OGI

Kbarbs4421

Zoomed out and found the likely explanation on the 10-day. RYM fail much harder than the rest of the sector last week. On the 10-Day, it's basically even with CRON/OGI, which are the strongest in the sector atm. Speaking of....LPs fared pretty well this week, relatively speaking. A few even managed to be up on the week.

GeoLogic23

I had a much larger comment but it wasn't letting me post for some reason. A lot of the companies you know are selling Delta 9 THC hemp now in some way. There are a few random companies I can think of too. In no particular order. Tilray, CGC, Agrify, OGI, CWEB, Glass House, Jones Soda, High Tide, VFF, Curaleaf, Trulieve, cbdMD, LFTD Partners, Lexaria Biosciences. I'm sure I missed some. Besides investing in many of those companies, I have also been against the grain a bit myself by looking for positions in alcohol companies that I know are interested in hemp beverages. Like Constellation Brands, AB InBev, Boston Beer, and Molson Coors. Also Pernod Ricard is supposedly looking for a hemp beverage acquisition, as confirmed by the founders of Brez. If they are able to shift into higher margin hemp drinks they could be a major turnaround story, as they are getting such bad press lately about people not drinking anymore. I am recently dabbling in other beverage companies that have been beaten down too, like KDP and Pepsi. Pepsi actually had a hemp seed oil Rockstar coming out back in 2022, so they are interested in hemp. I think Celsius will be one of the first mainstream brands to incorporate CBD, but that's purely a guess.

No_Joke_4019

OGI is extremely undervalued given they are the market leader in canada. What does this have to do with rescheduling? Canada  must reform its excise tax once US reschedules to stay competitive, which means OGI will become highly profitable with no debt n no dilution needed. Poised to rocket my friends. Poised to rocket. I think currently with excise tax reform theyd get something like 12-15 million net profit each quarter. 

Simplylegalize

Yes but they have shown that they have somewhat changed. Sundial has a clean balance sheet and Aurora’s financials have improved a lot. I am not saying they are as good as VFF, OGI, or HITI but they have definitely separated themselves from Canopy and Tilray.

Kbarbs4421

Agreed. But only a few have crossed so far. LPs led the way with VFF being the first to cross followed by CRON, OGI, and most recently SNDL. On the MSO side, TRUL and CURA have crossed while the other top tier names are currently approaching.

200cents

Dont forget about the quiet Global OGI either.

GeoLogic23

No. I believe that Irwin Simon was chosen to lead them based on his pre-existing connections to [Jay Schottenstein and Michael Serruya](https://www.reddit.com/r/weedstocks/comments/1dikfm1/comment/l954eeo/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button). I don't see another good reason for a guy who spent decades in health food to take over an international drug company in the middle of an existential crisis (the short report). I kind of have the idea that Tilray (and others) knew nothing was going to happen for them until the next Farm Bill, as all the Canadian companies were pursuing hemp very strongly in 2018/2019. So I think there is a fairly good chance that Irwin Simon has never cared about retail shareholders at all, but was just using public money to build out assets for private equity or big CPG to get value for an investment/buyout. That being said. Irwin Simon gets a lot of criticism, which I think is deserved. However this company has been around since 2014, and since 2019 Irwin Simon has kept them as one of the most valuable cannabis companies in Canada, without any real outside investments (like Cronos/Canopy/OGI/Auxly). Yes it was through diluting long-term shareholders, but it's not his fault people were buying his overvalued company. So he should get a little credit for the company still being one of the top Canadian companies. Overall though, no I don't really trust Irwin Simon to do what is best for retail shareholders.

Turbul

Have you been watching BAT’s investments in OGI ?

JohnnySquesh

Definitely. I used to be better and listen to every Green Thumb and Cresco conference call. OGI too.

Flipside68

Is it only me wondering why OGI isn’t running today?

NoOcelot

Wake me up when OGI can put together two consecutive net income quarters.

