It has been a pretty eventful year in the stock markets this year so far and there are many stocks that have displayed considerable volatility so far. One of the factors behind that is due to the actions of penny stock chasing retail investors on Robinhood and one of the stocks that could be worth looking into from the brokerage’s leader board is that of cannabis company OrganiGram Holdings Inc (NASDAQ: OGI).
Over the course of the past year or so, the stock has struggled due to a number of factors but there are certain things investors need to consider. The company is located in the Atlantic region in Canada and that is a region that has recorded higher per-capita cannabis consumption than the average in the country.
Another competitive advantage enjoyed by the company is that it operates a solitary procession and cultivation facility. That helps OrganiGram in running tighter and more efficient operation than many of their peers. The stock has rallied by as big as 50% over the past three weeks and it could be worthwhile for investors to keep an eye on it.
Writing for business and finance publishers has become his passion over the last decades after he completed a master’s degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.