Organigram’s Report Highlights Cannabis as Key Economic Driver in Canada

OrganiGram Holdings ( (TSE:OGI) ) has shared an announcement.

Organigram Global Inc. has released a report highlighting the significant economic impact of Canada’s legal cannabis industry, which contributed over $16 billion to the national GDP in 2024. The industry supports over 227,000 jobs and has surpassed traditional sectors like forestry and breweries in economic contribution. Despite its success, outdated policies and tax structures are hindering further growth and export potential, with calls for modernization to fully leverage Canada’s first-mover advantage in the global cannabis market.

The most recent analyst rating on (TSE:OGI) stock is a Hold with a C$2.00 price target. To see the full list of analyst forecasts on OrganiGram Holdings stock, see the TSE:OGI Stock Forecast page.

Spark’s Take on TSE:OGI Stock

According to Spark, TipRanks’ AI Analyst, TSE:OGI is a Neutral.

OrganiGram Holdings’ overall score is driven by strong earnings performance and positive technical indicators. However, high valuation and cash flow challenges weigh on the score. The company’s strategic growth initiatives and market leadership position are significant positives.

To see Spark’s full report on TSE:OGI stock, click here.

More about OrganiGram Holdings

Organigram Global Inc. is a NASDAQ Global Select Market and TSX listed company, known as Canada’s largest cannabis company by market share. It is a licensed cultivator of cannabis and manufacturer of cannabis-derived goods, focusing on high-quality cannabis for adult consumers and developing international business partnerships. The company also participates in the U.S. and Canadian cannabinoid beverage markets through its acquisition of Collective Project Limited.

Average Trading Volume: 110,185

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$316M

For detailed information about OGI stock, go to TipRanks’ Stock Analysis page.