OGI Moving Higher Friday Anonymous has been buying for 2 solid days...

House Positions for C:OGI from 20210219 to 20210219

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
1 Anonymous	1,819,299	8,228,658	4.523	1,298,245	5,861,328	4.515	521,054	-2,367,330
39 Merrill Lynch	810,076	3,647,021	4.502	491,400	2,214,757	4.507	318,676	-1,432,264
53 Morgan Stanley	122,299	553,261	4.524	82,943	373,514	4.503	39,356	-179,747
9 BMO Nesbitt	100,484	459,941	4.577	79,278	358,966	4.528	21,206	-100,975
80 National Bank	108,738	491,767	4.522	92,947	420,706	4.526	15,791	-71,061
212 Virtu	60,820	273,810	4.502	47,127	213,728	4.535	13,693	-60,082
76 Industrial Alliance	7,170	32,801	4.575	0			7,170	-32,801
13 Instinet	4,000	18,114	4.529	133	584	4.391	3,867	-17,530
65 Goldman	4,936	21,655	4.387	1,400	6,356	4.54	3,536	-15,299
19 Desjardins	28,980	130,477	4.502	27,351	123,407	4.512	1,629	-7,070
14 ITG	2,131	9,656	4.531	1,663	7,187	4.322	468	-2,469
72 Credit Suisse	300	1,362	4.54	0			300	-1,362
36 Latimer	7,001	31,509	4.501	6,816	30,735	4.509	185	-774
143 Pershing	1,000	4,550	4.55	2,900	13,264	4.574	-1,900	8,714
57 Interactive	0			2,300	10,418	4.53	-2,300	10,418
124 Questrade	17,890	80,663	4.509	22,934	102,917	4.488	-5,044	22,254
28 BBS	1,000	4,400	4.40	26,000	117,750	4.529	-25,000	113,350
88 Credential	12,958	58,388	4.506	44,385	202,357	4.559	-31,427	143,969
2 RBC	117,908	528,453	4.482	155,825	703,061	4.512	-37,917	174,608
33 Canaccord	21,000	94,318	4.491	74,550	339,201	4.55	-53,550	244,883
89 Raymond James	0			71,000	323,920	4.562	-71,000	323,920
85 Scotia	73,151	329,115	4.499	149,469	668,264	4.471	-76,318	339,149
7 TD Sec	784,234	3,526,997	4.497	960,393	4,338,035	4.517	-176,159	811,038
79 CIBC	1,700,514	7,685,817	4.52	2,166,830	9,782,276	4.515	-466,316	2,096,459
TOTAL	5,805,889	26,212,733	4.515	5,805,889	26,212,731	4.515	0	-2

 Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc. (together, the "Company" or "Organigram"), a leading licensed producer of cannabis, recently announced its results for the first quarter ended November 30, 2020 ("Q1 Fiscal 2021" or "Q1 2021").

We are pleased with our double-digit sales growth in the Canadian adult-use recreational market this past quarter as it reflects the success of many of our new product launches, particularly in the dried flower value segment," said Greg Engel, CEO. "Now we look forward to our new higher margin Edison dried flower offerings contributing substantially to overall revenue with even more new products to come in the next few quarters. We believe our product portfolio revitalization combined with additional resources to ramp up production and achieve greater economies of scale as well as our relentless focus on increased automation and cost efficiency opportunities position us well to generate further top-line growth and significantly improve gross margins."

OGI A Potential 10x Stock?

From The Motley Fool

What happened

On a day when some marijuana stocks shot to the moon, shares of OrganiGram Holdings (NASDAQ:OGI) rose modestly. While peer stocks closed Tuesday higher in the double-digit percentages, OrganiGram "only" increased by 7% and change.

So what

Like its fellow pot purveyors, OrganiGram stands to benefit from an apparently accelerated timetable for Congress to introduce and enact marijuana reform legislation.

While some of its peers could potentially reach across the border to directly sell tons of product here, OrganiGram is a comparatively small operator based in eastern Canada.

IMAGE SOURCE: GETTY IMAGES.

The company also announced Tuesday that Senior Vice President of Operations Matt Rogers is departing at the end of May.

In addition to being an important manager at OrganiGram, Rogers was one of its first employees. OrganiGram wrote that his "insights and creativity have been instrumental" to its efforts. 

Now what

The departure of a valued and clearly experienced executive is less than ideal. This is particularly true in the marijuana sector, where seasoned management remains in short supply (to be fair, the licensed cannabis business is only a few years old).

OrganiGram hasn't named a direct replacement for Rogers, but it did mention that before his departure, he'll work closely with newly appointed Plant Manager Nathalie Batten. Hopefully, he will impart most of his knowledge on his way out the door.

Eric Volkman has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends OrganiGram Holdings. The Motley Fool has a disclosure policy.

https://www.fool.com/quote/nasdaq/organigram-holdings/ogi/

What happened

Cannabis stocks have been on a wild ride this week starting with chatter among Reddit users that likely caused a surge across the sector. That trend reversed on Thursday, however, and the stocks are bouncing around again today. 

Shares of OrganiGram Holdings (NASDAQ:OGI), for example, dropped 14% early Friday morning, before reversing to a 15% gain as of 10:55 a.m. EST. Shares of Aurora Cannabis (NYSE:ACB) and HEXO (NYSE:HEXO) were also each down double digits early in the session, but have settled back to a drop of 7% and a gain of 3%, respectively. 

https://www.fool.com/investing/2021/02/12/why-aurora-cannabis-organigram-holdings-and-hexo-d/

 From the Reddit Board

OrganiGram Holdings HOLD Lastly, if you want a marijuana stock with real potential, OrganiGram Holdings (NASDAQ:OGI) is where to put your money to work -- not Sundial.

Similar to Sundial Growers, OrganiGram is based in Canada. But unlike its peers, it's the only major grower headquartered in the Atlantic region of our neighbor to the north. Interestingly, even though Canada's Atlantic region provinces are less populated, adult cannabis use rates are much higher in these provinces and territories than the national average.

Aside from having a geographic advantage, OrganiGram's Moncton facility in New Brunswick stands out for a number of reasons. First, since the company only has one production and processing site, it can adjust its supply chain more easily than its peers. It also doesn't hurt that the company employs a three-tiered growing system, which should help reduce long-term per-gram production costs while maximizing yield per licensed room.

OrganiGram should fare well on the margin front, too. It spent an estimated $15 million Canadian on a line of fully automated equipment to make up to 4 million kilos of chocolate edibles each year. The company developed a proprietary beverage powder, as well. These higher-margin consumption options can help offset the lower margins and commoditization potential seen in value-based dried cannabis flower.

Compared to Sundial, OrganiGram is a night-and-day better company, and a much smarter penny stock to buy.

And this post

I’m 40@5.45 will prob add more to average down. This is a longer term play y’all. Will it jump quickly? Yes probably but it will probably be volition and go back down. These weed stocks are long play because we have legislation to look forward to. I sleep better at night knowing that as of right now OGI is pretty sound financially and has good fundamentals as far as I know.

And this post

Motley fool considered it as a potential 10x stock. It won’t do that overnight but I see it happening in time. I would say set your price and wait. I know this past week it surged but remember it is goes up quickly it has a big potential to fall quickly. I feel confident in the purchase.

https://www.reddit.com/r/OGIstock/comments/lj5d7x/where_are_we_at/