Organigram Holdings (TSX.V: OGI) (NASDAQ: OGI), the parent
company of Organigram Inc., a leading licensed producer of cannabis, recently
received coverage in a Bloomberg article discussing OGI’s
financial results for the last four quarters (http://ibn.fm/BUMhB). An article further discussing the
company reads, “Organigram’s Q3 and fiscal year-to-date results represent some
of the strongest operating and financial metrics amongst Canadian licensed
producers. With one of the lowest cultivation costs per gram and continued
discipline on selling, general and administrative expenses, Organigram’s
results place it in the top tier of the Canadian industry. . . . As per
the Bloomberg article, Organigram’s sustainable profitability
is an outlier due to the fact that the industry has been experiencing some
negative developments. Regulatory measures have been undertaken in Canada
against some of the cultivators to ensure compliance. Other firms have been
registering lower than expected sales, significant negative-adjusted EBITDA and
shrinking margins in recent quarters.”
To view the full article, visit http://ibn.fm/HxtvU
About Organigram Holdings Inc.
Organigram Holdings is a TSX Venture Exchange and NASDAQ
Global Select-listed company whose wholly owned subsidiary, Organigram Inc., is
a licensed producer of cannabis and cannabis-derived products in Canada.
Organigram is focused on producing the highest-quality, indoor-grown cannabis
for patients and adult-recreational consumers in Canada, as well as developing
international business partnerships to extend the company’s global footprint.
Organigram has also developed a portfolio of legal adult-use recreational
cannabis brands including the Edison Cannabis Company, Ankr Organics, Trailer
Park Buds and Trailblazer. Organigram’s primary facility is located in Moncton,
New Brunswick, and the company is regulated by the Cannabis Act and the
Cannabis Regulations (Canada). For more information, visit the company’s
website at www.Investors.Organigram.ca.
NOTE TO INVESTORS: The latest news and updates
relating to OGI are available in the company’s newsroom at http://ibn.fm/OGRMF
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