AverageNo130

This stock needs large volume to overcome the lid on stock price some groups has in place for a long time. Noon volume today 419.84k vs avg daily vol of 165.05k @ $0.1245 OGI on Nasdaq noon vol 1M vs avg daily vol 657.22 @ $1.55

dirtbags5

OGI. Not bad Bro

GeoLogic23

Let's review the actual actions from this timeline. * Congress removes hemp language from Appropriations Bill * Trump says they are reviewing rescheduling How is this different from the situation last year? We had the same hemp language added and then removed from appropriations, and Biden was already reviewing rescheduling. Then there are these comments: >By moving away from a piecemeal hemp crackdown and toward rescheduling cannabis, Trump can solve the **hemp loophole through unified federal THC regulation** >Politically, it’s a win on multiple fronts: it modernizes cannabis laws without full legalization, frames the move as a public safety and economic reform, and positions him—**not Congress**—as the one delivering the solution You're talking about unified federal regulation of THC, but saying that wouldn't come from Congress? **That needs to come from Congress.** I am of the opinion that it's not about Trump or Biden, but about when corporations/billionaires want changes to occur. Trump doesn't understand the difference between THCa and Delta 9 THC. Neither did Biden. Anything they do is following a plan made by others. Bringing cannabis back as a mainstream CPG product is too massive of a move to leave up to Biden/Trump alone. Just like in 2018 when SAFE was [brought up to Trump](https://www.forbes.com/sites/tomangell/2020/01/25/trump-says-marijuana-makes-people-lose-iq-points-in-secret-recording/). He dismissed it and said it was all being worked out. >“That’s the biggest problem, because none of the banks accept the money,” Parnas explained. >Trump then said that the issue is “all working out. That whole thing is working out.” >“I don’t know if that’s a good thing or a bad thing,” he added. Or like with the industrial hemp bill, which was [written by lobbyists](https://www.politico.com/news/2023/05/07/jon-tester-wanted-to-soften-hemp-regulations-00095634). >....hemp lobbyists and businesses brought the original idea for the legislation to Tester’s office. An email obtained by POLITICO also shows that in February they got a word-for-word early look at the bill that the two senators would go on to introduce weeks later. I do think that (regardless of President) the act of rescheduling needs to occur in conjunction with the Farm Bill dealing with hemp products. Rescheduling and hemp regulations are completely separate actions, but the government can't have separate announcements dealing with the legalization of THC. It would be very confusing to the general public. They had seemed to be ready to deal with hemp at times during Biden's term. It really feels like they're ready to deal with hemp soon lately though. You have Texas, Florida, California, New Jersey, etc all up in the air regarding hemp laws. Texas is currently in special sessions to create hemp regulations, and have said they want to match federal regulations. You also have big tobacco and big alcohol dipping their feet in, like with OGI/BAT, AB InBev distributors selling hemp, and reports that Pernod Ricard is looking at a hemp acquisition.

Equivalent_Smell_325

Off topic, but any thoughts on OGI's earning tomorrow?

KAESLAX

This also means VFF has surpassed ACB and OGI in market cap, and is even getting close to CGC now. Curaleaf is also back at the top as largest MSO.

Flipside68

Anyone buying OGI before earnings? They release prior to market in the 13th

GeoLogic23

The market doesn't disagree. That's my point. ACB is doing just fine after their reverse split. So is OGI. My point has always been that the vast majority of reverse splits are occurring in failing companies. But there are absolutely occasions where reverse splits happen with solid companies. So you can't say that reverse splits 100% always lead to continue share price dropping. I have an average in ACB that is close to $3 because i practice what i preach and invested heavily after their reverse split. I am also green on my OGI position for the same reason. **I'm correct by definition, and because the market has agreed. And i have the receipts to back it up.**

GeoLogic23

WTF do reverse splits have to do with this conversation? That's so random. I'm giving lots of context and detail to my **thoughts about Trulieve**. But I'll just point out that there are prominent recent examples (OGI/ACB) that have proven I've been correct about reverse splits this entire time. But sure, try to use that as an example of whatever it is you're trying to say about me. Flower quality doesn't matter. How much you're able to sell matters. Just like it doesn't matter if you sell Bud Light or some premium craft beer. I just care about how much you sell and whether you are going to be able to make a profit selling it. **As a consumer I care about quality. As an investor I care about profits.** * If Georgia isn't their only other source of growth, what is? * Why would they be profitable in Georgia if they haven't been able to be profitable after many years operating in Florida? * How do you know they have upcoming refinancing that is favorable? I am asking some specific questions here. You could address them, or you could just say some nonsense about reverse splits and avoid the conversation.

