OrganiGram Holdings Stock (TSX: OGI) (NASDAQ: OGI) - Investor Dashboard


➔ OrganiGram Holdings
TSX Exchange: OGI
NASDAQ Ticker: OGI
Sector: Healthcare
Industry: Consumer Products
Country: Canada
Employees: 705 at 07/15/19
Established: 2013
CEO: Greg Engel

Summary

Fiscal Year-End:  August
Facilities:  1
Dried Flower: Production and Sale
Extracts: Production and Sale
Number of Patients:  17,000 (5/31/19)
Headquarters: Moncton, NB

Financials (05/31/19)

Cash on hand: $87.8 million
Fixed Investment: $180.6 million
Shareholders’ Equity: $336.4 million
Revenues – Last Quarter: $24.8 million
Adj. Gross Margin : 49.6%
EPS : -$0.068

Capital Structure (07/12/19)

Last Financing:  $115 million convertible notes ($5.42)
Basic Shares: 156.2 million
Warrants: 0
Options: 8.4 million
Diluted Shares: 165.4 million

Company Brief

Organigram Holdings Inc. is a NASDAQ and TSX Exchange 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.

In anticipation of the legal adult use recreational cannabis in Canada, Organigram has developed a portfolio of brands including The Edison Cannabis Company, Ankr Organics, Trailer Blazer, and Trailer Park Buds. Organigram’s primary facility is located in Moncton, New Brunswick and the Company is regulated by the Access to Cannabis for Medical Purposes Regulations.

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Highlights

  • One of the few licensed producers east of Ontario
  • Industry leading yields
  • Fully funded 4-phase facility expansion to increase total production capacity to approximately 113,000 kilograms per year of flower by October 2019
  • 533,000 square feet of production space planned for the Moncton Campus
  • Capable of producing 113,000 kilograms annually by the end of 2019
  • Complete portfolio of consumer brands including Trailblazer, Trailer Park  Buds, Ankr Organics, Edison Cannabis Co., and Edison Cannabis Co. Reserve
  • Supply agreements with 10 provinces
  • Partnership with The Green Solution for extracts and edibles
  • Management team with extensive experience in cannabis and other key industries

Growth Strategy

  • Continuing to grow in the medical market while gaining share in the adult consumer market with a robust portfolio of brands and formats
  • Partnership with German company Alpha-cannabis positions Organigram to serve the German medical market
  • Pursuing the acquisition of hemp-related production assets and seeking partnerships for international CBD markets
  • Positioned for growth with new edibles legislation; partnerships and agreements with The Green Solution, Canada’s Smartest Kitchen, and Valens GroWorks Corp.
  • Plans to focus on the vaporizer market;  partnership with PAX Era and selected as exclusive Canadian supplier of Feather Company’s vaporizer hardware
  • Development of a 10-15 minute onset beverage formulation; seeking a strategic partner for beverage product development

Differentiators

  • Based in New Brunswick makes the company one of the few located east of Quebec, with bilingual branding and services
  • Production and distribution agreements with The Green Solution (TGS) and NectarBee. Licensing agreements with the Trailer Park Boys
  • Scalable production facilities on 14 acres of land with three level growing technology that allows it to maximize its footprint
  • Optimized, low cost producer of 5.2 cents/kWh, less than half of the rates in Ontario, as well as low operating costs and wages
  • Dealer’s License since May 2018, allowing it to develop, test and export an extensive range of products
  • Investment in cannabinoid science and biosynthesis company Hyasynth Biologicals and hemp-based consumer healthcare product company Eviana
  • Agreement with industrial hemp research company 1812 Hemp to support R&D on improving hemp yields and costs

Adult Recreational Portfolio – 2019


Institutional Analyst Coverage

MATT BOTTOMLEY
Canaccord

Russell Stanley, MBA
Echelon Wealth Partners

JESSE PYTLAK, CFA,
Cormark Securities

GREG MCLEISH, CFA
Mackie Research

MARTIN LANDRY, CPA
GMP Securities

NEAL GILMER
Haywood Securities

JASON ZANDBERG, CFA
PI Financial


Curated Stories & News


Visit OrganiGram Holdings
at www.organigram.ca.

New Cannabis Ventures in partnership with due diligence platform 420Investor, is the definitive source for fact-based, data-driven, financial information and relevant company news for qualified publicly traded cannabis companies. NCV extracts and parses only the most important content. Information is provided “as is” and solely for informational purposes, not for trading or advice. OrganiGram Holdings is a client of NCV Media, LLC. Read our full disclaimer.