pennies on the dollar and wiping out investors.
OGI down 20% in the last 5 days lmao. Feel bad for these guys, getting wrecked cus of CGC/TLRY
Agreed. They are not profitable but some recent quarters have been nearly break even with positive operational cash flow. They also have British American Tobacco backing them. I think that down the road, with better market sentiment, both retail and institutional investors will support a valuation of $1-2B for OGI, implying a 600-1200% return from today's prices. Maybe it will take 10 years, but I think it's within reason if they're not acquired first.
Who is selling OGI at these prices? Just shorts? The price action yesterday seemed like manipulation. Every time the price increased by 1 cent it was immediately bid down. I will keep increasing my position unless something fundamentally changes. If I can pick up shares for $0.25 it's all the better in the long run.
Ditched FF, OGI, and Tilray now. MSO only. Tilray's a proxy and rocket fuel but next stop is below 2$C.
I stopped buying cannabis stocks in Q1, but I see this as an opportunity to be very selective with certain operators in extreme valuation situations. So despite my negativity towards non US THC companies I bought some CWEB and OGI today as a means to diversify my sector holdings. Plenty of cash relative to burn to ride this out and valuation dislocation. Definitely doesn’t mean this is the bottom, but I feel good about it being higher a few years from now when the dust settles
I stopped buying cannabis stocks in Q1, but I see this as an opportunity to be very selective with certain operators in extreme valuation situations. So despite my negativity towards non US THC companies I bought some CWEB and OGI today as a means to diversify my sector holdings. Plenty of cash relative to burn to ride this out and valuation dislocation. Definitely doesn’t mean this is the bottom, but I feel good about it being higher a few years from now when the dust settles
Hey guys, I'm the one who sold my LOVE to buy OGI. You're welcome LOVE holders!
I'm really interested to see their Q4/year-end financials when they *finally* drop. Should provide a lot of clarity for everyone. We never really got an reason for why they tanked -16% last Thursday. But the pessimist in me is predicting them joining the ACB/OGI/VFF reverse-split gang.
ATL portfolio. Where the f@#$ is the m&a! Cresco shuts the f@#$ up for months on CC, Cronos has enough cash to buy CGC outright, Couche Tard, Constellation, and BAT don't give a shit about FF, CGC, OGI. MSO are dwindling and CEOs are clueless. Irwin is Vic 2.0 and is focused on the Hamptons and retirement. Wtf!
Thank you! Just to expand on these connections a bit. The Authentic Brands Group deal was brought to my attention again recently around 5/3/23. Again, this could just be coincidence, but I think it's interesting. 5/3/23 was the day CWEB filed the preliminary prospectus for MLB shares. On that same day OGI filed that their "confidential treatment order" from BAT's original investment was granted (more than a year later). Note that 5/2/23-5/4/23 is the DEA conference where the recent CBD/Delta 8 reporting is traced back to. I didn't know what to make of the confidential treatment order at that time, so I searched all the major cannabis companies to see if anybody else had ever filed one. The only other company I could find that ever filed one was Tilray with Authentic Brands Group. [https://www.sec.gov/Archives/edgar/data/1731348/000156459019009157/tlry-ex1018\_1287.htm](https://www.sec.gov/Archives/edgar/data/1731348/000156459019009157/tlry-ex1018_1287.htm) [https://www.sec.gov/Archives/edgar/data/1620737/999999999723002333/filename1.pdf](https://www.sec.gov/Archives/edgar/data/1620737/999999999723002333/filename1.pdf) [https://www.sec.gov/Archives/edgar/data/1750155/000162828023014986/charlottesweb-sx3.htm](https://www.sec.gov/Archives/edgar/data/1750155/000162828023014986/charlottesweb-sx3.htm) [https://www.deadiversion.usdoj.gov/mtgs/agendas/Supply\_Chain\_agenda.pdf](https://www.deadiversion.usdoj.gov/mtgs/agendas/Supply_Chain_agenda.pdf)
One might consider this a valid answer…especially in OGI which seems to lose value no matter what. 😭
The problem is the endless cheerleading for companies like TLRY and CGC, who will be sold for parts before they ever live up to their goals. If only we would promote the strong companies in the sector, investors would have a totally different outlook. OGI, HITI don't get enough publicity. GTII needs to uplist.
