It’s here. Long in the making, but we’re finally going to see OrganiGram Holdings Inc (NASDAQ:OGI) hit the Nasdaq on May 21 and begin trading under the symbol “OGI” (until then, it can be found under OTCMKTS:OGRMF, CVE:OGI). (Source: “Organigram to Commence NASDAQ Trading with Symbol OGI on May 21,” New Cannabis Ventures, May 17, 2019.)
This is a huge boon to a stock that I already consider to be one of the best stocks on the market.
You see, the reason I’m so bullish on OGRMF stock (soon to be OGI stock) is that it is one of the few companies that checks almost all the boxes when it comes to top marijuana stocks.
It’s big—valued over $1.1 billion—so big that it has the foundations to withstand market changes, but not too big that one could reasonably consider its glory days behind it.
What I mean by this is that the company is not some micro-cap marijuana penny stock that can rise and fall at a whim. It’s instead a well-tested and strongly formed business that has the fundamentals to withstand downturns, all while being a small enough size that big gains can come quick.
Another thing that OrganiGram Holdings Inc has going for it is that it has long been considered one of the most undervalued marijuana stocks around.
It is one of a few marijuana penny stocks that are on the cusp of making the next step towards becoming a real industry heavyweight. And that step will be very profitable for investors that get in at the right time.
Finally, the company has no major partnerships as of yet. That means that one could be in store in the future. Such a move would see share prices rise