Organigram Global Inc. (OGI) Expands Into U.S. THC Beverage Market Across 25 States
Organigram Global Inc. (NASDAQ:OGI), a leading Canadian cannabis producer, is accelerating its international expansion with a strong push into the U.S. hemp-derived THC beverage market. Known for brands like Edison, SHRED, and Monjour, the company has launched a direct-to-consumer e-commerce platform for its Collective Project beverage line, now available in 25 U.S. states. This move marks a major step as the company taps into a market projected to grow from over $1 billion today to $4 billion by 2028.
The platform features a range of innovative products, including 'Spark Juices,' sparkling lemonades with varying THC levels and formats. A second phase rollout will introduce 'Fetch,' a line of hemp-derived sodas expected later in summer 2025. These offerings target consumers seeking alcohol alternatives and represent a major shift in Organigram's brand strategy. As the company gains U.S. market traction, it is increasingly showing up on investor radars as one of the cheap pot stocks to buy.
CEO Beena Goldenberg emphasized that while the company has built a strong brand presence in Canada, its future growth is tied to international markets. Organigram Global Inc. (NASDAQ:OGI) reported a 177% year-over-year surge in international revenue, fueled by rising sales in Germany and the U.K. Partnerships, such as the one with Sanity Group in Germany, are helping the company secure long-term supply chains and deepen European market access.
A lab technician meticulously measuring and mixing ingredients to create a cannabis-infused edible.
Organigram Global Inc. (NASDAQ:OGI) also continues to innovate in product development, including advances in fast-acting nano-emulsion technology to deliver a quicker, more consistent experience with cannabis beverages. With ongoing expansion efforts and new product lines, the business is targeting a half-billion-dollar annual revenue run rate, positioning itself as a major player in the evolving global cannabis market.
While we acknowledge the potential of OGI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money.
Disclosure: None.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Entrepreneur
3 minutes ago
- Entrepreneur
Goldman Sachs Data Shows AI's Unemployment Impact
AI has led to an increase in unemployment for 20- to 30-year-old tech workers, according to Goldman Sachs. AI is eliminating jobs in the U.S., especially for young tech workers just starting in their careers. In a Monday Goldman Sachs note, obtained by Business Insider, the investment firm wrote that since ChatGPT was introduced in November 2022, the tech sector's share of U.S. employment, which had just hit its highest point, has been declining. Unemployment is especially high for 20- to 30-year-olds aiming to work in the tech sector, the report found. Since the start of 2024, the unemployment rate for that group has risen by nearly 3%, more than four times greater than the overall rate. Goldman Sachs says that the increase is an indicator that AI is starting to take over white-collar work, starting at the entry level. Related: Here Are the Odds of Landing a Summer Internship at Goldman Sachs or JPMorgan The bank's Chief Economist, Jan Hatzius, estimated in the note that AI will replace 6% to 7% of all U.S. workers within the next decade. However, he predicted that the unemployment rate would only grow by a "manageable" 0.5% due to AI, because affected workers would shift to other industries. AI isn't just increasing unemployment by taking over entry-level tech jobs — it is also causing mass layoffs. According to a Tuesday report shared by the coaching company Challenger, Gray & Christmas with CBS, AI has directly caused more than 27,000 job cuts in the private sector since 2023. "The industry is being reshaped by the advancement of artificial intelligence," Challenger, Gray & Christmas told CBS. Related: Is AI the Reason for Your Layoff? New York Becomes the First State to Require Companies to Disclose If So. Tech leaders are also sounding the alarm on the technology's ability to replace jobs. Dario Amodei, the 42-year-old CEO of AI startup Anthropic, predicted in May that AI could eliminate half of all entry-level, white-collar work and result in unemployment rising to as much as 20%. AI will affect white-collar industries like technology, law, and finance, Amodei said. Nobel Prize winner Geoffrey Hinton, 78, had a similar prediction. Hinton, who is often called the Godfather of AI because of his pioneering work on neural networks, forecast in June that "AI is just going to replace everybody" in white-collar jobs. "I think for mundane intellectual labor, AI is just going to replace everybody," Hinton said at the time. Join top CEOs, founders and operators at the Level Up conference to unlock strategies for scaling your business, boosting revenue and building sustainable success.
Bloomberg
4 minutes ago
- Bloomberg
Bunge Sells Another Argentine Soybean Meal Cargo to China
Crop trader Bunge Global SA has sold another cargo of Argentine soybean meal to China as the Asian nation seeks to diversify supplies of the key animal feed ingredient due to a trade war with the US, according to people familiar with the matter. The sale comes after Bunge recently chartered the first shipment to China. The newly sold cargo is expected to be shipped in September, said the people, who asked not to be named because the deal is private.
Bloomberg
4 minutes ago
- Bloomberg
Tesla Sales Fall in Europe as China's BYD Gains Ground
Tesla continues to post steep sales declines in some of Europe's biggest electric vehicle markets as Chinese rival BYD sees sales pick up in the region. Bloomberg's Stefan Nicola explains what this means for the Elon Musk-led company on 'Bloomberg Tech.' (Source: Bloomberg)
