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How to Buy Organigram Stock [2024] | Step-by-Step

How to Buy Organigram Stock [2024] | Step-by-Step
Bogdan Stojkov

Summary: Organigram (NASDAQ: OGI) is a publicly-traded company that operates in the cannabis industry. The most convenient way to invest in Organigram stock is through a reputable brokerage platform, such as eToro.

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  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

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2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

About Organigram

Organigram homepage. Source: organigram.ca

Organigram Holdings Inc. is a Canadian company that operates in the cannabis industry. Established in 2013 and headquartered in Moncton, New Brunswick, the company is known for producing high-quality medical and recreational cannabis products. The company focuses on sustainable cultivation practices and innovative product development.

Organigram IPO

An initial public offering (IPO) is the first time a company’s shares are offered to the public for purchase on a stock exchange.

Organigram Holdings Inc. went public through an IPO in 2014. Investors who participated in the IPO had the chance to buy the company’s shares at the initial offering price. Since then, the stock has been traded on the TSX and NASDAQ stock market, with its price fluctuating based on market demand and various factors affecting the cannabis industry.

How to buy Organigram stock: Step-by-step

If you’re looking to invest in Organigram stock, feel free to go through the following steps:

Step 1: Choose the right broker

Firstly, to buy Organigram stock, you’ll need to open a brokerage account. For those unaware, a brokerage account is an online platform that facilitates the buying and selling of stocks. That said, our go-to brokerage in this case is eToro—a widely popular platform with a myriad of useful features, such as:

  • Commission-free stock trading;
  • Access to over 2,000 stocks from 17 different exchanges;
  • The option to purchase fractional shares;
  • Charting tools;
  • A user-friendly platform that simplifies the trading experience.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

When choosing a broker, you should consider the following factors:

  • Fees and commissions;
  • User-friendly interface;
  • Research tools;
  • Security.

For more investment opportunities in the medical industry, you can explore the following guides:

Step 2: Fund your newly-made account

Once you’ve selected a broker, you’ll need to fund your brokerage account. This involves transferring money from your bank account to your brokerage account. To do so, you can follow these general steps:

  • Link your bank account: Most brokers allow you to link your bank account for easy transfers. So, provide the required information to establish this link;
  • Transfer funds: Initiate a transfer from your bank account to your brokerage account. This can often be done through electronic funds transfer (EFT) or other methods supported by your chosen broker;
  • Verify the transfer: Confirm that the funds have been successfully transferred to your brokerage account.

Step 3: Place your order

With your brokerage account funded, you’ll be ready to place an order for Organigram stock. Here’s how you can do it:

  • Log In to your brokerage account: Access your brokerage account using your login credentials;
  • Search for Organigram stock: Use the search function on the platform to find Organigram stock. The stock is listed under its ticker symbol, which is OGI;
  • Select the number of shares: Determine the number of Organigram shares you want to buy. You’ll need to enter this information when placing your order;
  • Choose the order type: There are various order types, such as market orders and limit orders. A market order will execute at the current market price, while a limit order allows you to set a specific price at which you want the trade to be executed;
  • Review and confirm: Double-check your order details, including the number of shares and order type. Once you’re satisfied, confirm the order.

Organigram stock price today

Pros and cons of investing in Organigram

Before investing in any stock, it’s crucial to consider the potential advantages and drawbacks. As such, here are some pros and cons specific to investing in Organigram stock:

Pros

Pros

  • Growth potential: Organigram operates in the rapidly expanding cannabis industry, providing growth opportunities;
  • Innovation: The company is famous for its focus on innovation and product development, which could contribute to its competitive edge;
  • Quality products: Organigram is recognized for producing high-quality cannabis products, appealing to both medical and recreational consumers.
Cons

Cons

  • Regulatory risks: The cannabis industry is subject to changing regulations, which could impact Organigram’s operations;
  • Market volatility: Like any stock, Organigram’s share price can experience volatility, posing risks to investors;
  • Industry challenges: The cannabis industry faces challenges, including oversupply issues and competition, which may affect Organigram’s performance.

If you’re looking to start investing in the marijuana industry, take a look at some of the best cannabis stocks out there:

What to avoid when investing in stocks

To make the most of your investment journey, it’s essential to avoid common mistakes. Hence, here are some things to steer clear of when buying stocks:

  • Impulsive decisions: Avoid making impulsive investment decisions. Instead, take the time to research and understand the company you’re investing in;
  • Ignoring risk factors: Every investment carries risks. So, be aware of potential risks and consider them in your decision-making process;
  • Overlooking fees: Pay attention to brokerage fees and commissions, as these can impact your overall returns;
  • Chasing performance: Don’t solely base your investment decisions on past performance. The thing is—market conditions can change, and historical performance may not be indicative of future results.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about how to buy Organigram stock

Can I buy Organigram stock directly from the company?

No, individual investors typically buy and sell stocks through brokerage accounts. You can, therefore, choose a reputable online broker like eToro to purchase Organigram stock.

What is Organigram's stock symbol?

Organigram’s stock symbol is OGI, under which it trades on the NASDAQ and TSX stock exchanges. You can use this symbol to find and track the company’s stock on your chosen brokerage platform.

Are there any restrictions on buying Organigram stock?

In general, there are no specific restrictions on buying Organigram stock. However, it’s essential to comply with your broker’s requirements and ensure that you meet any legal and regulatory obligations.

Highly Rated Stock Trading & Investing Platform

  • Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

  • 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10.

  • Copy top-performing traders in real time, automatically.

  • Regulated by financial authorities including FCA and FINRA.

2.8 Million Users
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. eToro USA LLC does not offer CFDs, only real Crypto assets available. Don’t invest unless you’re prepared to lose all the money you invest.

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