Forest_City_Frolfer

I actually really like VFF and CRON I'm down bad on VFF (I forgot about them) but I think they are making a really good decision divesting the produce business. Their operations are just quite complicated right now so I was going to wait for an earnings or two to sort out how their new produce agreement looks. CRON is really boring, and I love it. Just sitting on a huge chunk of cash waiting for everything to sort itself out, then make their moves. Their investment on HITI is interesting, and they are popular enough to pump big of the US legalizes. I also love how they've grown the spinach brand and captured so much market share without acquisitions. OGI has kinda disappointed me. They just seem to be consistently mediocre regardless of the moves they make. I sold them when Beena left and lost quite a bit on them. They have a lot of potential, but they've never really convinced me that they can do anything with that potential. Decibel I feel the same way, they've just been mediocre. Came out and posted some profits, then fell apart and have just lingered around since. As for what stock to buy? After the recent price bumps for LOVE and XLY I kinda expect them to sit around for a bit, but they both look awesome long term. VFF and CRON I think have more short term upside but they still have a lot to prove. If VFF starts posting positive net income I think they will have huge upside.

GuyOnTheCouch420

Thanks appreciate the color. What do you think of XLY/LOVE versus VFF/CRON? They both have higher EVs so I feel like it’s a hard jump to make. Kinda same with OGI but the mgmt uncertainty prob holds it back till there is an announcement. Decibel I think is bad. They came out really strong a couple years ago and just haven’t had momentum since. Feels like instead of fixing their biz they just bought a bankrupt international supplier right when it feels like international is getting tough

GeoLogic23

Tilray, OGI, Canopy, and Flora Growth all are NASDAQ companies that are active in the US hemp THC market. Jones Soda also said they are uplisting.

GuyOnTheCouch420

Those aren’t the big Canadian LPs anymore. ACB barely in rec in Canada. they are basically a international medical company that will do well short term but will be tougher long term because they’ll have to fight with tighter margins like Canada. CGC is dead and a dumpster fire. TLRY is Frankenstein dilution monster. Look at CRON, VFF, OGI. Along with XLY and LOVE (I think both are good but too expensive), those are your big Canadian LPs now. ACB isn’t a bad company, just hard to compare them to others. They need new international markets to keep going but mgmt has done a good job with what they were handed.

GeoLogic23

No worries. My poor OGI just always seems to get left out :(

GeoLogic23

Ok..... You know what I'm asking. Why reply like this? lol What do you not like about OGI compared to a CRON/SNDL?

GeoLogic23

What are your feelings on OGI?

ErnestosTacos

ASTS, but the dilution is frustrating. ALMU, OGI, PL.

GeoLogic23

This is a false statement. There are plenty of companies with less debt than Tilray. OGI, ACB, CRON just to name a few.

One-Yard9754

Correct, I’ve been essentially swapping ACB/GTI trading it kinda like a spread, minus the pair trade (not shorting these companies). But I’ve been rolling the ACB a lot by writing calls against it, purchasing calls (different strike and expiry), writing outs, all along with keeping an eye on how GTI moves. I have a ridiculous amount of capital GTI longterm (along with Trulieve about 1/4th the size and a tiny OGI). In the unlikely event something big actually happens with MSOs in the states I’ll reap the rewards on my GTI/Trul, but if nothing happens I’ll keep rolling the ‘trade able’ part of my capital. Back in the day all of this would be put into leveraged long/short pair spreads, but I don’t have the time or energy to do that anymore.

hfpfhhfp

OGI acquired Collective Project maybe? Their products are great.

mangongo

Back in February I sold about half of my OGI shares at a loss and DCA'd that money into Auxly.  I am very happy with my decision right now, finally one of my pot stocks is actually green!

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!