In a world where organic production of all types of foods is becoming a preference, one marijuana stock is benefiting from this shift in mindset.
OrganiGram Holdings (OGI:TSXV) is growing its products with organic methods and aims to produce a higher quality product than its competitors.
OrganiGram Holdings has recently become a well-known marijuana stock at Pinnacle after sealing the deal for long-time member ‘releroux‘ in October’s Stock Challenge. releroux is now a two-time Champion in our monthly contest. He was already in third place Monday morning as OrganiGram continued higher.
Click here to read last month’s write up: Two Marijuana Stocks Square off in October’s Stock Challenge
OrganiGram Holdings: top organic marijuana stock
OrganiGram Holdings continued its rally Monday, gapping up 10 cents in the first few hours of trading. The company’s shares traded at $0.71 per share on over half a million in volume.
In a SensiSeeds.com article, titled Top 5 reasons to grow organic cannabis, the benefits of organic growing are outlined. The articles cites,
- Improved yield
- Increased potency
- Improved flavour and aroma
- Richer microbiome
- Lighter environmental impact
Click here to read the entire article and the details on each benefit.
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OrganiGram benefits from organic marijuana growing
OrganiGram Holdings recently took advantage of some negative press surrounding the use of pesticides in the marijuana industry to highlight its organic growing processes. Below is an excerpt from an October 19th press release:
“As highlighted by the recent lawsuits filed against a marijuana company operating in Colorado, the use of pesticides within the medical marijuana industry could potentially pose serious health concerns for patients.”
And that,
“OrganiGram has chosen to grow our products with Organic methods and thus produces the highest quality product available, without the use of harmful chemical pesticides. As such, the Company remains a proud holder of the ECOCERT Canada Certification, which validates the organic process under which OrganiGram produces medical marijuana.”
Click here to read the entire press release.
OrganiGram Holdings was among the most liquid stocks on the TSX Venture today. With the Liberals having made recent promises to legalize recreational marijuana, interest remains high in Canada’s top marijuana stocks.
This article represents solely the opinions of Alexander Smith. Alexander Smith is not an investment advisor and any reference to specific securities in the list referred to in the article does not constitute a recommendation thereof. Readers are encouraged to consult their investment advisors prior to making any investment decisions. The information in this article is of an impersonal nature and should not be construed as individualized advice or investment recommendations.
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