44.6 F
New York
Tuesday, November 24, 2020

OrganiGram Holdings (NASDAQ:OGI) Surging On New Technology For CBD-Infused Edibles

Must read

When Will Uranium Energy Corp. (UEC) Slow Down

Uranium Energy Corp. (UEC) shares are trading at higher $0.99 and the avg recommendation for the stock is Strong Buy. To add more color...

Will Extended Stay America Inc. (STAY) Find a Support Level Soon?

Extended Stay America Inc. (STAY) shares are trading at higher $13.21 and the avg recommendation for the stock is Moderate Buy, while the current...

The Forecast Just Changed on Solitario Zinc Corp. (AMEX:XPL)

Solitario Zinc Corp. (XPL) shares are trading at higher $0.53. To add more color to this target, the company’s high over the last year...

Is the Rough Ride Over for Cardinal Health Inc. (CAH)

Cardinal Health Inc. (CAH) shares are trading at higher $52.29 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

OrganiGram Holdings Inc. (NASDAQ:OGI) stock was up by more than 3% on announcing an expanded development of a proprietary technology that would support the production of liquid and powdered cannabinoid products.  The technology leverages nano-emulsion to produce micro-droplets that are small and uniform.

OrganiGram Nano-Emulsion Technology

In a press release, the company has confirmed that the technology will allow the development of cannabis products with rapid and onset effect. The fact that the process bypasses a large part of metabolism should enhance the absorption of cannabis products into the bloodstream.

The unveiling of the new technology could not have come at a better time as Canada is gearing towards the legalization of edibles and beverage cannabis produces. The proposed technology should find great use on the development of cannabis-infused chocolate as OrganiGram eyes an array of edibles.

“This is an exciting time for cannabis product development. We know that predictability and reliability are important to adult consumers of cannabinoid-infused products. We also believe that a powder additive will offer consumers a unique and differentiated offering, along with convenience and discretion,” explained CEO Greg Engel.

NASDAQ:OGI

Increased Production

In addition to developing edibles, OrganiGram stock is exploring the possibility of inking a strategic partnership as it seeks to expand its footprint into the production of cannabis-infused beverage products.  With the drive, the company is seeking to make good use of cannabis liquid formulation it develops.

In June OrganiGram received approval from Health Canada to operate 17 additional cannabis cultivation rooms. The approval should allow the company to achieve 14,000kg of increased production capacity. With the increase, the company should be able to ramp up production of cannabis edibles as well as beverages to cater to the growing market demand.

The expansion drive underscores ongoing growth as the company continues to pursue growth opportunities in the cannabis marketplace.  It thus does not come as a surprise that OrganiGram stock has started edging higher after a period of consolidation in recent months.

The stock has gained over 15% in the past week. Sign-up for continuing coverage on shares of $OGI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $OGI, either long or short, and we have not been compensated for this article.

Latest article

Valvoline Inc. (NYSE:VVV) Finding Strong Support

Valvoline Inc. (VVV) shares are trading at higher $22.69 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

Renewed Optimism is Surrounding Laredo Petroleum Inc. (NYSE:LPI)

Laredo Petroleum Inc. (LPI) shares are trading at higher $11.34 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

21Vianet Group Inc. (NASDAQ:VNET) is Waving the Bull Flag

21Vianet Group Inc. (VNET) shares are trading at higher $24.80 and the avg recommendation for the stock is Strong Buy, while the current analyst...

The Forecast Just Changed on Purple Innovation Inc. (NASDAQ:PRPL)

Purple Innovation Inc. (PRPL) shares are trading at lower $29.59 and the avg recommendation for the stock is Strong Buy, while the current analyst...

National Retail Properties Inc. (NYSE:NNN) on the Path to Profitability

National Retail Properties Inc. (NNN) shares are trading at higher $39.92 and the avg recommendation for the stock is Moderate Buy, while the current...