I suppose it could be back luck. Honestly, Tilray has held up exceptionally well this year. OGI, CGC, VFF, are all down around 50% or more YTD while Tilray lost a little over 10%. Cannabis stocks usually trade closely together so it may make sense that Irwin saw the writing on the wall and decided this may be a good moment to make such a move.
I just think the weird timing of Tilray's move is also about the upcoming clarifications on CBD/D8. Same reason OGI is making multiple moves, and why CRON has lots of insider buying. I still maintain CBD has always been the beverage play, and the best entry to the US for the LPs. THC drinks are too regulated and niche for now. I don't think Tilray is buying multiple alcohol companies for THC drinks, when there isn't even a sniff of federal decriminalization and interstate commerce is also a giant question mark. It's not like the breweries are vertically integrated in each state either. If they ever want to make THC drinks they need tons of regulation changes to allow them to distribute effectively around the country. With CBD though, you have instant access to the entire US, could probably stock right next to regular beer, and can actually get served in bars, etc.. Bars are never going to mix serving THC drinks with alcohol, but they already do CBD beers. Not to mention the raw cost of CBD is miniscule, so the margins should be great if they can upcharge even a little bit for a case of CBD beer. Just some positive theorizing to counter this morning's doom and gloom.
I'm not heavily invested in LPs, but I trade them a lot. Own OGI and Cronos. And I am pretty deep in Green Thumb. And have too much MSOS
Tilray is also losing extravagant amounts of money doing so. It would be one thing if they were diversified and profitable! OGI exports high margin medical cannabis to Israel Australia and soon Germany. They will benefit from the core international markets just as well as TLRY but with a fraction of the investment.
>The overwhelming focus on TLRY and CGC has caused nothing but negative publicity for this sector. Negative? Haha maybe CGC but Tilray? Nah man. OGI is strictly a Canadian cannabis company which is fine but I like how Tilray is involved in way more than just one thing.
Actually, that is the beauty of these massive across-the-board sell offs. Babies often get thrown out with the bath water. There are a few companies out there. Just pick the best of a bad group. In his opinion it's OGI and HTI
The overwhelming focus on TLRY and CGC has caused nothing but negative publicity for this sector. Their financials are among the worst I've ever seen. I hope that in time we can shift the conversation to (Canadian) names like OGI and HITI, who offer true value and opportunity for investors.
OGI making more moves https://www.businesswire.com/news/home/20230525005730/en/Organigram-Makes-First-Strategic-U.S.-Investment-in-Phylos-Bioscience-to-Commercialize-THCV-and-Scale-Seed-Based-Production
I find it really interesting that SNDL is never discussed here, I'm curious why. I'm not saying they're any better or worse than the other LPs, but by market cap they're one of the major players now. I consistently see people talk about TLRY, CGC, CRON, OGI, VFF and even occasionally ACB and HEXO, but never SNDL.
There seems to be a weird, or more so than normal, disconnect between news and share prices for OGI and Tlry. We get news about Italy And Germany and Ogi drops 10%.
Hey Geo, will OGI need to reverse split to maintain listing requirements for NASDAQ?
A lot can be said for the quality of OGI's operations. They have what it takes to be a long term winner in both Canadian and international markets (excluding the us). Seems like a great time to accumulate.
Dear jesus, was this comment yet another mistake on this everlasting journey? Maybe OGI bottoms at $0.44. Praying for the longs
Just make sure to take profit! I've been trading OGI a bit for small gains. Keep getting stopped out on the down turns.
Not in OGI but damn you guys dont deserve this
It just reduces my number of shares so when the stock hits the number that I have in my head they’re not worth what I’m currently anticipating they will be. I know it’s just all in my head, but it’s still disappointing. I want it to go to $10 without a reverse split one day. If CGC was holding at $50 back in the day, there’s no reason OGI can’t get to $10 without the help of a reverse split.
Not a shareholder of OGI, but respect Beena Goldenberg as an operator and recognition of Germany and other countries for their cannabis potential.
As a long time OGI holder I always appreciate your posts Geo. Hopefully we’re on the up and up from here!
