Been in Organigram (OGI) for 2 years. It’s the only marijuana stock I own and will hold this sucker indefinitely. Solid financials, strong growth in a friendly east coast market. Also listed on the Nasdaq Global Select market for the US investors.
So, is all the growth basically tapped in these investments?
yeah most of them will die. they all basically have no revenues, the government’s own pre-legalization document shows that the current price differential between legal and illegal cannabis means the legal cannabis market will be 1/3 of what was expected. so oversupply is looking like it will be 6x demand for the foreseeable future. even canopy was expected to be on pace for ~$1B in revenues by now but its looking like hitting ~$400M will be difficult. the small guys will run out of money soon if they don’t find new investors to throw money into the fire.