Why OrganiGram Holdings Stock Jumped Today

·2-min read
Why OrganiGram Holdings Stock Jumped Today

The only company-specific news around OrganiGram came earlier this week when the company surprised investors with news that CEO Greg Engel will be leaving that role immediately and that his interim replacement is the board's chairman, Peter Amirault. Jefferies analyst Owen Bennett upgraded fellow Canadian cannabis company Tilray (NASDAQ: TLRY) today with a double bump up to a buy rating. Bennett assigned Tilray a price target representing more than 60% upside in the name.