Organigram Offers Investors Exposure to Canada’s Legal Pot Market

[stockchart symbol=OGRMF]

Canada’s legal medical marijuana industry is expected to grow to C$1.3 billion with more than 450,000 patients over the next ten years by the government’s estimate. With just 13 approved licensed producers of marijuana, investors only have a few options when looking for direct exposure to the newly minted industry, including only three publicly traded or soon-to-be publicly traded companies.

Organigram Inc. [stockquote symbol=OGRMF] (TSX-V: OGI) recently joined Tweed Inc. [stockquote symbol=TWMJF] and Bedrocan Canada Inc. [stockquote symbol=BNRDF] (TSX-V: BED) as publicly traded licensed producers in both Canada and the United States. Just like its two predecessors, these companies went public through reverse mergers and have since achieved lofty valuations.

Organigram differentiates itself from the competition with its high-quality certified organic products that cater to specific medical conditions, as well as its bilingual staff that caters to both English speakers and francophone markets. In late August, the company completed its first harvest, and earlier this month, began shipping its first orders to customers after completing testing through RPC Laboratory. The testing results also confirmed the high-quality nature of its product.

“We are extremely pleased to have passed testing and shipped product to our first customers,” said Organigram CEO Denis Arsenault. “The fact that we were able to produce product that passed testing without the process of irradiation (cold pasteurization) confirms the high quality of our team, facility, and validated the benefits of our organic growing process.”

Looking ahead, investors will be watching for earnings at Tweed during the third and fourth quarters as an indicator of just how robust medical marijuana demand is in Canada. Organigram made headlines earlier this year when it revealed that it sold out of its product before it harvested a single plant, however, suggesting that it has seen robust pre-orders for its product from patients in need.

Shares of Organigram are trading at about $2.00 per share in the U.S. on the OTC Pink Sheets where it plans to uplist to the OTCQB over the coming weeks.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

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