Will OrganiGram (OGI) hit New Highs in 2021?

The coronavirus pandemic came as a shock to many industries and it was particularly difficult for cannabis companies, which had already been going through a tough time.

One of the companies to have suffered during this time is OrganiGram Holdings (NASDAQ: OGI), which saw its stock plunge by as worse as 56% over the course of the past year. In fact, the stock has plummeted by as much as 83% from its highest point.

While it is true that many cannabis companies in Canada like OrganiGram have suffered due to the coronavirus pandemic, there might yet be something to be positive about. Licenses are being awarded in Canada at a much faster pace. It is a major positive since it will allow companies like OrganiGram to sell their inventory at a faster pace as well.

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Additionally, OrganiGram operates only a cultivation plant at Moncton and hence, this particular factor makes it easier for the company to streamline its activities efficiently.

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life