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OrganiGram Holdings (TSE:OGI)
NASDAQ:OGI

OrganiGram Holdings (OGI) AI Stock Analysis

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TSE:OGI

OrganiGram Holdings

(NASDAQ:OGI)

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Neutral 54 (OpenAI - 4o)
Rating:54Neutral
Price Target:
C$3.00
▲(8.70% Upside)
OrganiGram Holdings' strong revenue growth and market position are offset by profitability challenges and valuation concerns. Technical indicators suggest bullish momentum, but overbought conditions could lead to a pullback. Earnings call insights are positive, but operational challenges remain.
Positive Factors
Revenue Growth
Strong revenue growth indicates successful market penetration and product adoption, supporting long-term business expansion.
International Expansion
Significant international revenue growth suggests successful entry into new markets, enhancing global presence and diversification.
Leadership Change
The appointment of a CEO with global experience can drive strategic growth and enhance competitive positioning in international markets.
Negative Factors
Profitability Challenges
Ongoing profitability issues highlight challenges in cost management and pricing power, potentially affecting long-term financial health.
Cash Flow Issues
Struggles to generate positive cash flows can limit operational flexibility and investment capacity, impacting growth prospects.
ERP Integration Challenges
ERP integration issues can disrupt operations and supply chain efficiency, potentially impacting market share and customer satisfaction.

OrganiGram Holdings (OGI) vs. iShares MSCI Canada ETF (EWC)

OrganiGram Holdings Business Overview & Revenue Model

Company DescriptionOrganiGram Holdings Inc. is a Canadian licensed producer of cannabis, headquartered in Moncton, New Brunswick. The company operates in the cannabis sector, focusing on the cultivation, production, and distribution of high-quality cannabis products for both the medical and adult-use markets. OrganiGram offers a range of products, including dried flower, pre-rolls, oils, and edibles, catering to diverse consumer preferences and needs. The company emphasizes sustainable practices in its operations, utilizing advanced cultivation technologies to enhance product quality and yield.
How the Company Makes MoneyOrganiGram generates revenue primarily through the sale of its cannabis products to both wholesale and retail customers. The company’s key revenue streams include direct sales of dried flower, oils, and edibles to licensed retailers, as well as bulk sales to provincial distributors across Canada. Additionally, OrganiGram may engage in export opportunities to international markets where cannabis is legal. Significant partnerships with licensed retailers and distributors enhance its market reach and distribution capabilities, contributing to the company's earnings. Furthermore, the company may explore additional revenue avenues through product innovation and expanding its portfolio to meet evolving consumer demands in the cannabis industry.

OrganiGram Holdings Earnings Call Summary

Earnings Call Date:Aug 13, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Jan 13, 2026
Earnings Call Sentiment Positive
Organigram reported a strong quarter with record-breaking revenue and significant market share in Canada, supported by international expansion and operational improvements. However, challenges with ERP integration and delays in EU GMP certification presented some setbacks. Despite these challenges, the company's positive cash flow and strategic initiatives suggest a strong long-term trajectory.
Q3-2025 Updates
Positive Updates
Record-Breaking Revenue and Growth
Organigram reported record-breaking gross and net revenue for Q3 Fiscal 2025, with gross sales increasing 73% year-over-year and 7.2% sequentially to reach $110.2 million. Net revenue was $70.8 million, a 72% year-over-year increase and a 7.9% sequential increase.
Strong Market Position in Canada
Organigram maintained its position as the #1 licensed producer nationally in Canada with an 11.6% market share. The company held 20.4% of the national vape segment and 8.3% of the pre-roll segment.
International Expansion
International revenue increased by 208% year-over-year and 21% sequentially to $7.4 million, driven by exports to Germany, Australia, and the U.K.
Operational Improvements and Capacity Expansion
Harvested over 24,000 kilograms at the Moncton facility, a 15% increase over Q2. LED light upgrades and nutrient optimizations increased annual capacity by over 14,000 kilograms.
Positive Cash Flow
Generated free cash flow of $5 million in Q3 and expect to generate positive free cash flow in Q4 and throughout fiscal 2026.
Negative Updates
Challenges with ERP Integration
The integration of Motif into Organigram's ERP system caused temporary disruptions to on-time delivery, resulting in a 30 basis point decline in overall market share in Q3 versus Q2.
Delays in EU GMP Certification
The timing for receiving EU GMP certification remains uncertain, potentially delaying the removal of middlemen and higher-margin sales.
Increased Operating Expenses
Total operating expenses for the quarter increased by 8.5% to $28.2 million from $26 million in the prior quarter, representing approximately 40% of net revenue.
Company Guidance
During the Organigram Global Third Quarter Fiscal 2025 Earnings Conference Call, the company reported a record-breaking quarter in both gross and net revenue, driven by growth in the Canadian recreational cannabis market and international expansion. In Q3, the Canadian market grew by 6.6% year-over-year, reaching $1.4 billion in retail sales, with Organigram maintaining its position as the #1 licensed producer nationally with an 11.6% market share. The company continued to lead in the vape and pre-roll segments, holding 20.4% and 8.3% of the national market, respectively. Notably, the SHRED brand achieved a 69% repurchase rate across its participating categories. Organigram also saw significant gains in edibles, achieving an 18.2% market share by the end of July. Operational highlights included a 15% increase in harvest at the Moncton facility and ongoing capacity enhancements expected to add 14,000 kilograms of annual capacity. International revenue reached $7.4 million, indicating a 208% year-over-year and 21% sequential increase, primarily driven by exports to Germany, Australia, and the U.K. The company continues to explore strategic international investments with $59 million available in their Jupiter pool.

