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OGI Cheap Stock

Sign Up For Your FREE Penny Stock Guide, Video & Get Penny Stock Picks Here - http://bit.ly/2WXc8bD OrganiGram Holdings (OGI) If you are looking for a cheap stocks that are also cannabis plays, look no further. OrganiGram Holdings Inc (NASDAQ:OGI) is Atlantic Canada’s original licensed producer of medical cannabis. The company sells both organic and non-organic strains of cannabis, as well as vaporizers and cannabis oils. What’s interesting about OGI is that it currently scores 8 back-to-back buy ratings from the Street. That gives it a ‘Strong Buy’ analyst consensus. Right now analysts are most bullish about OGI’s new expanded licensing. It has just received permission from Health Canada for an additional 163,000 square feet of cultivation space, which should lead to an extra 53,000 kg of annual growing capacity from 36,000 kg/ year currently. “We see this as testament to OGI’s foundation of operational and technological excellence. OGI’s established and escalating medical and adult-use consumer base, its multiplicity of forward-thinking strategic partnerships and collaborations, its innovative and meticulous cultivation methodologies, and its industry-leading product quality, cost of goods, and pricing, in our view, set this company in bold relief against its peers in the cannabis arena,” says Paradigm Capital’s Rahul Sarugaser. He sees the OGI expansion coming fully online by the fourth quarter of 2020 and is predicting revenue and EBITDA in fiscal 2020 of $177.3 million and $73.5 million, respectively. Plus the NASDAQ Global Select Market has just approved OGI for listing. According to management the move should boost the company’s liquidity.