OGI is entering Germany with a supply deal with Sanity Group. https://www.businesswire.com/news/home/20230523005479/en/Organigram-to-Enter-German-Market-Supplying-Sanity-Group
Good day for OGI. Let’s keep it rolling!
Are you missing the entire premise of this post? I'm saying this is all happening because they are finally clearing up CBD regulations that have allowed for this oversaturated market to occur. Many of the CBD companies are only surviving because of Delta 8, which CWEB doesn't touch. And Delta 8 is about to get cracked down on. OGI has specifically said they were waiting for CBD regulations to be clarified before they would make a move on a US CBD company, which they said they were looking at for a US entry. Obviously they would be talking about CWEB in that case. Half my point is that CRON/Canopy were counting on CBD for beverages, wellness, tobacco alternative, etc.. The only reason they look so dumb, and why CRON has done nothing for 5 years, is because the 2018 farm bill was botched in regards to CBD. All my opinion of course, but I think it makes perfect sense.
Why OGI and not TLRY they have a deal already for canada. https://www.google.com/amp/s/financialpost.com/pmn/commodities-business-pmn/agriculture-commodities-business-pmn/u-s-cbd-company-charlottes-web-signs-deal-with-canadian-cannabis-company-tilray/wcm/aad2dca2-d7c6-460d-9305-22da8af9ed64/amp/
Ok, straight speculation here (from a CWEB holder), but could BAT be making their move on CWEB? That news about the DEA actually came out 2 weeks ago, at a conference. That firm Vicente put out an article about it a week ago, and then marijuanamoment published their misleading headline yesterday, making it seem like they were enacting new restrictions on CBD. But it's kind of the opposite. [https://vicentellp.com/insights/dea-proposes-reschedule-hemp-derived-cannabinoids/](https://vicentellp.com/insights/dea-proposes-reschedule-hemp-derived-cannabinoids/) They say this move is because the DEA got indication from HHS indicating that CBD with <0.1% THC is "safe". I think that could be the prelude to the CBD industry goal of getting CBD allowed as a food/beverage additive. The conference where this news was announced was between May 2-4. The OGI confidentiality notice was filed on May 3rd. Right in the middle of that conference. From the conference agenda, it looks like the DEA portion was on May 2nd. [https://www.deadiversion.usdoj.gov/mtgs/agendas/Supply\_Chain\_agenda.pdf](https://www.deadiversion.usdoj.gov/mtgs/agendas/Supply_Chain_agenda.pdf)
So CWEB just posted a "Notice of Effectiveness" this morning. [http://archive.fast-edgar.com/20230518/AOZ2V2ZZZBQZUIZ2Z22PTZZPDVTUBZ2SL2Z2/](http://archive.fast-edgar.com/20230518/AOZ2V2ZZZBQZUIZ2Z22PTZZPDVTUBZ2SL2Z2/) Trying to figure out wtf is going on. They dropped so hard yesterday, but I don't think that DEA article actually affects them. I wasn't sure what a Notice of Effectiveness actually means, so I was googling it. I have seen things telling me the possibilities are them selling shares, a top-up offering, uplisting, or other things. Is anybody more familiar with the Notice of Effectiveness SEC filing and can shed some light? I'm fairly sure CWEB is now trading below their cash on hand, so any selling of shares doesn't make sense to me. There was also that weird confidentiality treatment notice that OGI filed exactly 2 weeks prior to this filing, in relation to their BAT investment. Curious if that could be a part of this. [https://www.sec.gov/Archives/edgar/data/1620737/999999999723002333/filename1.pdf](https://www.sec.gov/Archives/edgar/data/1620737/999999999723002333/filename1.pdf)
Yeah that's fair, just haven't seen a company do well in this sector after a reverse split. That's what stopping me from buying OGI and I'm sure lots are thinking the same
All the LPs except TLRY and CRON are getting wrecked. CGC/VFF/OGI/ACB all facing/will face nasdaq listing issues. Reverse split will likely wreck them even further, its an excuse for shorts to pile in. Hexo was a prime example
I still have faith in OGI, just hope it doesn’t reverse split.
I don't understand it all... How in the hell does transfering money from USD TO GBP help? Like, i kinda doo, like the exchange rates change so you make money.. because the stock market crashes or something ... or idk.. Why couldn't this dude just buy OGI calls for 2024.
