Top 5 Marijuana Stocks to Invest In Right Now

3. OrganiGram Holdings, Inc. (NASDAQ:OGI)

Stock Price as of April 22, 2022: $1.91

OrganiGram Holdings, Inc. (NASDAQ:OGI) provides medical cannabis to civilians and veterans, including cannabis flowers, oils, and vaporizers; adult-use recreational cannabis; and cannabis edibles.

OrganiGram Holdings, Inc. (NASDAQ:OGI) generated $3.4 million in its international revenue in its first quarter of the fiscal year 2022 after having no global sales in the fourth quarter of the fiscal year 2021.

OrganiGram Holdings, Inc. (NASDAQ:OGI) also saw a rise of 265% in edible sales to $1.9 million, a 13% increase in vape sales to $1.1 million, a 2% increase in flower sales to $21.3 million, and a 5% increase in medical sales to $2.1 million.

Analyst Matt Bottomley of Canaccord Genuity raised OrganiGram Holdings, Inc. (NASDAQ:OGI) to ‘Speculative Buy’ from ‘Hold’, with a price objective of C$3.25, up from C$3.00. Bottomley said that the company’s first-quarter financial performance constituted a second straight quarter of higher-than-expected revenues and adjusted EBITDA.