Organigram Expands U.S. Presence with Hemp-Derived THC Beverage Launch

OrganiGram Holdings ( (TSE:OGI) ) has issued an update.

Organigram Global Inc. has launched an e-commerce platform in the U.S. for its Collective Project brand, marking a significant step in its expansion into the U.S. hemp-derived THC beverage market. This move is part of a broader strategy to capitalize on the growing demand for THC beverages, with the market projected to reach $4 billion by 2028. The launch includes a diverse range of products, enhancing Organigram’s market presence and offering a new revenue stream, while reinforcing its position as a leader in the cannabis industry.

The most recent analyst rating on (TSE:OGI) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on OrganiGram Holdings stock, see the TSE:OGI Stock Forecast page.

Spark’s Take on TSE:OGI Stock

According to Spark, TipRanks’ AI Analyst, TSE:OGI is a Outperform.

OrganiGram’s overall stock score is driven by strong financial stability and positive technical indicators. Significant revenue growth and strategic market expansions enhance long-term prospects, though profitability and cash flow issues remain challenges.

To see Spark’s full report on TSE:OGI stock, click here.

More about OrganiGram Holdings

Organigram Global Inc. is a leading Canadian cannabis company listed on NASDAQ and TSX, known for its cultivation and manufacturing of cannabis-derived products. The company has a strong presence in Canada and is expanding internationally, particularly in the U.S. hemp-derived THC beverage market through its subsidiary, Collective Project.

Average Trading Volume: 122,551

Technical Sentiment Signal: Sell

Current Market Cap: C$254.4M

For detailed information about OGI stock, go to TipRanks’ Stock Analysis page.