Organigram Reports Q1 Adjusted EBITDA of $5.3M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 10 2026
0mins
Should l Buy OGI?
Reports Q1 adjusted EBITDA $5.3M vs. $1.4M a year ago. "As I step into the role of CEO, I'm encouraged by the strength of Organigram and our leadership position in Canada," said James Yamanaka, CEO of Organigram. "Over the past 25 days, I've toured our facilities and met with many of my new colleagues. What's clear is that we have a competitive core business, supported by a foundation of innovation and plant science, alongside a continued focus on improving efficiency and scale. As our international presence grows, disciplined execution and operating efficiency will drive profitability." "Year over year, we delivered strong revenue growth and improved profitability, reflecting the scale we've built across the business," said Greg Guyatt, CFO. "Despite expected seasonal and market dynamics early in the year, adjusted gross margin remained elevated due to greater operational efficiency, higher flower yields, synergies gained from the integration of Motif, and higher international sales. We expect this trend to continue throughout Fiscal 2026, where we project further international sales growth."
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Analyst Views on OGI
Wall Street analysts forecast OGI stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.270
Low
2.36
Averages
2.64
High
2.91
Current: 1.270
Low
2.36
Averages
2.64
High
2.91
About OGI
Organigram Global Inc. is focused on producing cannabis for adult recreational consumers, as well as developing international business partnerships. It has also developed and acquired a portfolio of legal adult-use recreational cannabis brands, including Edison, Holy Mountain, Big Bag O' Buds, SHRED, SHRED'ems, Monjour, Tremblant Cannabis, Trailblazer, BOXHOT, Collective Project, Fetch and DEBUNK. It operates facilities in Moncton, New Brunswick and LacSuperieur, Quebec, with an edibles manufacturing facility in Winnipeg, Manitoba. It operates two additional cannabis processing facilities in Southwestern Ontario: one in Aylmer and the other in London. The facility in Aylmer houses CO2 and Hydrocarbon extraction capabilities, and is optimized for formulation refinement, post-processing of minor cannabinoids, and pre-roll production. The facility in London is optimized for labeling, packaging, and national fulfillment. Its subsidiaries include Organigram Inc. and Motif Labs Ltd.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Organigram Acquires Sanity Group to Expand European Market Presence
- Acquisition Deal Size: Organigram Global announced the acquisition of Berlin-based Sanity Group for an upfront consideration of €113.4 million, with a potential earnout of up to €113.8 million based on financial performance, significantly enhancing its network of supply-chain partners.
- Market Expansion Strategy: As the operator of Europe’s first legal cannabis specialty stores, Sanity Group is strategically expanding its footprint beyond Germany and Switzerland into Poland, the UK, and Czechia, aiming to capitalize on the rapidly growing European cannabis market.
- Financing Structure: The acquisition is expected to be financed through a combination of cash on hand, proceeds from a new credit facility, and an anticipated C$65.2 million equity investment by BAT, which will help mitigate financial risks and support future expansion.
- Market Outlook: The German medical cannabis market is projected to exceed €2 billion by 2025, serving approximately 800,000 patients, with forecasts indicating it will surpass €4.5 billion by 2028, reflecting a 50% year-over-year growth rate, providing strong market support for Organigram's acquisition.
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Organigram Proposes Acquisition of Sanity Group
- Acquisition Overview: Organigram plans to acquire German cannabis company Sanity Group for €113.4 million (approximately $134 million), comprising €80 million in cash and €33.4 million in Organigram shares, significantly enhancing its position in the global cannabis market.
- Financing Strategy: The acquisition will be financed through a combination of cash on hand, proceeds from a new credit facility, and expected equity investment, with Organigram in talks for a CAD 65.2 million (around $47.8 million) investment from British American Tobacco to support the cash component of the deal.
- Strategic Importance: Paolo De Luca, Chief Strategy Officer, stated that by combining strengths with Sanity, Organigram will accelerate growth in key European markets and create substantial value for shareholders, thereby strengthening its competitive edge in the world's largest federally legal cannabis markets.
- Market Performance Analysis: Despite a 7.09% increase in premarket trading to $1.36, Organigram's stock remains below its 20-day and 100-day simple moving averages, indicating a bearish trend in the short term, with key support at $1.00 and resistance at $1.50.
See More
Organigram Acquires Sanity Group, Expanding Global Cannabis Leadership
- Acquisition Overview: Organigram is acquiring Sanity Group for an upfront consideration of €113.4 million, with a potential earnout of up to €113.8 million based on financial performance, which is expected to significantly enhance Organigram's leadership position in the global legal cannabis market.
