Q: OGI closed yesterday at $3.65. The company announced this morning that it was selling 7.74 million shares to a syndicate of underwriters for $3.23 per share.
After the market opened, OGI is down >20% to ~$2.85.
Why did the company apparently shoot itself in the foot by doing this?
After the market opened, OGI is down >20% to ~$2.85.
Why did the company apparently shoot itself in the foot by doing this?
-
Canopy Growth Corporation (WEED)
-
Organigram Global Inc. (OGI)
-
Green Thumb Industries Inc (GTII)
-
Cresco Labs Inc (CL)
-
Trulieve Cannabis Corp (TRUL)
-
Tilray Brands Inc. (TLRY)
Q: Hi, I have noticed that OGI is hitting new highs and has doubled in the last 2 to 3 months. TRUL, CL and GTII are also doing well. Meanwhile, TLRY and WEED are going sideways or down. Why the large difference between these two groups? Thanks
Q: I’m considering dipping my toe in the cannabis market. Which of these three would you recommend? Also would any of them benefit from American legalization? Thanks