$OGGFF Here's one way to look at it: at less than 1M market cap the risk reward is interesting. Either it flops (which they have physical stores/products/assets) or they grow and work towards a buyout which at 10M is 10x return. Could be dead money, could be 10x or much higher. Truly boom or bust.
$OGGFF Still adding, the way I see it they are still growing with FoC on their way to 500 doors with 8-10 SKUs with more news due Q2 according to their update. Also even if the market gets worse people still need to eat. Point being there is inherent value here with 4 stores and a visibly growing CPG brand getting their foot in several big doors. Definitely a long term hold. Looking forward to next updates.
$OGGFF I saw on their instagram that FOC is now in Longo's. I wonder if that is the large Canadian food chain that they referred to in their last news release
$OGGFF Glad to see the update it backs up the research I completed. They didn't address how the 3M debt is being handled. Hopefully I'll kick myself for not adding more for dirt cheap but without concrete info there is still a chunk of additional risk
$OGGFF [15s. delayed]: Issued Press Release on January 20, 16:42:00: Oragin Provides Corporate Update Including Cease Trade Order https://s.flashalert.me/0UMoJ
$OGGFF Oragin Provides Corporate Update Including Cease Trade Order
https://www.stocktitan.net/news/OGGFF/oragin-provides-corporate-update-including-cease-trade-o887iodfrt4q.html
$OGGFF Confirmed they have a Canada distributor. They also full launched their ecommerce for Canada as well. No idea about co-packer or additional SKUs but I at least see growth there even though I wish it was quicker. If they can keep continuing to expand it should alleviate the financials but we will see how everything plays out. Quarterly report end of year with a subsequent MD&A will be very interesting to read.