- Revenue Growth: Sanity Group's annual net revenue is projected to increase from €9 million in 2023 to €60 million in 2025, including €19 million generated in Q4 2025, indicating strong market demand and growth potential.
- Market Expansion Opportunities: This acquisition allows Organigram to leverage Sanity's market presence in Germany and Switzerland while planning to enter the UK and Poland markets, thereby enhancing its market share and competitiveness in Europe.
- Strategic Synergies: The acquisition will integrate both companies' industry-leading intellectual property and products, expected to drive next-generation cannabis innovations and further solidify Organigram's position in the global cannabis industry.
See More
Organigram Reports Q1 Revenue Growth of 48.7%
- Significant Revenue Growth: Organigram's Q1 revenue reached $63.5 million, reflecting a 48.7% year-over-year increase, surpassing market expectations by $9.64 million, indicating strong performance and growth potential in the market.
- Strong International Performance: International revenue amounted to $5.0 million, up 51% year-over-year, demonstrating the effectiveness of the company's global expansion strategy and enhancing the sustainability of its international business.
- Substantial EBITDA Improvement: Adjusted EBITDA rose to $5.3 million, a remarkable 273% increase year-over-year, showcasing significant improvements in cost control and operational efficiency, thereby enhancing profitability.
- Net Income Turnaround: The company reported a net income of $20.0 million compared to a net loss of $27.5 million in the same quarter last year, marking a significant improvement in financial health, boosting investor confidence and laying a solid foundation for future growth.
See More
Organigram Global to Announce Q1 Earnings on February 10
- Earnings Announcement Schedule: Organigram Global is set to release its Q1 2023 earnings report on February 10 before market open, drawing significant attention from investors regarding its performance.
- Earnings Expectations: Analysts have a consensus EPS estimate of -$0.01, indicating challenges in profitability that could impact investor confidence and stock performance.
- Revenue Forecast: The revenue estimate stands at $53.86 million, and any shortfall in actual revenue could negatively affect the stock price and market perception of the company.
- Industry Context: The timing of Organigram's earnings report coincides with other major companies' earnings releases, which may influence market sentiment towards the cannabis industry amid increasing competition.
See More
Organigram Expands Investment in Phylos to $10 Million for Cannabis Genetics
- Strategic Investment Expansion: Organigram Global Inc. has increased its investment in Phylos Bioscience from $7 million to $10 million, aiming to enhance its leadership in seed-based cannabis cultivation by securing priority access to advanced genetics and a robust seed pipeline, which is expected to strengthen its competitive position in both medical and recreational cannabis markets.
- Loan Agreement Revision: The investment includes a revised loan agreement with an additional $3 million advance, maturing on May 25, 2028, ensuring Organigram's exclusivity for selected autoflower cultivars over the next five years, further solidifying its market position.
- Market Share Growth: Through its partnership with Phylos, Organigram plans to scale seed-based production by 2030, which is anticipated to significantly enhance product consistency and economic benefits, thereby meeting the increasing consumer demand.
- Technology-Driven Advantage: Organigram began utilizing seed-based production technology in 2023, marking a transformation in its operational model, which is expected to yield long-term economic benefits and competitive advantages in the market.
See More
Organigram Acquires Sanity Group to Expand European Market Presence
- Acquisition Deal Size: Organigram Global announced the acquisition of Berlin-based Sanity Group for an upfront consideration of €113.4 million, with a potential earnout of up to €113.8 million based on financial performance, significantly enhancing its network of supply-chain partners.
- Market Expansion Strategy: As the operator of Europe’s first legal cannabis specialty stores, Sanity Group is strategically expanding its footprint beyond Germany and Switzerland into Poland, the UK, and Czechia, aiming to capitalize on the rapidly growing European cannabis market.
- Financing Structure: The acquisition is expected to be financed through a combination of cash on hand, proceeds from a new credit facility, and an anticipated C$65.2 million equity investment by BAT, which will help mitigate financial risks and support future expansion.
- Market Outlook: The German medical cannabis market is projected to exceed €2 billion by 2025, serving approximately 800,000 patients, with forecasts indicating it will surpass €4.5 billion by 2028, reflecting a 50% year-over-year growth rate, providing strong market support for Organigram's acquisition.