I just threw out Bacardi once as someone else to consider that I never heard mentioned. I still personally think Diageo makes the most sense. Or if it's tobacco is going all in I think their best partner is OGI/BAT. In general I do agree it's best to just ignore predictions like this. No sources or DD, just a "someone said" claim. Attaching that price too just makes it obviously completely made up. The more attention we give them the more it encourages others to just make stuff up.
For me it’s in this order 1. Trulieve 2. Greenthumb 3. Cgc 4. Curaleaf 5. Tilray 6. Cresco 7. OGI
Certainly a possibility, but I think in Canada they have better connections to OGI/CRON, or would want ACB over VFF. If they wanted an entry into Texas, I think Surterra is an interesting option once that kind of purchase is allowed. Tilray (as Aphria) was always trying to get into Florida. Surterra has Florida assets as well I believe decent Texas assets. How about this. Merge with CRON, then use all that cash to buy Surterra and AYR's Florida assets? Throw in Brady Cobb's Florida assets too for good measure. They'd increase their Canadian share greatly, have Altria lobbying power, and would have a sudden huge presence in Florida, as well as a Texas entry.
OGI: "Hey when are you gonna grant that CTO?" SEC: "Soon"
Prolly covenants to the original BT DE/BAT/OGI deal. I would guess one of the exhibits is the BAT "investor rights agreement" with OGI. P.S. BAT originally paid $250 milly for 19.9% of a company with a current MC of $219 milly for anyone keeping score of how institutional big boys are making out.
What do you guys make of this? Today OGI filed a Confidential Treatment Order in relation to their original investment by BAT dated 3/19/21. It looks like two exhibits from that original filing have been withheld. [https://www.sec.gov/Archives/edgar/data/1620737/999999999723002333/filename1.pdf](https://www.sec.gov/Archives/edgar/data/1620737/999999999723002333/filename1.pdf) [https://www.investopedia.com/terms/c/confidential-treatment-order.asp](https://www.investopedia.com/terms/c/confidential-treatment-order.asp) From Investopedia: "*For example, a company may apply for a confidential treatment order by completing a confidential treatment request to keep information regarding a pricing arrangement made with a potential acquisition target secret.* *This request could be made on the basis that the company's competitors may use this information to go after the target with a more competitive price. Other common items kept confidential include milestone payments and other technical specifications. The information may then be revealed after the CTO expires*." Idk why is this being filed today though?
With the 20% stake from BAT I never thought OGI would be where it today. Hoping they Can somehow avoid a reverse split
With the 20% stake from BAT I never thought OGI would be where it today. Hoping they Can somehow avoid a r/s
Not so sure exchanges are the main problem. Look at OGI which is down big in the last few months. Trades on the Nasdaq.
It'll be brutal if cgc and tilray end up doing reverse splits. Would basically wipe out whatever equity is left from the Canadian LPs. ACB, OGI, VFF, HEXO (prior to tilray) all are already there and will likely need a RS
The feds put a halt to Canadian LPs selling 100mg bags of 10mg X 10 piece gummies under the extract category. OGI was the first to do it with hard lozenges called Edson jolts. Smaller companies started doing it with gummies and Aurora did it with Glitches under the drift brand. I stopped by a retail store to buy some and they said they can sell their inventory but can't buy any more.
I've learned more about politics following this issue for a couple years and I'm now more jaded than ever. I cannot wait until these stocks trade on an even playing field with access to markets for lending and listing and we can focus on growth and fundamentals. We are witnessing history. We were here when it all began. There may only be five large companies and maybe it won't even be Green Thumb or Tilray. Maybe Cronos and Altria control the world or a baby like OGI becomes a long term winner. Or we have 50 strong companies. It should be fun to watch. Politics and stock losses have blinded us to the role we have played in this magical moment.
Well...in the process of DCAing on Tilray to get my average price from 16 to 9CAD I find myself the proud owner of way too many shares. First sell order for a chunk of that is set at 9 (break even) and then up from there. Last order is at 16 (the symbolic initial price when I bought back in at in the spring of 2021). Hard to believe it has now been over two years of pure misery and repeated letdowns. Slightly pissed about the irony that yesterday I gave up on the idea of SAFE getting any traction until after the debt ceiling debate was resolved. This sector has been very cruel the last two year's and it is fitting good news would come the day I throw in the towel on some of my weedstocks (saw a reverse split on OGI and VFF and I experienced that ride to oblivion with ACB). I should be happier about the SAFE news but I have been let down by the politics just one too many times so although I am cautiously optimistic (again) I am not visiting any Lamborghini showrooms yet.
