OrganiGram Holdings (OGI)

For most cannabis businesses, 2019 was a nightmare. They were getting ready to put a difficult year behind them and look forward to a better year. They had no idea what this year would bring, and companies like OrganiGram have had to adjust to the new reality.

To cut costs, OrganiGram had to cut 25% of its workforce and reduce cannabis production at its Canadian facility in New Brunswick.

A necessary sacrifice for a company whose Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) turned negative last quarter due to higher sales costs.

OrganiGram has struggled in recent months, but the company may emerge from the under-five-dollar stock market after the pandemic. They can streamline and become more cost-effective than ever before – and at an attractive price for investors.

Stock price is US $1.80

Founded: 2010
Market Cap: 529.379M
Website: www.organigram.ca