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Is OrganiGram Holdings a Buy?

Is OrganiGram Holdings a Buy?

Over the past month, OrganiGram Holdings (NASDAQ: OGI) has seen its share price collapse by nearly 33%. While Canada's provincial lockdown measures to contain the coronavirus impacted marijuana stores' bottom line in the first quarter of 2021, OrganiGram had huge problems with its business model before such containment methods even began. During Q2 2021 (ended Feb. 28), OrganiGram's net revenue decreased by 37% year over year to just 14.64 million Canadian dollars.