See More
Organigram Proposes Acquisition of Sanity Group
- Acquisition Overview: Organigram plans to acquire German cannabis company Sanity Group for €113.4 million (approximately $134 million), comprising €80 million in cash and €33.4 million in Organigram shares, significantly enhancing its position in the global cannabis market.
- Financing Strategy: The acquisition will be financed through a combination of cash on hand, proceeds from a new credit facility, and expected equity investment, with Organigram in talks for a CAD 65.2 million (around $47.8 million) investment from British American Tobacco to support the cash component of the deal.
- Strategic Importance: Paolo De Luca, Chief Strategy Officer, stated that by combining strengths with Sanity, Organigram will accelerate growth in key European markets and create substantial value for shareholders, thereby strengthening its competitive edge in the world's largest federally legal cannabis markets.
- Market Performance Analysis: Despite a 7.09% increase in premarket trading to $1.36, Organigram's stock remains below its 20-day and 100-day simple moving averages, indicating a bearish trend in the short term, with key support at $1.00 and resistance at $1.50.
See More
Organigram Acquires Sanity Group, Expanding Global Cannabis Leadership
- Acquisition Overview: Organigram is acquiring Sanity Group for an upfront consideration of €113.4 million, with a potential earnout of up to €113.8 million based on financial performance, which is expected to significantly enhance Organigram's leadership position in the global legal cannabis market.
- Revenue Growth: Sanity Group's annual net revenue is projected to increase from €9 million in 2023 to €60 million in 2025, including €19 million generated in Q4 2025, indicating strong market demand and growth potential.
- Market Expansion Opportunities: This acquisition allows Organigram to leverage Sanity's market presence in Germany and Switzerland while planning to enter the UK and Poland markets, thereby enhancing its market share and competitiveness in Europe.
- Strategic Synergies: The acquisition will integrate both companies' industry-leading intellectual property and products, expected to drive next-generation cannabis innovations and further solidify Organigram's position in the global cannabis industry.
See More
Organigram Reports Q1 Revenue Growth of 48.7%
- Significant Revenue Growth: Organigram's Q1 revenue reached $63.5 million, reflecting a 48.7% year-over-year increase, surpassing market expectations by $9.64 million, indicating strong performance and growth potential in the market.
- Strong International Performance: International revenue amounted to $5.0 million, up 51% year-over-year, demonstrating the effectiveness of the company's global expansion strategy and enhancing the sustainability of its international business.
- Substantial EBITDA Improvement: Adjusted EBITDA rose to $5.3 million, a remarkable 273% increase year-over-year, showcasing significant improvements in cost control and operational efficiency, thereby enhancing profitability.
- Net Income Turnaround: The company reported a net income of $20.0 million compared to a net loss of $27.5 million in the same quarter last year, marking a significant improvement in financial health, boosting investor confidence and laying a solid foundation for future growth.
See More
Organigram Global to Announce Q1 Earnings on February 10
- Earnings Announcement Schedule: Organigram Global is set to release its Q1 2023 earnings report on February 10 before market open, drawing significant attention from investors regarding its performance.
- Earnings Expectations: Analysts have a consensus EPS estimate of -$0.01, indicating challenges in profitability that could impact investor confidence and stock performance.
- Revenue Forecast: The revenue estimate stands at $53.86 million, and any shortfall in actual revenue could negatively affect the stock price and market perception of the company.
- Industry Context: The timing of Organigram's earnings report coincides with other major companies' earnings releases, which may influence market sentiment towards the cannabis industry amid increasing competition.
See More
Organigram Expands Investment in Phylos to $10 Million for Cannabis Genetics
- Strategic Investment Expansion: Organigram Global Inc. has increased its investment in Phylos Bioscience from $7 million to $10 million, aiming to enhance its leadership in seed-based cannabis cultivation by securing priority access to advanced genetics and a robust seed pipeline, which is expected to strengthen its competitive position in both medical and recreational cannabis markets.
- Loan Agreement Revision: The investment includes a revised loan agreement with an additional $3 million advance, maturing on May 25, 2028, ensuring Organigram's exclusivity for selected autoflower cultivars over the next five years, further solidifying its market position.
- Market Share Growth: Through its partnership with Phylos, Organigram plans to scale seed-based production by 2030, which is anticipated to significantly enhance product consistency and economic benefits, thereby meeting the increasing consumer demand.
- Technology-Driven Advantage: Organigram began utilizing seed-based production technology in 2023, marking a transformation in its operational model, which is expected to yield long-term economic benefits and competitive advantages in the market.
See More
