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OrganiGram Holdings Inc (OGI.TO)

OGI.TO on Toronto Stock Exchange

1.56CAD
21 Sep 2020
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Latest Key Developments (Source: Significant Developments)

OrganiGram Holdings Reports Q3 Loss Per Share C$0.51
Tuesday, 21 Jul 2020 

July 21 (Reuters) - OrganiGram Holdings Inc ::ORGANIGRAM REPORTS THIRD QUARTER FISCAL 2020 RESULTS.Q3 REVENUE C$18 MILLION VERSUS C$24.8 MILLION.REDUCED COMPANY'S WORKFORCE BY ABOUT 25% OR ABOUT 220 EMPLOYEES IN JUNE 2020.Q3 LOSS PER SHARE C$0.51.Q3 EARNINGS PER SHARE VIEW C$-0.03, REVENUE VIEW C$21.9 MILLION -- REFINITIV IBES DATA.EXPECTS TO START SHIPPING NEW CORE STRAINS WITH HIGHER POTENCY THC DURING Q4 2020.  Full Article

OrganiGram Says Reduced Workforce By About 25%
Friday, 3 Jul 2020 

July 3 (Reuters) - OrganiGram Holdings Inc ::ORGANIGRAM PROVIDES UPDATE ON COVID-19 CORPORATE ACTION PLAN AND TIMING FOR Q3 RESULTS.ORGANIGRAM HOLDINGS INC - ORGANIGRAM HAS REDUCED ITS WORKFORCE BY APPROXIMATELY 25%.ORGANIGRAM HOLDINGS INC - DECISION WILL AFFECT APPROXIMATELY 220 EMPLOYEES INCLUDING A SMALL NUMBER WHO ARE NOT ON TEMPORARY LAYOFF.ORGANIGRAM - FOR FORESEEABLE FUTURE CO TO CONTINUE TO CULTIVATE LESS THAN TARGET PRODUCTION CAPACITY OF CANNABIS ITS MONCTON CAMPUS WAS ORIGINALLY DESIGNED FOR.ORGANIGRAM HOLDINGS INC - EXPECTS TO REPORT DECLINE IN NET REVENUE FOR FISCAL Q3 2020 VERSUS FISCAL Q2 2020.ORGANIGRAM HOLDINGS INC - ALSO EXPECTS TO REPORT A DECREASE IN SELLING, GENERAL & ADMINISTRATIVE (SG&A) EXPENSES FOR FISCAL Q3 2020.  Full Article

Organigram Successfully Completes Amendment To Credit Facilities With Bank Of Montreal
Friday, 29 May 2020 

OrganiGram Holdings Inc ::ORGANIGRAM SUCCESSFULLY COMPLETES AMENDMENT TO CREDIT FACILITIES WITH BANK OF MONTREAL.ORGANIGRAM SUCCESSFULLY COMPLETES AMENDMENT TO CREDIT FACILITIES WITH BANK OF MONTREAL.ORGANIGRAM HOLDINGS INC - MAINTAINS AVAILABLE UNDRAWN CAPACITY OF UP TO $30 MILLION ON TERM LOAN AND $25 MILLION REVOLVING CREDIT FACILITY.ORGANIGRAM HOLDINGS INC - AMENDMENT EXTENDS FINAL DRAW DEADLINE OF TERM LOAN TO JULY 31.ORGANIGRAM HOLDINGS INC - AMENDMENT POSTPONES COMMENCEMENT OF PRINCIPAL REPAYMENTS ON TERM LOAN TO NOVEMBER 30.  Full Article

Organigram Holdings Inc Says To Issue Up To C$49.0 Million Of Common Shares
Wednesday, 22 Apr 2020 

April 22 (Reuters) - OrganiGram Holdings Inc ::ORGANIGRAM HOLDINGS INC SAYS TO ISSUE UP TO C$49.0 MILLION OF COMMON SHARES.  Full Article

Organigram Reports Second Quarter Fiscal 2020 Results
Tuesday, 14 Apr 2020 

April 14 (Reuters) - OrganiGram Holdings Inc ::ORGANIGRAM REPORTS SECOND QUARTER FISCAL 2020 RESULTS.QTRLY NET REVENUE OF $23.2 MILLION COMPARED TO $26.9 MILLION IN Q2 2019.QTRLY LOSS PER SHARE $0.041.ORGANIGRAM HOLDINGS SAYS IMPACT OF TEMPORARY LAYOFFS WILL RESULT IN ONE-TIME CHARGE OF ABOUT $0.6 MILLION DURING MONTH OF APRIL 2020.Q2 REVENUE VIEW C$24.5 MILLION -- REFINITIV IBES DATA.  Full Article

Organigram Provides Update On Corporate Action Plan In Response To Covid-19 Pandemic
Tuesday, 7 Apr 2020 

April 6 (Reuters) - OrganiGram Holdings Inc ::ORGANIGRAM PROVIDES UPDATE ON CORPORATE ACTION PLAN IN RESPONSE TO COVID-19 PANDEMIC.ANNOUNCED TEMPORARY LAYOFF OF ABOUT 45 PER CENT OF ITS WORKFORCE.TEMPORARY LAYOFFS WERE INITIATED ON MARCH 24, 2020.CO HAS OFFERED VOLUNTARY LAYOFFS TO CERTAIN STAFF AND THOSE THAT ACCEPTED MADE UP MAJORITY OF LAYOFFS.ORGANIGRAM HOLDINGS - LUMP-SUM PAYMENTS WILL BE PAID TO AFFECTED EMPLOYEES TO HELP BRIDGE GAP TO AVAILABLE GOVERNMENT PROGRAMS.EXPECT TO LAUNCH EDISON + PAX ERA® DISTILLATE VAPE CARTRIDGES IN CALENDAR Q2 2020 ACROSS COUNTRY.COMPANY WILL ABSORB EMPLOYEE PAID PORTION OF HEALTH, DENTAL AND SHORT-TERM DISABILITY PREMIUMS FOR ALL EMPLOYEES.  Full Article

