OverviewSuggest Edit
Organigram is a producer of medical cannabis and cannabis-derived products. The company offers indoor-grown cannabis for patients and adult recreational consumers. Its portfolio of legal adult use recreational cannabis brands includes Edison Cannabis, ANKR Organics, and Trailblazer.
| Type | Public | |
| Founded | 2013 | |
| HQ | Moncton, CA | Map |
| Website | organigram.ca | |
| Employee Ratings | More |
Recent NewsAll News
Key People/Management at Organigram
Gregory Engel
Chief Executive Officer, Director
Amy Schwalm
Vice President, Investor Relations
Paolo de Luca
Chief Strategy Officer
Tim Emberg
Senior Vice President, Sales and Commercial Operations
Helen Martin
Senior Vice President, Strategic and Legal Affairs
Derrick West
Chief Financial Officer
Organigram Office Locations
Organigram has offices in Moncton and Toronto
Moncton, CA (HQ)
35 English Dr
Toronto, CA
Bay Adelaide Centre, 333 Bay St #1250
Organigram Financials and Metrics
Organigram Revenue
Organigram's revenue was reported to be C$80.41 m in FY, 2019 which is a 547% increase from the previous period.
| CAD | |
|---|---|
Revenue (Q1, 2020) | 25.2m |
Gross profit (Q1, 2020) | 11.2m |
Gross profit margin (Q1, 2020), % | 44.5% |
Net income (Q1, 2020) | (863.0k) |
EBIT (Q1, 2020) | 154.0k |
Market capitalization (10-Nov-2021) | 835.1m |
Closing stock price (10-Nov-2021) | 2.8 |
Cash (30-Nov-2019) | 34.0m |
EV | 885.6m |
Organigram's current market capitalization is C$835.1 m.
Annual
Quarterly
| CAD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 2.2m | (581.2k) | 1.9m | 2.7m | 3.7m | 3.7m | 12.4m | 26.9m | 24.8m | 25.2m |
Cost of goods sold | 1.5m | 3.4m | 2.7m | 1.1m | 1.4m | 1.3m | 2.9m | 19.0m | 24.9m | 14.0m |
Gross profit | 762.9k | (4.0m) | (757.4k) | 1.6m | 2.3m | 2.4m | 9.5m | 8.0m | (179.0k) | 11.2m |
Gross profit Margin, % | 34% | 684% | (40%) | 60% | 63% | 65% | 77% | 30% | (1%) | 45% |
Annual
Quarterly
| CAD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 7.6m | 1.3m | 2.7m | 7.6m | 53.7m | 31.6m | 30.2m | 12.5m | 47.2m | 34.0m |
Accounts Receivable | 514.0k | 1.1m | 541.6k | 514.0k | 995.0k | 795.0k | 11.2m | 21.7m | 14.6m | 13.5m |
Prepaid Expenses | 1.8m | 473.6k | 847.3k | 1.8m | 1.7m | 1.3m | 1.0m | 1.4m | 11.9m | 11.6m |
Inventories | 4.2m | 2.7m | 2.0m | 4.2m | 8.7m | 17.6m | 91.4m | 95.1m | 94.2m | 101.9m |
Annual
Quarterly
| CAD | Q1, 2017 | Q2, 2017 | Q3, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | (1.4m) | (6.5m) | (8.9m) | (1.4m) | (324.1k) | 2.5m | 29.5m | 23.1m | 13.0m | (863.0k) |
Depreciation and Amortization | 480.1k | 665.8k | 1.0m | 480.1k | 1.1m | 2.0m | 1.7m | 3.5m | 5.7m | 3.4m |
Inventories | (1.6m) | 1.3m | 1.9m | (1.6m) | (6.1m) | (14.9m) | (46.5m) | (50.2m) | (49.2m) | (8.8m) |
Accounts Payable | 513.5k | 2.7m | 1.5m | 513.5k | 5.5m | 2.4m | (2.9m) | (5.2m) | 3.2m | (10.9m) |
| CAD | Q1, 2017 |
|---|---|
Financial Leverage | 1.1 x |
Organigram Operating Metrics
Organigram's Patients was reported to be 18.1 k in Q1, 2020.
