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Fly News Breaks for September 5, 2019
OGI
Sep 5, 2019 | 08:12 EDT
As previously reported, Oppenheimer analyst Rupesh Parikh started coverage of Organigram with a Perform rating. The analyst says that early success in the Canadian market, coupled with above-peer financial delivery, gives him confidence in the company's ability to further ramp from here. However, Parikh sees a muted outlook for the shares near-term given ongoing industry headwinds, elevated Street forecasts, and increased risks associated with the advanced products launch, especially with recent adverse press on vaping.
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