OrganiGram Top Pot Stock
I’ll be honest: it feels damn good to be right.
I’ve been practically evangelical about OrganiGram Holdings Inc (OTCMKTS:OGRMF, CVE:OGI) for a while now (here’s a refresher on some of the many reasons why), and OGRMF stock had a 10% gain on April 29 following its April 26 announcement that it was seeking to list on the Nasdaq.
I wrote way back in January about all the reasons we should be bullish on OrganiGram stock, and one of those chickens has finally come home to roost.
“As a management team we are seeing increased interest from investors in the U.S. and internationally and believe that having a listing on the NASDAQ will facilitate trading,” said OrganiGram CFO Paolo De Luca. (Source: “Organigram Announces Application to List on NASDAQ,” Cision, April 26, 2019.)
“In addition, based on precedents in the cannabis space, we expect trading volumes to increase which should result in increased liquidity for all investors.”
Chart courtesy of StockCharts.com
And this is just the beginning.
The Next Nasdaq Marijuana Stock
While no date has been set for OrganiGram to hit the Nasdaq, there will be a significant gain once it actually lands on the market.
There’s still a chance that it is denied listing for whatever reason, but that is very unlikely.
So this 10% daily gain is but a taste of what’s to come.
As I’ve long said in this column and in my newsletter, Marijuana Millionaire, OGRMF stock is one of the most potential-filled stocks on the market today.
In fact, if investors had been following along closely to this column and bought in to start 2019, they would have already doubled their investment, with more gains likely to come.
This stock, you see, isn’t just a one-trick pony. There are a number of things that could take place following this listing that will further propel OrganiGram stock.
The most obvious will be a merger or acquisition following what is likely to be a huge influx of capital once it hits one of the biggest exchanges in the world.
With all that cash on hand, OGRMF stock could make some big moves.
Then, of course, there’s still a chance that a larger company will want to acquire the hot upstart. At a market cap of just over $1.0 billion (and certain to rise following its new listing), OrganiGram is in a very good position to be bought out by a larger company looking to expand.
Speaking of its smaller market cap, this marijuana penny stock will be the cheapest (and smallest) option on the Nadsaq when it lands among pure-play marijuana stocks. Investors eager to get in on the ground floor of a booming company could do much worse than OrganiGram.
It feels good when your predictions come true and investors can benefit from your knowledge—and that’s just what happened with OrganiGram stock .
OGRMF stock has rewarded its supporters with another big day, likely followed by even bigger ones moving forward. As such, it’s hard not to be bullish on what is one of my top pot stock picks.