| Q1, 2017 | Q2, 2017 | Q3, 2017 | Q4, 2017 | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q4, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q4, 2019 | Q1, 2020 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Brands | 5 | 5 | 5 | 4 | 4 | 3 | |||||||
Cannabis Harvested, kilograms | 8.32 k | 6.05 k | 7.43 k | 12.76 k | |||||||||
Cannabis Sold, kilogram and kilogram equivalents | 4.99 k | 4.62 k | 2.9 k | 5.5 k | |||||||||
Patients | 4 k | 4.04 k | 5.51 k | 7.4 k | 10.73 k | 12.96 k | 15.32 k | 15.73 k | 13.51 k | 14.88 k | 17 k | 17.2 k | 18.13 k |
Organigram Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| Organigram Inc. |
Organigram Environment, Social & Governance (ESG) Ratings
Organigram Online and Social Media Presence
20.16k Twitter followers
Organigram has 20.16k Twitter Followers. The number of followers has decreased 0.2% quarter over quarter
Organigram's Trends
Twitter Engagement Stats for @discoverOGI
1.2k
Tweets
297
Following
20.2k
Followers
11
Tweets last 30 days
9.4
Avg. likes per Tweet
100%
Tweets with engagement
Organigram News and Updates
December 21, 2021
Canadian cannabis company Organigram buys Laurentian Organic
Organigram Holdings Inc. said Tuesday it acquired all of the issued and outstanding shares of Laurentian Organic Inc. for about $28 million plus additional earnout considerations based on 2022 and 2023 Ebitda benchmarks. The Laurentian acquisition will allow Organigram to reach into premium produc…
August 25, 2021
Organigram launches new 'SHRED'ems' lineup of cannabis-infused gummies
Organigram Holdings Inc. announced Wednesday the launch of its "SHRED'ems" lineup of "high-quality and bold" cannabis-infused gummies. The parent of Canada-based cannabis producer Organigram Inc., said "SHRED'ems" adds to its value-priced "SHRED" portfolio. The company said the vegan-friendly "SHRE…
July 13, 2021
Organigram tops revenue estimates in fiscal Q3 as loss narrows
Canadian cannabis company Organigram Holdings Inc. posted a narrower loss for its fiscal third quarter than in the same period a year ago as revenue topped estimates. The company posted a loss of C$4 million ($3.20 million) for the quarter to May 31, after a loss of C$89.9 million in the same perio…
May 03, 2021
Canadian cannabis company Organigram says CEO Greg Engel is stepping down with immediate effect
Organigram Holdings Inc. said Monday that Chief Executive Greg Engel is stepping down from his role effective today and will act as special adviser to the board through a transition period. The Moncton, New Brunswick-based cannabis company said Peter Amirault, currently chairman of the board, will …
April 13, 2021
UPDATE: OrganiGram stock slide 10% premarket as loss widens, revenue falls short of estimates as COVID weighs
OrganiGram Holdings Inc. said Tuesday it had a net loss of C$66.4 million ($52.8 million) in its fiscal second quarter to Feb. 28, wider than the loss of C$6.8 million posted in the year-earlier quarter. The Canadian cannabis company did not provide a per-share figure. Revenue fell to C$14.6 millio…
April 13, 2021
OrganiGram loss widens and revenue falls short of estimates in Q2 as COVID impacts staffing
OrganiGram Holdings Inc. said Tuesday it had a net loss of C$66.4 million ($52.8 million) in its fiscal second quarter to Feb. 28, wider than the loss of C$6.8 million posted in the year-earlier quarter. The Canadian cannabis company did not provide a per-share figure. Revenue fell to C$14.6 millio…
Organigram Frequently Asked Questions
When was Organigram founded?
Organigram was founded in 2013.
Who are Organigram key executives?
Organigram's key executives are Gregory Engel, Amy Schwalm and Paolo de Luca.
How many employees does Organigram have?
Organigram has 770 employees.
What is Organigram revenue?
Latest Organigram annual revenue is C$80.4 m.
What is Organigram revenue per employee?
Latest Organigram revenue per employee is C$104.4 k.
Who are Organigram competitors?
Competitors of Organigram include Aphria, Cronos Group and Trulieve.
Where is Organigram headquarters?
Organigram headquarters is located at 35 English Dr, Moncton.
Where are Organigram offices?
Organigram has offices in Moncton and Toronto.
How many offices does Organigram have?
Organigram has 2 offices.
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