Organigram Receives Health Canada License Renewal And Expansion For Final Elements Of Phase 5 And Provides Covid-19 Update
Monday, 23 Mar 2020 

March 23 (Reuters) - OrganiGram Holdings Inc ::ORGANIGRAM RECEIVES HEALTH CANADA LICENSE RENEWAL AND EXPANSION FOR FINAL ELEMENTS OF PHASE 5 AND PROVIDES COVID-19 UPDATE.ORGANIGRAM HOLDINGS INC - EXPECTS THAT ITS WORKFORCE WILL BE MATERIALLY REDUCED AS A RESULT OF VOLUNTARY AND COMPANY-IMPOSED TEMPORARY LAY-OFFS.ORGANIGRAM HOLDINGS INC - PLANS TO REALLOCATE ITS REMAINING WORKFORCE AS NEEDED.ORGANIGRAM HOLDINGS INC - WORKFORCE REDUCTIOIN WILL RESULT IN CORRESPONDING PRODUCTION AND PACKAGING REDUCTIONS.  Full Article

OrganiGram Receives Licensing For Chocolate Production And Packaging Area Increased Production, Drying And Other Post-Harvesting Areas
Friday, 13 Dec 2019 

Dec 13 (Reuters) - OrganiGram Holdings Inc ::ORGANIGRAM RECEIVES LICENSING FOR CHOCOLATE PRODUCTION AND PACKAGING AREA; INCREASED PRODUCTION, DRYING AND OTHER POST-HARVESTING AREAS.ORGANIGRAM HOLDINGS - HAS RECEIVED HEALTH CANADA'S APPROVAL FOR LICENSING OF 16 ADDITIONAL CULTIVATION ROOMS UNDER CANNABIS REGULATIONS.  Full Article

OrganiGram Reports Q4 Loss Per Share C$0.14
Monday, 25 Nov 2019 

Nov 25 (Reuters) - OrganiGram Holdings Inc ::ORGANIGRAM REPORTS FOURTH QUARTER AND 2019 FISCAL YEAR RESULTS.QTRLY NET REVENUE $16.3 MILLION VERSUS $3.2 MILLION.Q4 LOSS PER SHARE C$0.14.Q1 2020 NET REVENUE EXPECTED TO BE HIGHER THAN Q4 2019 ON INCREASED SALES TO PROVINCES & HIGHER WHOLESALE REVENUE.ORGANIGRAM HOLDINGS - EXPECTS INCREASED EFFICIENCIES & ECONOMIES OF SCALE FROM MORE CAPACITY TO DECREASE CULTIVATION COSTS IN Q1 2020 FROM Q4 2019.Q4 EARNINGS PER SHARE VIEW C$0.00, REVENUE VIEW C$21.1 MILLION -- REFINITIV IBES DATA.  Full Article

Organigram Holdings Inc Says Lack Of A Sufficient Retail Network And Slower Than Expected Store Openings In Ontario Continued To Impact Sales In Q4
Tuesday, 12 Nov 2019 

Nov 11 (Reuters) - OrganiGram Holdings Inc ::LACK OF A SUFFICIENT RETAIL NETWORK AND SLOWER THAN EXPECTED STORE OPENINGS IN ONTARIO CONTINUED TO IMPACT SALES IN Q4.ORGANIGRAM HOLDINGS - FOR FISCAL FULL YEAR 2019, CO EXPECTS TO REPORT YEAR-OVER-YEAR GROWTH IN NET REVENUE OF APPROXIMATELY 547% TO ABOUT $80.4 MILLION.NET REVENUE (AFTER EXCISE TAXES) FOR Q4 2019 IS EXPECTED TO BE APPROXIMATELY $16.3 MILLION.FOR FISCAL FULL YEAR 2019, COMPANY EXPECTS TO REPORT POSITIVE ADJUSTED EBITDA FOR THE YEAR.FOR Q4 2019, CO ALSO EXPECTS TO REPORT SEQUENTIAL IMPROVEMENT IN COST OF CULTIVATION PER GRAM AND OVERALL HARVESTED VOLUME.COMPANY BELIEVES IT HAS SUFFICIENT LIQUIDITY AND CAPITAL TO FUND OPERATIONS AND COMPLETE EXPANSION OF ITS MONCTON CAMPUS.BEYOND FISCAL Q1 2020, COMPANY REMAINS ON TRACK TO LAUNCH VAPE PENS IN MID-DECEMBER.Q4 REVENUE VIEW C$29.2 MILLION -- REFINITIV IBES DATA.FY2019 REVENUE VIEW C$94.5 MILLION -- REFINITIV IBES DATA.  Full Article

BRIEF-OrganiGram Says Reduced Workforce By About 25%

* ORGANIGRAM PROVIDES UPDATE ON COVID-19 CORPORATE ACTION PLAN AND TIMING FOR Q3 RESULTS