News. And with all of the job losses, there will no doubt be a contraction in demand. MA: C$1.67 C$1.93. Shares of SPI Energy Co. Ltd. undefined soared 54% in premarket trading, but that paled in comparison to the 1,236.5% rocket ride on massive volume in the previous session. Get the latest Organigram Holdings Inc. (OGI) stock news and headlines to help you in your trading and investing decisions. However, adult-use recreational net revenue grew 16% to $15.0 million from $12.9 million in Q1 2020, which shows us strong consumer demand remained intact. Find the latest news headlines from Organigram Holdings Inc. Common Shares (OGI) at Its products include strains, cannabis oils, and vaporizrs. Welcome to Organigram. She has $140,000 in student loans — and just asked for my ‘blessing’ to work part time. But the retail environment should improve significantly in 2020. After this report was released, OGI traded down 11% on Tuesday. Its products include strains, cannabis oils, and vaporizrs. Share . Why Tilray and OrganiGram Holdings Got Slammed on Friday, OrganiGram Releases Cannabis 2.0 Products To Medical Users, Organigram (OGI) Catches Eye: Stock Jumps 11.7%, Why Canopy Growth, Cronos Group, and OrganiGram Soared Today, OrganiGram Holdings Starts Bringing Employees Back to Work, Organigram to recall about 50 employees at Moncton, New Brunswick campus in Phase 1 of reopening, Court Partially Overturns Class-Action Lawsuit Against OrganiGram Holdings, Better Buy: OrganiGram Holdings vs. Canopy Growth, Organigram Launching New Recreational-Use Products, Including Line of Organics, OrganiGram Announces a New At-The-Market Share Sale Program, Cannabis producer Organigram to raise $35 million through market equity sales. OGI reported net revenue of $23.2 million, compared to $26.9 million in Q2 2019 and $25.2 million in Q1 2020. The two companies have signed an agreement that is going to last for two years, and under the terms, Organigram will have to supply Canndoc with dried cannabis flower. Where will OrganiGram land 10 years from now? By continuing to use our service, you agree to our use of cookies. We like the fact that they are putting a stronger focus on higher-margin 2.0 products. Commerce Policy | They also shipped their Edison Feather ready-to-go distillate vape pens and Edison Bytes, cannabis-infused chocolates in February. This isn’t a shared device, you can remember me for 30 days. Now: C$1.42 C$5.98. Find the latest news headlines from Organigram Holdings Inc. Common Shares (OGI) at Some provinces in Canada have deemed cannabis retailers essential, while other parts have restricted them to temporarily close or only offer curbside pickup. Do Options Traders Know Something About Organigram (OGI) Stock We Don't? Cookie Notice. The company was … OrganiGram Had a Brutal Q2: Is the Worst Still to Come for the Stock? Disclaimer | As we enter into earnings seasons, investors are bracing themselves. The company announced a corporate action plan which intends to boost containment of the COVID-19 virus. Will OrganiGram Stock Finally Capitalize on Cannabis 2.0? The company reported ($0.51) EPS for the quarter, missing the Thomson Reuters' consensus estimate of ($0.02) by $0.49. said Wednesday that it was raising up to C$49 million ($34.5 million) by selling shares in small batches at market prices. The cannabis sector has received mixed signals this past quarter, as the COVID-19 crisis has unfolded. There has been an uptick in online sales, as the stay at home economy pushes on, but there has also been lots of controversy around retail stores. They have a lot less overhead than some of the bigger cannabis companies and do not not carry goodwill like CGC or ACB, which makes their balance sheet a lot healthier. They also have goals of protecting the health of every one of their employees. SPI Energy's stock adds to previous day's rocket ride, as Sunworks' stock also soars, Nikola's stock tumbles after Wedbush's Ives turns bearish, slashes price target, Tesla stock still a ‘buy’ as uptrend remains intact, chart watcher says, ‘Vote him out!’ President Trump booed during visit to RBG’s casket, Historian who has accurately called every election since 1984 says Biden will beat Trump in 2020 race, Why stock-market investors are starting to freak out about the 2020 election, 3 ways to de-risk your portfolio in volatile times, My wife had a baby in June. It’s our opinion that OGI not only has what it takes to survive this tough economic environment but they also have an efficient business model that should propel them going forward, when the market conditions improve. If You're Considering Buying Organigram Stock on the Dip, Read This. C$1.40. He also hosts a weekly show on YouTube about marijuana stocks. U.S.-traded shares of Organigram fell 1.9% in early afternoon trading. Greg Engel, CEO of OrganiGram, said, “Our second-quarter results reflect continued execution despite ongoing industry challenges. More... Sector. Aaron is an experienced investor who is also the CEO of Departures Capital. Its products include strains, cannabis oils, and vaporizrs. Copyright © 2020. The biggest headwind for OrganiGram right now is the lack of an adequate retail infrastructure for the Canadian adult-use recreational marijuana market.