Organigram Provides an Update to Shareholders

Mar 25, 2022 By MarketDepth

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Business Update

Organigram Holdings Inc. (TSX: OGI) (NASDAQ: OGI) just provided a corporate update to its shareholders.

Top Market Share

In addition to maintaining its #1 market share position in dried flower, the largest category, which represents approximately half of the market, the company had acquired Quebec-based Laurentian Holdings Inc. in December of 2021 and continues work towards a successful integration across all departments, including human resources, sales, R&D, operations, marketing, and finance.

“We continue to reap the benefits of the strategic acquisitions of our edibles facility and the recently acquired Laurentian, which both support the strong market share growth we see today.”

Beena Goldenberg, CEO of Organigram

Additionally, the company has announced the launch of two new cannabis strains, Edison Kush Cakes and Edison Frozen Lemons, as well as the addition of new products to the SHRED and Big Bag ‘O Buds product lines, pushing the number of SHRED SKUs to 8. Furthermore, the company has also launched Shred-X 510 vape cartridges, SHRED X Kief-Infused Blends and Big Bag ‘O Buds Pink Cookies.

“The growth and progress we have made in a relatively short time are a testament to the great brands and products we are putting into the market, which clearly continue to resonate with consumers.”

Beena Goldenberg, CEO of Organigram