OrganiGram Holdings Financial Statement Overview

Summary
OrganiGram Holdings shows strong revenue growth but struggles with profitability and cash flow. The balance sheet is solid with low leverage, but operational efficiency needs improvement.
Income Statement
45
Neutral
OrganiGram Holdings has shown a positive revenue growth rate of 15.8% in the latest annual period, indicating a strong top-line performance. However, the company is struggling with profitability, as evidenced by negative net profit margins and EBIT margins. The gross profit margin is low, which suggests challenges in cost management or pricing power.
Balance Sheet
55
Neutral
The balance sheet reflects a solid equity base with a low debt-to-equity ratio, indicating financial stability and low leverage risk. However, the return on equity is negative, highlighting inefficiencies in generating returns from shareholders' equity. The equity ratio is healthy, suggesting a strong capital structure.
Cash Flow
40
Negative
The cash flow statement reveals a significant challenge in generating positive cash flows, with negative operating and free cash flows. Despite a notable improvement in free cash flow growth, the company struggles to convert net income into cash, as indicated by negative operating cash flow to net income ratios.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue259.18M259.18M159.84M149.21M145.81M79.16M
Gross Profit9.51M9.51M47.52M35.07M31.57M-28.40M
EBITDA-20.55M-20.55M-23.59M-207.62M10.96M-95.59M
Net Income-24.76M-24.76M-45.44M-229.48M-14.28M-130.70M
Balance Sheet
Total Assets562.21M562.21M407.86M298.45M577.11M554.02M
Cash, Cash Equivalents and Short-Term Investments84.42M84.42M107.57M33.86M98.91M183.84M
Total Debt8.75M8.75M4.46M4.72M3.36M4.96M
Total Liabilities213.08M213.08M101.87M26.83M69.05M74.21M
Stockholders Equity349.13M349.13M305.99M271.62M508.06M479.81M
Cash Flow
Free Cash Flow-24.51M-24.64M-1.47M-62.70M-84.99M-40.92M
Operating Cash Flow-7.46M-7.59M3.87M-35.80M-36.21M-28.59M
Investing Cash Flow-81.20M-82.67M-38.77M1.35M44.03M-115.11M
Financing Cash Flow39.33M39.33M107.78M-817.00K5.33M174.46M

OrganiGram Holdings Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price2.76
Price Trends
50DMA
2.34
Positive
100DMA
2.34
Positive
200DMA
2.03
Positive
Market Momentum
MACD
0.10
Negative
RSI
48.46
Neutral
STOCH
42.89
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:OGI, the sentiment is Neutral. The current price of 2.76 is above the 20-day moving average (MA) of 2.42, above the 50-day MA of 2.34, and above the 200-day MA of 2.03, indicating a neutral trend. The MACD of 0.10 indicates Negative momentum. The RSI at 48.46 is Neutral, neither overbought nor oversold. The STOCH value of 42.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:OGI.

OrganiGram Holdings Peers Comparison

Overall Rating
UnderperformOutperform
Sector (51)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
67
Neutral
C$1.47B28.603.34%22.20%
60
Neutral
C$2.00B-10.87-9.95%4.27%3.41%
58
Neutral
C$2.96B-7.90-27.61%-3.38%-31.35%
54
Neutral
C$356.41M-11.77-7.93%62.15%60.50%
51
Neutral
$7.86B-0.30-43.30%2.27%22.53%-2.21%
49
Neutral
C$366.87M-6.19-10.76%23.87%-19.57%
47
Neutral
C$677.97M-0.70-60.19%-0.67%58.98%
* Healthcare Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
TSE:OGI
OrganiGram Holdings
2.39
0.14
6.22%
TSE:WEED
Canopy Growth
1.93
-2.12
-52.35%
TSE:ACB
Aurora Cannabis
6.37
0.23
3.75%
TSE:CRON
Cronos Group
3.75
0.89
31.12%
TSE:CURA
Curaleaf Holdings
3.85
1.61
71.87%
TSE:TRUL
Trulieve Cannabis
10.65
3.76
54.57%

