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OrganiGram Holdings Inc T.OGI

Alternate Symbol(s):  OGI

Healthcare Cannabis
Organigram Holdings Inc. operates through its subsidiaries. The Company’s major wholly owned subsidiaries include Organigram Inc., 10870277 Canada Inc., The Edibles and Infusions Corporation (EIC), and Laurentian Organic Inc. (Laurentian). Organigram Inc. is a licensed producer (LP) of cannabis, cannabis-derived products and cannabis infused edibles in Canada. It is focused on producing cannabis for patients and adult recreational consumers, as well as developing international business partnerships. It has also developed and owns a portfolio of legal adult-use recreational cannabis brands, including Edison, Holy Mountain, Big Bag O’ Buds, SHRED, SHRED’ems, Monjour, Laurentian, Tremblant Cannabis and Trailblazer. It operates facilities in Moncton, New Brunswick and Lac-Superieur, Quebec, with a dedicated edibles manufacturing facility in Winnipeg, Manitoba. 10870277 Canada Inc. is a special purpose holding company for the Company. EIC is a cannabis processor of confectionary goods.


TSX:OGI - Post by User

OrganiGram Holdings Inc
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Post by Humaniston Jan 17, 2022 9:47am
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Post# 34323881

OGI beats q1 as slow approach begins to pay off.............

OGI beats q1 as slow approach begins to pay off.............Organigram beats Q1 expectations as slow approach begins to pay off 

this is a part of a longer  article containing other points/companies.
 
https://www.bnnbloomberg.ca/cannabis-canada-weekly-pot-assets-up-for-sale-analyst-trims-2022-sales-estimates-1.1707914
 
Slow and steady may be part of the secret sauce that has seen Organigram report better-than-expected quarterly results on Tuesday and solidly push the cannabis producer to become the fourth-biggest company in Canada by market share. The company reported $30.4 million in first-quarter revenue while taking an adjusted EBITDA loss of $1.9 million. The company also said it expects to reach profitability sooner than anticipated this year. Organigram CEO Beena Goldenberg told BNN Bloomberg the company often works with provincial wholesalers and a consumer group of 2,500 to determine what unique products it would like to sell, deploying one offering to the market and if it's a hit, find ways to sell more. That has led to increased demand for Organigram's products, resulting in a planned 50-per-cent expansion of its production facility later this year. 
 

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