Organigram Global Inc. reports developments tied to its Canadian cannabis cultivation, processing, branded adult-use products and cannabinoid beverage business. The company operates through subsidiaries including Organigram Inc., a licensed cultivator and processor, and participates in U.S. and Canadian cannabinoid beverages through Collective Project Limited.
Recurring news themes for OGI include operating and financial results, cannabis product launches, brand extensions, international partnership activity, and regulatory matters under Health Canada’s Cannabis Act and Cannabis Regulations. Company updates also cover brands such as Edison, Big Bag O’ Buds, SHRED, Monjour, Tremblant, Collective Project, Trailblazer, BOXHOT and DEBUNK; the FAST nanoemulsion technology platform; and production, edibles, extraction, packaging and fulfillment facilities in Canada.
Organigram Holdings Inc (NASDAQ: OGI) (TSX: OGI) has announced its rebranding to Organigram Global Inc, marking its evolution from a regional medical cannabis company to a global cannabis leader. The company, which has achieved the #1 market share position in Canada, unveiled a new visual identity including a new logo and website.
The expansion strategy includes a strategic investment in German cannabis leader Sanity Group, which holds 7% market share and distributes to over 2,000 pharmacies. The company is pursuing EU-GMP certification to scale exports and expects higher margins from international sales. Organigram currently exports to Australia, Germany, and the United Kingdom, with plans to increase shipments.
The company maintains two US investments: Open Book Extracts for hemp-derived products and Phylos Bioscience for cannabis genetics. Trading under the symbol 'OGI' will continue on both TSX and NASDAQ, with the name change effective March 31, 2025.
Organigram Holdings (TSX: OGI) (NASDAQ: OGI) held its annual general and special meeting on March 24, 2025, where shareholders approved key resolutions. The most significant outcome was the approval of a company name change to Organigram Global Inc., receiving 95.778% affirmative votes. The name change is pending regulatory approvals, including TSX conditional approval.
All ten board nominees listed in the February 12, 2025 management circular were elected. Following the meeting, the company announced updates to its committee compositions, with new arrangements for the Investment Committee and the Governance, Nominating and Sustainability Committee, while the Audit and Compensation Committees remained unchanged.
Shareholders also approved the appointment of PKF O'Connor Davies LLP as the company's auditor with 95.148% of votes in favor, authorizing directors to determine their remuneration.
Organigram Holdings (NASDAQ: OGI) has completed the third and final tranche of its previously announced C$124.56 million strategic equity investment from BAT subsidiary BT DE Investments Inc. The third tranche consisted of 7,562,447 common shares and 5,330,728 Class A preferred shares at C$3.2203 per share, generating gross proceeds of USD$28.96 million.
Following this closing, BAT's subsidiary now owns 30% of Organigram's outstanding common shares and 100% of preferred shares. The investment proceeds will primarily fund the Jupiter Pool, a strategic investment initiative designed to accelerate Organigram's international growth. Currently, approximately C$57.8 million remains available in the Jupiter Pool after previous investments of C$21 million in Sanity Group and C$2.7 million in Open Book Extracts.
Organigram Holdings reported Q1 Fiscal 2025 results with 17% growth in net revenue to $42.7 million year-over-year. The company achieved Adjusted EBITDA of $1.4 million, up from $0.1 million in the prior year period. Key highlights include a $2.3 million increase in international sales, completion of Motif acquisition to become Canada's recreational cannabis market leader, and a strong pro-forma cash position of $113 million with negligible debt.
The company maintains leading market positions in Canada, ranking #1 in vapes, pre-rolls, milled flower, hash, and pure CBD gummies. Adjusted gross margin increased to 33% from 31% year-over-year. The integration of Motif is expected to deliver over $10 million in annual run-rate synergies within 24 months. The company's flagship brands SHRED and BOXHOT reached over $385 million in retail sales over the last 12 months.
Organigram Holdings (NASDAQ: OGI) (TSX: OGI) has announced it will release its first quarter fiscal 2025 financial results on February 11, 2025, before the market opens. The company will host a conference call at 8:00 am Eastern Time on the same day to discuss the results.
Interested participants can register for the conference call through a provided link, with registration recommended at least 10 minutes before the call starts. A webcast option is also available, and a replay will be accessible on Organigram's investor relations website for 90 days following the call.
Organigram Holdings Inc. (NASDAQ: OGI) reported its Q4 and fiscal 2024 results, showing significant growth and operational improvements. The company achieved fiscal 2024 net revenue of $159.8 million, with Q4 net revenue increasing 22% year-over-year to $44.7 million. Q4 adjusted EBITDA reached $5.9 million, up from $0.1 million in the comparative period.
Key highlights include a 17.6% year-over-year growth in recreational shipped sales, 37% adjusted gross margin in Q4, and $8.9 million in Q4 cash flow from operations. The company became Canada's largest cannabis company by market share following the Motif Labs acquisition. Organigram secured significant funding from BAT, including two tranches of a $124.6 million investment, with the final $41.5 million expected in February 2025.
Organigram Holdings (NASDAQ: OGI) (TSX: OGI), a leading licensed cannabis producer, has announced it will release its fourth quarter and fiscal 2024 financial results on December 18, 2024, before market open. The company will host a conference call at 8:00 am Eastern Time on the same day to discuss the results. Interested participants must register in advance to join the call, and a webcast replay will be available within 24 hours after the call's conclusion, remaining accessible for 90 days on the company's investor relations website.
Organigram Holdings has acquired Motif Labs for $90 million upfront ($50M cash, $40M in shares), plus potential $10M in contingent shares. This acquisition makes Organigram Canada's largest cannabis company by market share (12.4%). Key highlights:
- Creates #1 position in vapes (21.7% market share) and strengthens infused pre-roll segment
- Motif generated ~$86M LTM net revenue and $4.7M adjusted EBITDA
- Expected cost synergies exceed $10M over 24 months
- Adds strategic facilities in Aylmer and London, Ontario
- Combines strong brands including Organigram's 'SHRED' and Motif's 'BOXHOT'
Organigram Holdings (NASDAQ: OGI) has launched Edison Sonics gummies, featuring their innovative FAST™ (Fast Acting Soluble Technology) nanoemulsion technology. The product delivers up to ~50% faster onset and nearly double the cannabinoids at peak effect compared to traditional edibles, as verified through pharmacokinetic studies completed in January 2024.
The gummies will be available in two flavors: Kiwi Berry Burst (Sativa) and Red Razz Chiller (Indica), each pack containing two gummies with 5mg THC + 5mg CBD per gummy. The product will be available in major provinces starting early December.
Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI) has closed the second tranche of a C$124,559,674 strategic equity investment by BAT subsidiary BT DE Investments Inc. The investor acquired 4,429,740 common shares and 8,463,435 Class A preferred shares at C$3.2203 per share, for gross proceeds of USD$30,821,684.69. This follows the first tranche closing on January 23, 2024. The investment funds the 'Jupiter' strategic investment pool, which has already made two investments: USD $2 million in Open Book Extracts and €14 million in Sanity Group GmbH. The final tranche is expected around February 28, 2025. Post-closing, the investor owns 30% of common shares and 100% of preferred shares, maintaining the 30% ownership threshold.