OrganiGram Holdings Corporate Events

Business Operations and Strategy
Canadians Call for Modernized Cannabis Policies to Boost Economy
Positive
Oct 29, 2025

Organigram Global Inc. has released polling data indicating that a majority of Canadians believe the federal government should modernize its cannabis policy, viewing the legal cannabis industry as a significant economic opportunity. The poll suggests that Canadians want the government to support job creation and innovation in the cannabis sector, reduce excise taxes for legal producers, and combat the illicit market. The findings highlight a shift in public perception, with cannabis now seen as a mainstream and integral part of Canada’s economic landscape, contributing significantly to GDP and employment.

The most recent analyst rating on (TSE:OGI) stock is a Hold with a C$2.50 price target. To see the full list of analyst forecasts on OrganiGram Holdings stock, see the TSE:OGI Stock Forecast page.

Business Operations and StrategyExecutive/Board Changes
Organigram Extends CEO’s Tenure Amid Ongoing Search
Neutral
Oct 21, 2025

Organigram Global Inc. has announced that CEO Beena Goldenberg will extend her tenure until November 30, 2025, to facilitate the completion of the company’s CEO search process. The board is pleased with the progress in finding a leader aligned with the company’s strategic vision and growth objectives. Goldenberg will continue to oversee daily operations, ensuring continuity and momentum across business lines, while the company remains focused on delivering key priorities and creating long-term shareholder value.

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.

Business Operations and StrategyProduct-Related Announcements
Organigram Launches ‘happly’ THC Gummies for Mindful Recreation
Positive
Oct 9, 2025

Organigram Global Inc. has launched ‘happly,’ a new U.S. hemp-derived THC brand featuring FAST™ nanoemulsion gummies designed for specific mood states: socializing, relaxation, and sleep. This launch marks Organigram’s continued expansion into the U.S. market, targeting the growing segment of consumers interested in ‘mindful recreation’ with low-dose THC products. The brand aims to offer consumers moderation, control, and predictability in their cannabis experiences, using proprietary technology to ensure consistent effects. This strategic move underscores Organigram’s commitment to innovation and positions the company to capitalize on the increasing demand for functional cannabinoid products.

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.

Business Operations and Strategy
Organigram’s Report Highlights Cannabis as Key Economic Driver in Canada
Neutral
Sep 2, 2025

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.

OrganiGram Holdings Reports Record Revenue Amid Growth
Sep 1, 2025

OrganiGram Holdings recently held its earnings call, revealing a strong quarter characterized by record-breaking revenue and a robust market presence in Canada. Despite facing challenges such as ERP integration issues and delays in EU GMP certification, the company remains optimistic about its long-term growth trajectory, supported by positive cash flow and strategic initiatives.

OrganiGram Reports Record Revenue and Expansion
Aug 14, 2025

OrganiGram Holdings, a leading cannabis company in Canada, is renowned for its production of high-quality, indoor-grown cannabis for both medical and recreational use, with a focus on expanding its international footprint.

Business Operations and StrategyFinancial DisclosuresM&A Transactions
Organigram Reports Record Q3 Fiscal 2025 Results, Expands Internationally
Positive
Aug 13, 2025

Organigram Holdings reported record financial results for the third quarter of fiscal 2025, with significant increases in revenue and adjusted EBITDA. The company achieved a 72% year-over-year increase in net revenue, driven by the acquisition of Motif Labs and international sales growth. Organigram’s strategic expansion into the U.S. market and its leadership in the Canadian cannabis sector underscore its ambition to become a global player. Despite a net loss due to changes in financial instruments, the company continues to optimize its operations and expand its brand portfolio, aiming for further international growth.

The most recent analyst rating on (TSE:OGI) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on OrganiGram Holdings stock, see the TSE:OGI Stock Forecast page.

Financial Disclosures
Organigram to Announce Q3 Fiscal 2025 Results on August 13
Neutral
Aug 1, 2025

Organigram Global Inc. announced it will release its third quarter fiscal 2025 earnings results on August 13, 2025. The company will host a conference call to discuss these results, reflecting its continued focus on market leadership and expansion in the cannabis industry. This announcement underscores Organigram’s commitment to transparency and stakeholder engagement, potentially impacting its market positioning and investor relations.

The most recent analyst rating on (TSE:OGI) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on OrganiGram Holdings stock, see the TSE:OGI Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 18, 2025