Level8Trading

OGI is starting to turn it around

Long
TSXV:OGI   None
OGI is beginning to look good again and is likely to continue the push upward. They have several key news events coming this month that should draw some attention. Plus the looming legalization vote that should go through June 6.

OGI is producing net income, something only a few LPs can say at the moment. Their facility is top class and they use a three-tier vertical system that allows sq/ft to be used to the max potential. They should be producing 88 000kg by the end of 2019 and at least 36 000kg by the end of this year. This should allow them to have enough product in the vault to contribute to the adult rec market from the get go. Those who don't have product ready risk losing out big time. All of this, and seeing the chart turning around has me feeling optimistic about OGI.

➡️ View trading as a numbers game
➡️ Take on the business model of a casino
➡️ Find an edge that puts odds in your favor over a set of trades
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.