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OrganiGram Holdings (OGI) Q3 2021 Earnings Call Transcript

OrganiGram Holdings (OGI) Q3 2021 Earnings Call Transcript
Motley Fool Transcribing
© The Motley Fool
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OrganiGram Holdings (NASDAQ: OGI)
Operator
Good morning. My name is Renz, and I ll be your operator today. At this time, I would like to welcome everyone to the OrganiGram Holdings Inc. s third-quarter fiscal 2021 earnings conference call. [Operator instructions] As a reminder, this conference call is being recorded, and a replay will be available on OrganiGram s website.
At this time, I would like to introduce Ms. Amy Schwalm, vice president, investor relations.
Amy Schwalm
Vice President-Investor Relations
Thank you, Renz. Joining me today are OrganiGram s chief financial officer, Derrick West; and our chief strategy officer, Paolo De Luca. Before we begin, I would like to remind you that today s call will include estimates and other forward-looking information from which our ....

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Global Cannabis Sales Exceeded $21 Billion In 2020; Forecasts $55.9 Billion By 2026

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PALM BEACH, Fla., April 29, 2021 /PRNewswire/ The global pandemic was expected to negatively impact the global economy… and it did, but there were some markets that exceeded expectations… and grew during the crisis. Industry insider BDSA (formerly BDS Analytics) said in a recent report that: The cannabis industry faced numerous challenges in the past few years, none so potentially disruptive as the coronavirus pandemic in 2020, said Micah Tapman, Chief Executive Officer, BDSA. Our previous forecast was conservative based on the expected economic fallout from the pandemic, but the industry not only survived, it thrived and legal cannabis gained considerable ground, exceeding our expectations in several markets. The report projected that: Global cannabis sales reached nearly $21.3 billion in 2020, an increase of 48% over 2019 sales of $14.4 billion. BDSA forecasts global cannabis sales will grow from $21.3 billion in 2020 to ....

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These 3 Canadian Stocks Popped Yesterday: Should You Buy?

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Yesterday, Statistics Canada reported that Canada’s retail sales in February rose by 4.8% to $55.1 billion. It further put the preliminary estimates for March at 2.3%. Supported by these substantial numbers and investors’ optimism over a robust economic recovery, the Canadian benchmark index, the
S&P/TSX Composite Index, posted a new high yesterday before closing at 19,356.95, representing an increase of 0.95% from the previous day. Meanwhile, the following three companies rose by over 5%. Let’s assess whether the momentum can continue going forward.
HEXO
Yesterday,
Hexo’s (TSX:HEXO)(NYSE:HEXO) Masson-Angers cultivation campus in Quebec received the Control Union Medical Cannabis Standard GACP certification. The company’s management hopes the certification could help in increasing its market share in Canada and penetrate newer markets worldwide. Meanwhile, the certificate could also aid in partnering ....

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Why Hexo Stock Looks Like It's Breaking Out Of A Technical Pattern

Hexo gained 12.91% Wednesday, closing at $6.56.
Here s a technical look at the stock chart.
Hexo Daily Chart Analysis
The stock is nearing the end of what technical traders call a falling wedge pattern.
The stock is trading below the 50-day moving average (green) and above the 200-day moving average (blue), indicating the stock is most likely facing a period of consolidation.
The 50-day moving average may hold as a place of resistance on the chart and the 200-day moving average is a potential area of support.
Key Hexo Levels To Watch
The stock has been falling in recent months, forming what technical traders call a falling wedge pattern. ....

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HEXO Corp receives Control Union Medical Cannabis Standard GACP certification

Press release content from Globe Newswire. The AP news staff was not involved in its creation.
HEXO Corp receives Control Union Medical Cannabis Standard GACP certification
HEXO Corp.April 28, 2021 GMT
OTTAWA, April 28, 2021 (GLOBE NEWSWIRE) HEXO Corp (“HEXO”, or the “Company”) (TSX: HEXO; NYSE: HEXO) today announced that its flagship Masson-Angers cultivation campus has received its Control Union Medical Cannabis Standard GACP (“CUMCS-GACP”) certification, the leading certification standard for medical cannabis cultivation.
“Receiving the CUMCS-GACP certification is a testament to the team’s attention to detail and commitment to producing high-quality, consistent cannabis products to serve the global cannabis industry,” said Sebastien St-Louis, HEXO CEO and co-founder. “As we continue to go after additional market share in Canada, and to penetrate new markets around the world, this certification demonstrates that we continue to offer high-qu ....

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