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OGI Organigram Holdings Great Earnings Call and Price Targets

Long
NASDAQ:OGI   Organigram Holdings Inc
OGI is free of any significant debt after repaying our entire term loan balance of 58.5 million!
The company currently has 220 million in cash and short-term investments!
The Market Cap is only 880.85M!

Q3 results:
- Gross revenue grew 51% from Q2 2021 to 31% from the same period in fiscal 2020 to 29.1 million.
- Net revenue grew 39% from Q2 and 13% from the same prior-year period, respectively, to 20.3 million.
- Cost of sales decreased 47% to 23.4 million from Q3 of 2020
- IFRS gross margin increased to a positive 2.1 million from a negative 50 million in Q3 of 2020, largely due to lower cost of sales
- net loss in Q3 of 2021 was reduced from Q3 2020 loss of 90 million to 4 million.

Tobacco giant BIT British American Tobacco made an investment in Canadian pot grower OGI Organigram Holdings . BIT has a 19.9% stake in Organigram for an investment equivalent to about $175 million.

The partnership also gives OrganiGram an opportunity to expand into the U.S. and new international markets.

1. My medium term price target is 4.5usd based on the resistance level
2. Fibonacci extension tool has a price target of 5.45usd
3. Stifel Nicolaus brokerage has a price target for OGI of $6.00

Did you know that you can buy it now similar to the price British American Tobacco paid for OGI Organigram Holdings?

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