10 Best Pot Stocks To Invest In According to Analysts

8. OrganiGram (NASDAQ:OGI)

Share Price (As of December 23): $1.56

Analyst Upside: 65.54%

OrganiGram (NASDAQ:OGI) is a diversified cannabis firm with operations in healthcare, adult recreation, and edibles, among others. The company has a global footprint and a major presence in Canada. The company has a portfolio of legal adult-use recreational cannabis brands, including Edison, Holy Mountain, Big Bag O’ Buds, SHRED, SHRED’ems, Monjour, Laurentian, Tremblant Cannabis, and Trailblazer. The company also specializes in vape and infused pre-roll categories through the BOXHOT brand. OGI is the third largest cannabis brand in Canada with a market share of 7.3%, as of September 2024.

Fiscal 2024 was a transformative year for OrganiGram (NASDAQ:OGI) as the cannabis firm made strategic investments and obtained investments as well. OrganiGram expanded its international position with a $21 million investment in Sanity Group, a leading German cannabis company. Considering the rising competition in the global market, the company also completed several new supply agreements to provide products to patients in Australia and the UK. In addition to that, the company secured a strategic investment of $124.6 million from British American Tobacco p.l.c., reflecting confidence in OGI’s operational strength.

Despite a net loss of $5.4 million in Q4 FY24, OrganiGram (NASDAQ:OGI) delivered a 55% growth in full-year adjusted EBITDA from the previous year. The company’s investments in the international market will further strengthen its revenue stream heading into fiscal year 2025. In addition to the company’s global investments, the acquisition of Motif Labs positions OrganiGram as a leader in licensed producers in Canada, enhancing its market presence. Furthermore, the company has successfully implemented cost savings and saved around $9.1 million in FY24, adding further to its operational efficiency.