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The latest update is out from OrganiGram Holdings ( (TSE:OGI) ).
Organigram Global Inc. has launched ‘happly,’ a new U.S. hemp-derived THC brand featuring FAST™ nanoemulsion gummies designed for specific mood states: socializing, relaxation, and sleep. This launch marks Organigram’s continued expansion into the U.S. market, targeting the growing segment of consumers interested in ‘mindful recreation’ with low-dose THC products. The brand aims to offer consumers moderation, control, and predictability in their cannabis experiences, using proprietary technology to ensure consistent effects. This strategic move underscores Organigram’s commitment to innovation and positions the company to capitalize on the increasing demand for functional cannabinoid products.
The most recent analyst rating on (TSE:OGI) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on OrganiGram Holdings stock, see the TSE:OGI Stock Forecast page.
Spark’s Take on TSE:OGI Stock
According to Spark, TipRanks’ AI Analyst, TSE:OGI is a Neutral.
OrganiGram Holdings’ overall score is driven by strong earnings performance and positive technical indicators. However, high valuation and cash flow challenges weigh on the score. The company’s strategic growth initiatives and market leadership position are significant positives.
To see Spark’s full report on TSE:OGI stock, click here.
More about OrganiGram Holdings
Organigram Global Inc. is a leading Canadian cannabis company, recognized as the top market share holder in the country. The company focuses on the production and distribution of cannabis products, with a recent expansion into the U.S. hemp-derived THC market. Organigram is committed to innovation and consumer satisfaction, leveraging advanced technologies and consumer insights to develop its product offerings.
Average Trading Volume: 148,835
Technical Sentiment Signal: Buy
Current Market Cap: C$365.4M
Find detailed analytics on OGI stock on TipRanks’ Stock Analysis page.