Organigram to Commence NASDAQ Trading on May 21st

By May 20, 2019 No Comments

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The Cannin Team has been advocating for the investment in this stock for quite some time now and we believe it is still a solid buy and hold. Now, Organigram Holdings Inc. (OTCQX: OGRMF) just announced the date that the company will commence trading its common shares on the Nasdaq Global Select Market (NASDAQ).

Common shares of Organigram will be available for investors on May 21st under the stock ticker symbol of “OGI”. The common shares of Organigram will continue to trade on the Toronto Venture Exchange (TSXV) under “OGI”. The company’s common shares that trade on the OTCQX market with the stock symbol of “OGRMF” will end after market close on May 20th.

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Along with the NASDAQ uplisting, all Organigram common shares that are held by U.S. shareholders will receive DWAC or FAST eligibility. This transfer system is managed by The Depository Trust Company (DTC). DWAC, which stands for Deposit/Withdrawal At Custodian, allows for common shareholders to transfer their paper shares or new shares between brokers, dealers, custodial banks, and DTC system participants.

Greg Engel, Chief Executive Officer of Organigram, stated: “We are pleased to celebrate this significant company milestone. We are proud to have assembled a world-class team and facility that continues to deliver value to our shareholders. This listing will help us continue to demonstrate our commitment to dynamic growth.”

Will you be investing in this stock on the Nasdaq? Drop us a line and let us know why or why not.

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