Headquartered in Moncton, Canada, OrganiGram Holdings Inc. (OGI) produces and sells cannabis and cannabis-derived products. It offers medical cannabis products, including cannabis flowers, cannabis oils, and vaporizers for civilian patients and veterans; adult-use recreational cannabis under the Edison Cannabis Co., Trail Blazer, SHRED, SHRED’ems, Big Bag O’ Buds, and Monjour brands; and cannabis edibles products and concentrates. The company also engages in the wholesale shipping of cannabis plant cuttings, dried flowers, blends, pre-rolls, and cannabis derivative-based products to retailers and wholesalers for adult-use recreational cannabis.
Amid calls for the legalization of marijuana for medical and recreational use, the U.S. House of Representatives passed legislation last month, dubbed the Marijuana Opportunity Reinvestment and Expungement Act, which was passed in the previous year but did not move forward in the Senate. The legislation removes marijuana from the list of scheduled substances under the Controlled Substances Act and eliminates criminal penalties for an individual who manufactures, distributes, or possesses marijuana. This is expected to drive the demand for marijuana for medical and recreational use. According to cannabis data experts at BDSA Analytics, global cannabis sales will surpass $61 billion in 2026, growing at a 16% CAGR. However, not all cannabis stocks are well placed to capitalize on the industry tailwinds.
