Organigram Global Inc (NASDAQ: OGI) shares are trading sharply higher Monday afternoon, joining a rally across the cannabis sector.
The surge follows a social media post from President Donald Trump over the weekend, in which he promoted the potential health benefits of cannabis and signaled a potential shift in federal drug policy. This news has renewed optimism for the cannabis industry.
OGI shares are testing new highs. See the full story here.
What Else: OrganiGram, a major Canadian cannabis producer, could be well-positioned to benefit from any positive regulatory changes. The company has a diverse portfolio of recreational cannabis brands, including SHRED, Edison Cannabis Co. and Trailblazer.
The Toronto-based company also has a growing international presence and recently expanded its e-commerce platform for its hemp-derived THC beverages into 25 U.S. states. This broader market access could be a significant growth driver for the company.
OGI Price Action: Organigram Global shares were up 15.09% at $1.94 at the time of publication on Monday, according to Benzinga Pro.
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How To Buy OGI Stock
By now, you’re likely curious about how to participate in the market for Organigram — be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of Organigram, which is trading at $1.95 as of publishing time, $100 would buy you 51.28 shares of stock.
If you’re looking to bet against a company, the process is more complex. You’ll need access to an options trading platform or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option or sell a call option at a strike price above where shares are currently trading — either way it allows you to profit from the share price decline.
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