Warning: session_start(): open(/opt/alt/php74/var/lib/php/session/sess_a2a8b31620924f8c1fc48023684be77a, O_RDWR) failed: Disk quota exceeded (122) in /home/useaicwl/public_html/wp-content/themes/mushroomstocks/functions.php on line 278

Warning: session_start(): Failed to read session data: files (path: /opt/alt/php74/var/lib/php/session) in /home/useaicwl/public_html/wp-content/themes/mushroomstocks/functions.php on line 278
Organigram Holdings Continues to Grow at Rapid Rates - Mushroomstocks | Mushroomstocks
Albert Labs announces Strategic Investment from Cantheon Capital LLC for First In-Human TrialsMindMed Reports Full Year 2022 Financial Results and Business HighlightsCybin to Participate in the Oppenheimer 33rd Annual Healthcare ConferenceNuminus to Participate in the Sequire Cannabis & Psychedelics Conference on Wednesday, April 5, 2023Braxia Scientific Provides Update on Proposed Irwin Transaction; Company Retains Strategic Clinical Assets and Ketamine Numinus Announces Four Peer-Reviewed Publications from its Chief Clinical Officer in 2023Irwin Naturals Signs Letter of Intent to Acquire Braxia ScientificNuminus Wellness Inc. Reports Q1 2023 ResultsIrwin Naturals and Braxia Scientific Announce Partnership for In-Human Clinical Studies Supporting Pharmaceutical CompanNuminus Develops Mushroom Tea for Use in Psychedelic ResearchIs the Psychedelic Sector Poised for a Comeback?!?PSYC + Nucleus Form New Partnership to Develop and Launch Psychedelic FinderWhat You Need to Know About Numinus Wellness…Numinus provides update on acquisition integration and announces new client financing optionsPSYC Corp’s Psychedelic Spotlight Surpasses One Million Page Views for Fourth Consecutive MonthNuminus to Participate in the H.C. Wainwright 24th Annual Global Investment Conference on September 12-14, 2022The Psychedelic Sector is Quietly Outperforming the S&P 500PSYC Completes and Publishes 2021 Audited Financials; Will Begin Audit of Q1 & Q2 2022Numinus to Participate in the H.C. Wainwright 24th Annual Global Investment Conference on September 12-14, 2022PSYC’s Bonfire Platform Development Progresses; Will Host Free Virtual Community Event on August 29th

Organigram Holdings Continues to Grow at Rapid Rates

Dec 18, 2015 • 2:10 PM EST
2 MIN READ  •  By Michael Berger
Share Share - Facebook Share - Twitter

The Canadian cannabis industry has come down from its post-election highs and this has created opportunities for investors. Before Justin Trudeau and the Liberal Party won the Canadian general election, Trudeau said he would make marijuana legalization a priority if he was elected as Prime Minister. Less than a week after he won, several Canadian cannabis stocks rallied more than 100%. Now that share prices have come down, we are monitoring several companies closely.

One of these companies, Organigram Holdings Inc. (OGI) (OGRMF) announced better than expected financial results yesterday and the company is poised to see continued growth. OGI is based out of Moncton, Canada and produces and sells medical marijuana through its subsidiary, Organigram, Inc.

OGI Reports Significant Revenue Growth

During the fourth quarter, OGI generated $675,530 in revenue, an increase of 194% from the third quarter. The company continued to grow during the first quarter of 2016 which ended on November 30, 2015, and they generated over $1 million in revenue. This growth comes after OGI received regulatory approval to activate four more grow rooms in early September. This approval increased annual production capacity to 2,100 kilograms and was the driving factor behind the improved revenue.

OGI reached one of its business milestones during the week that ended on December 11th. During that week, the company generated approximately $120,000 in revenue. This is a milestone because it provided OGI with a level of cash flow greater than its current operating expenses.

Focused on Growth

During the next year, OGRMF will be focused on several initiatives which would lead to significant top and bottom line growth. Currently, the company’s total annual production capacity is 1,600 kilograms. One of OGRMF’s short term goals is to receive approval from Health Canada for 6 additional grow rooms within its existing facility. This would bring their total annual production capacity to 3,100 kilograms. Once OGRMF completes the expansion of its facility, they will be able produce more than 7,500 kilograms per year.

Trudeau’s Liberal Party’s election victory will serve as a long-term catalyst for the Canadian marijuana industry. If Trudeau legalizes recreational marijuana, many of these companies will see incremental top line and bottom line growth.


During the last month, OGI and OGRMF have both seen weakness and shares have fallen by 17% and 24% respectively. We are favorable on the recent decline in price because OGI and OGRMF are up 223% and 168% during the last three months. Momentum has been trending down and we are monitoring shares for a buy opportunity.


Share Share - Facebook Share - Twitter


Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Mushroomstocks.com. Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.


Top Stories

Get the Latest Cannabis News & Stock Picks.

Enter your email below to join the official Mushroomstocks newsletter.

 All good -- no spamming here.

The psychedelics sector is starting to take off as smart money begins to position itself across the industry.

Stay updated with all latest updates,upcoming events & much more.

Fatal error: Uncaught ErrorException: md5_file(/home/useaicwl/public_html/wp-content/litespeed/css/80d8f7fcb16cda1b1c7eeea447d9e826.css.tmp): failed to open stream: No such file or directory in /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimizer.cls.php:126 Stack trace: #0 [internal function]: litespeed_exception_handler(2, 'md5_file(/home/...', '/home/useaicwl/...', 126, Array) #1 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimizer.cls.php(126): md5_file('/home/useaicwl/...') #2 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimize.cls.php(797): LiteSpeed\Optimizer->serve('https://mushroo...', 'css', true, Array) #3 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimize.cls.php(319): LiteSpeed\Optimize->_build_hash_url(Array) #4 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimize.cls.php(252): LiteSpeed\Optimize->_optimize() #5 /home/useaicwl/public_html/wp-includes/class-wp-hook.php(310): LiteSpeed\Optimize->f in /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimizer.cls.php on line 126