Why OrganiGram Holdings Stock Crushed the Market Today
Marijuana stock OrganiGram Holdings (NASDAQ: OGI) was a winner on Monday, closing 6.6% higher. This wasn't because of any development with the company itself; rather, it seemed to be based on encouraging legal news for a big partner.
That partner is British American Tobacco (NYSE: BTI), which earlier on Monday won an early victory in a patent infringement lawsuit against much larger peer Philip Morris International. A judge at the influential International Trade Commission (ITC) made an initial determination that Philip Morris' IQOS tobacco device infringed on British American Tobacco patents for its competing Glo device.
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Source Fool.com
