-
Organigram Shares Jump On Q1 2023 Record Harvest And Adjusted Gross Margin
Thursday, January 12, 2023 - 9:20am | 565Organigram Holdings Inc. (NASDAQ: OGI) (TSX:OGI), released its results for the first quarter ended November 30, 2022., revealing net revenue of CA$43.3 million, ($32.3 million) a 43% increase compared to CA$30.4 million in the Q1 fiscal 2022. Q1 2023 Financial Highlights Gross margin was CA$23.9...
-
Why You Should Consider Investing In This Marijuana Stock: One Of Canada's Best Operators, Says Analyst
Wednesday, November 30, 2022 - 2:14pm | 448OrganiGram Holdings Inc. (NASDAQ: OGI) recently reported that its net revenue in the 2022 fiscal year increased 84% to CS$145.8 million ($107.9 million) from CA$79.2 million in the previous year primarily due to an increase in recreational and international revenue, partially offset by a decrease...
-
Organigram Q4 Revenue Grows 83% YoY, Provides Outlook
Tuesday, November 29, 2022 - 8:49am | 815Organigram Holdings Inc. (NASDAQ: OGI) (TSX:OGI) released its results for the fourth quarter and year ended August 31, 2022, revealing net revenue in FY 2022 increased 84% to $145.8 million from $79.2 million in the previous year primarily due to an increase in recreational and international...
-
Organigram To Supply Israeli Cannabis Co. InterCure With Up To 20,000 Kg Of Dried Flower
Thursday, November 17, 2022 - 9:53am | 417Organigram Holdings Inc. (NASDAQ: OGI) (TSX:OGI) and Canndoc Ltd., a subsidiary of InterCure Ltd. (NASDAQ: INCR) (TSX:INCR.U) (TASE:INCR) have entered into a new multi-year agreement for Organigram to continue supply of dried flower to InterCure. Organigram and InterCure entered into a previous...
-
Organigram Revenue Grows 88% YoY, Provides Outlook
Thursday, July 14, 2022 - 8:05am | 570Organigram Holdings Inc. (NASDAQ: OGI) (TSX:OGI) released results for the third quarter ended May 31, 2022, revealing net revenue increased 88% to $38.1 million, from $20.3 million in Q3 Fiscal 2021. Q3 Fiscal 2022 Financial Highlights Q3 Fiscal 2022 cost of sales increased to $29.4 million,...
-
Cannabis & Burdensome Excise Tax: Canadian Operators Urge Changes As Pot Prices Drop
Monday, June 13, 2022 - 8:34am | 612Canadian cannabis operators are urging lawmakers to amend current excise taxes as weed prices drop. With the decline of marijuana prices, the flat-fee tax structure is disadvantageous, to say the least, reported The Globe and Mail. According to marijuana business leaders,...
-
Organigram Q2 Fiscal 2022 Revenue Grows 117% YoY Primaraly Because Of This
Friday, May 13, 2022 - 8:17am | 562Organigram Holdings Inc. (NASDAQ: OGI) (TSX:OGI), the parent company of Organigram Inc., released its results for the second quarter ended February 28, 2022. Key Financial Results for the Q2 Fiscal 2022 Compared to the prior year, net revenue increased 117% to CA$31.8 million ($24.45 million),...
-
Why Organigram Shares Are Trading Higher Today? Posts Record High Net Revenue In Q2, Still Among Top Canadian LPs
Tuesday, April 12, 2022 - 7:31am | 769Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of the cannabis company Organigram Inc, announced its results for the second quarter ended February 28, 2022. Q2 2022 Financial Highlights Achieved gross revenue of $43.9 million, up 128% from the same prior-year period and...
-
Organigram Joins The Pledge 1% Movement To Help Local Volunteer Programs
Thursday, March 17, 2022 - 4:18pm | 381Organigram Holdings Inc. (NASDAQ: OGI) (TSX:OGI) launched its social impact strategy ‘Organigram Operating for Good’ with the purpose of ‘Building healthy communities where we live and work.’ As part of this strategy the company has committed to giving back by joining the...
-
Organigram Gets Additional CA$6.3M Investment From BAT, Which Raises Its Stake In The Company To 19.5%
Tuesday, March 1, 2022 - 12:28pm | 386BAT Exercises Top-Up Rights to Invest $6.3 Million Resulting in an Increase in Equity Position from 18.8% to 19.5% Organigram Holdings Inc. (TSX:OGI) (NASDAQ: OGI) revealed Tuesday that BAT has invested an additional CA$6.3 million ($4.97 million) into Organigram to enhance its equity ownership...
-
Organigram Reports Highest Quarterly Net Revenue Ever In Q1, Remains Among Top Canadian Cannabis LPs
Friday, February 11, 2022 - 10:51am | 557Cannabis company Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) announced its results for the first quarter ended November 30, 2021. “Our record-breaking results in the first quarter of fiscal 2022 are a testament to our successful strategy to create innovative, high-quality products that...
-
Benzinga Interview: Organigram CEO Beena Goldenberg Discusses Company Performance And Canadian Cannabis Market
Friday, February 11, 2022 - 9:36am | 802OrganiGram Holdings Inc (NASDAQ: OGI) (TSE: OGI) CEO Beena Goldenberg recently spoke with Benzinga to discuss the company's ongoing growth and Q2 success. Crediting the team for persevering during the pandemic, the CEO said Organigram is focusing on utilizing its recent success to further...
-
Organigram Invests Additional $2.5M In CBD Biotech Co Hyasynth, Wraps Up $10M Debenture Purchase Deal
Wednesday, December 22, 2021 - 1:37pm | 527Organigram Holdings Inc. (NASDAQ: OGI) (TSX:OGI) has acquired an additional $2.5 million of secured convertible debentures in Hyasynth Biologicals Inc. The move follows the second $2.5 million tranches of financing under the $10 million debenture purchase deal between Organigram Inc. – a...
-
Organigram Q4 Revenue Grows 22% YoY To $24.9M, Remains #4 Cannabis LP In Canada
Tuesday, November 23, 2021 - 9:46am | 542Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) released its results Tuesday for the fourth fiscal quarter ended August 31, 2021, reporting net revenue of $24.9 million, up by 22% from $20.04 million in the same quarter of fiscal 2020. The Moncton, New Brunswick-based cannabis...
-
Organigram Launches New CBD Wellness Brand: Vegan-Friendly & Sugar-Free Soft Chews
Thursday, November 18, 2021 - 10:42am | 406Organigram Holdings Inc. (TSX: OGI) (NASDAQ: OGI), the parent company of Canadian cannabis producer Organigram Inc. is launching a new wellness brand - Monjour, which is offering high-quality, CBD-forward products. The new brand offers both vegan-...