Where is organigram based?

Organigram is a licensed producer of cannabis under Canada's Cannabis Act. It operates its facilities mainly in Moncton, New Brunswick, with additional facilities in Manitoba and Québec.

Is organigram a forward-looking company?

The emphasis on market share gains, category leadership, and facility improvements suggests a forward-looking approach, despite the current financial setbacks. Organigram had a 13-month fiscal year in 2023 to facilitate a change in the company's fiscal year-end.

How much is organigram worth?

Although valuation has declined significantly since 2021, Organigram's valuation, $476.9 million, implied by BAT's additional investment in November 2023 is still far greater than the market cap of $99 million as of Dec 20, 2023.

Is organigram a good investment for the cannabis industry?

As Organigram navigates the complex terrain of the cannabis industry, bolstered by BAT's strategic investment, its future trajectory remains a nuanced narrative of potential growth tempered by financial vigilance.