Ironically, I am now making wrong decisions down to the day in this sector! Yesterday I threw in the towel on the penny weedstocks I had (OGI and VFF) and took a significant loss. I came to the conclusion nothing would be happening in the USA until after the debt ceiling was resolved and I simply could not recall when the last green day occurred. I was actually considering throwing in the towel on the entire sector but refrained from total capitulation. Thank fuck! My remaining sell orders start at 3x yesterday's closing prices and end at 5x. I have gone from thinking "lottery" to "maybe...maybe🤔". Just going to sit on the rest of my weedstocks as who the fuck knows what else may come out of the blue (Schedule 3 would make me very happy). The cliche time in the market (five years in weedstocks now) verses trying to time the market seems to have been proven again for me. I am doubtful we will have that wet dream of an epic short squeeze, but I will now do my part and not let another share go below 3x.
I am so tired of this shit...just sold off my weedstocks trading less than a dollar (VFF and OGI). I just cannot see how they will survive without a reverse split, and I had enough of that nonsense with ACB. The politics of all of this just sucks. I sure hope something changes the trend. Every fucking day seems to bring new 52 week lows.
VFF just got official non-compliance notice from Nasdaq (<$1). Compliance due by Oct. 17 OGI compliance due Jul. 24 ACB compliance due Sep. 20 All technically have the possibility of extra 180-day extension, but seems unlikely at this rate.
Yep, 3x is where I would love to leave. For example, I have 10CAD standing sell orders on some (not all) of my Tilray shares. That's about what I have DCA'd down to on this particular company. OGI needs to hit about a dollar before I break even. I have 1.20 set I sold off all of my MSOS for a slight loss the second week of December 2022. Frankly, it is the intense feeling of being very lucky to have gotten out of MSOS before the shit really hit the fan that is driving me toward leaving the table before dessert is to be allegedly served.
Completed my last trades today. Nickel on CGC with help after hours, MSOS for 14 cents and some OGI for 2 cents. I'm now in it for the big $. No more desperate scalping. Time to hold out for more. I'm all in fellas! It's gonna be great
Loaded up on lows and finally green shoots. Best LP along with OGI. Couche Tard is the bomb, first class management from humble beginnings in Laval.
Right now a lot of companies are selling cannabis at unsustainably low prices just to stave off complete failure (see OGI ceo's recent comments). The few companies that survive the crunch will eventually capture the market and start turning a profit. When exactly that corner gets turned is anyone's guess. But I think big business will be right there to snap them all up at the perfect time. Probably right before Canadian lawmakers changed the tax laws to benefit the new corporate overlords. I agree there is the potential for investors to be totally screwed. But these companies wouldn't care. Their execs are currently getting paid handsomely to build out the market off of public dollars.
I agree it doesn't change fundamentals and I'm not trying to suggest OGI's financials are similar to HEXO's, but fundamentals and financials don't seem to matter much in this space these days. Stock prices on all of these companies (LPs and MSOs) have been grinding down largely due to sentiment, and reverse-splitting to prevent delisting is perceived as negative.
Exactly. Traditionally reverse splits are seen as a negative and sign of ongoing struggle. In OGI case I think management has down a good job in this environment. More a sign of the overall sector in turmoil.
If you believe in the stock there's no reason to let the price action scare you. In this sector you can lose a bajillion dollars or you can about break even the stock market will punish you all the same. I dont hold OGI but may start a position if it keeps getting pummeled.
OGI is still getting pounded. I really thought we’d never get to these levels with the BAT investment. Shows what I know!
So what's going to happen to OGI? Earnings seem to be received negatively and they are in dangerous territory with NASDAQ. Split coming soon?
Me neither. Pretty much trade a few LPs (OGI included) but have most of my money in Green Thumb and MSOS. I have Cresco , Verano, Terrascend and Curaleaf in smaller quantities.
