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EXCLUSIVE: Tobacco Sector Looks To Cannabis For Growth: 'Investments Are Meant For A Very Specific Reason'
Monday, June 9, 2025 - 12:56pm | 798Large global tobacco companies are investing in and partnering with cannabis companies with eyes set on future growth for the sector. Industry experts shared the reasons why the cannabis sector is attractive to tobacco companies during the 2025 Benzinga Cannabis Capital Conference in Chicago....
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Organigram CEO To Retire After Building Canada's Largest Cannabis Brand: Here's What's Next
Tuesday, May 27, 2025 - 2:28pm | 527Organigram Global Inc. (NASDAQ:OGI) (TSX:OGI), Canada’s leading cannabis company by market share, has announced that CEO Beena Goldenberg will retire at the end of the company's fiscal year, September 30, 2025. Goldenberg, who joined Organigram as CEO in September 2021, will remain in her...
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Organigram Wants To Become Canada's Largest Cannabis Company By Market Share Via $71M Acquisition Deal
Friday, December 6, 2024 - 5:24pm | 546Organigram Holdings Inc. (NASDAQ:OGI) (TSX:OGI) announced the acquisition of 100% of Motif Labs Ltd. for CA$90 million ($64 million), comprising of CA$50 million in cash and CA$40 million in Organigram common shares, based on a 30-day trading VWAP of $2.321 on the TSX. An additional CA$10 million...
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How Germany's Cannabis Market Is Dominating Europe And Unlocking New Profit Opportunities
Monday, October 14, 2024 - 11:26am | 900In a global cannabis market brimming with potential, where should businesses focus their attention? Experts from the Benzinga Cannabis Capital Conference examined the profitability and growth prospects across Europe, Australia, Southeast Asia, and Canada, with Germany standing out as the market...
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Organigram Reports 25% YoY Increase In Q3 Net Revenue, Significant Improvement In Adjusted EBITDA
Tuesday, August 13, 2024 - 8:51am | 707Cannabis producer Organigram Holdings Inc. (NASDAQ:OGI) (TSX:OGI) announced its financial results on Tuesday for the third quarter ended June 30, 2024, revealing net revenue increased 25% year-over-year to CA$41.1 million ($29.9 million). Beena Goldenberg, the company's CEO, praised the revenue...
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Organigram Supports Cannabis In Germany With $15M Initial Investment In This Berlin Marijuana Co.
Tuesday, June 25, 2024 - 11:39am | 733Organigram Holdings Inc. (NASDAQ:OGI) (TSX:OGI) announced on Tuesday a strategic investment aimed at expanding its presence within the burgeoning European cannabis market. What Happened The Toronto-based company will utilize proceeds from its Jupiter strategic investment pool and invest €14 million...
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Organigram Reports 262% Higher Quarterly Net Loss YoY, Makes Progress In International Markets
Tuesday, May 14, 2024 - 7:12am | 589Canadian cannabis company Organigram Holdings Inc.(NASDAQ:OGI) (TSX:OGI) reported its financial results Tuesday for the second quarter that ended March 31, 2024, revealing net revenue of CA$37.63 million ($27.53 million), compared to CA$39.5 million in the same period of last year. "We are pleased...
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No Cannabis Tax Relief In Canada, Tilray CEO Says This 'Hinders Our Ability To Compete With The Illicit Market'
Wednesday, April 17, 2024 - 9:11am | 737The Canadian government unveiled its 2024 budget on Tuesday and there was no excise tax relief for cannabis companies the industry was hoping for. In February, the House of Commons Standing Committee on Finance recommended limiting the excise tax rate to 10%, igniting optimism across the cannabis...
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Organigram Reports 16% YoY Revenue Drop But Kicks Off Year 'With A Bang,' Says CEO On Hundreds Of Millions In Tobacco Giant BAT Investment
Tuesday, February 13, 2024 - 11:45am | 481Cannabis producer Organigram Holdings Inc. (NASDAQ:OGI) (TSX:OGI) announced its first quarter financial results on Tuesday for the three months ended Dec. 31, 2023. The Toronto-based company reported a 16% year-over-year decrease in net revenue to CA$36.5 million ($27.1 million), attributing it to...
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Organic Growth And Innovation Drive YoY Increase In Cannabis Producer Organigram's Q4 Revenue And Adjusted EBITDA
Tuesday, December 19, 2023 - 12:41pm | 689Organigram Holdings Inc. (NASDAQ:OGI) (TSX:OGI) reported on Tuesday its fourth quarter financial results for the three months ended Sept. 30., revealing an 11% year-over-year increase in net revenue to CA$161.6 million ($120.7 million). Moreover, the Canadian producer reported a 71% increase in...
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$69B Tobacco Giant Supports Cannabis With $91M Investment In Toronto Weed Producer
Monday, November 6, 2023 - 9:35am | 942Canadian cannabis company Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) announced on Monday a CA$124.6 million ($91.2 million) follow-on strategic equity investment from BT DE Investments Inc., a wholly-owned subsidiary of tobacco giant British American Tobacco p.l.c (BAT) (LSE: BATS) (NYSE:...
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Organigram Makes Strides In Global Cannabis Industry With New Supply Partnership
Tuesday, August 15, 2023 - 3:08pm | 363Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) has expanded its global footprint by entering into a supply agreement to provide dried medical cannabis flower to 4C LABS, a healthcare, technology, and pharmaceutical company focused on virtual prescribing, pharmaceutical distribution, and clinical...
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Organigram To Enter German Cannabis Market Via Sanity Group
Tuesday, May 23, 2023 - 10:38am | 334Organigram Holdings Inc. (NASDAQ: OGI) (TSX:OGI) has entered into a supply agreement for dried flower with the medical division of German cannabis company Sanity Group. Through exports from its cultivation facility in Moncton, Organigram already services medical patients in Israel and Australia,...
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Organigram Shares Trading Lower On Q2 FY23 Revenue Growth Of 24% YoY
Wednesday, April 12, 2023 - 7:53am | 461Organigram Holdings Inc. (NASDAQ: OGI) (TSX:OGI) net revenue in Q2 fiscal 2023 increased 24% to CA$39.5 million ($29.3 million), from CA$31.8 million in Q2 fiscal 2022. The increase was primarily due to an increase in international revenue, partly offset by a decrease in medical sales. Q2 FY 2023...
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Organigram Accelerates Focus On Vapes With Strategic Investment In Greentank
Friday, March 31, 2023 - 8:39am | 450Organigram Holdings Inc. (NASDAQ: OGI) (TSX:OGI) has entered into a product purchase agreement with Green Tank Technologies Corp. and a subscription agreement with Greentank’s parent company, Weekend Holdings Corp. The purchase agreement provides Organigram with an exclusivity period in...