OrganiGram Holdings (TSE:OGI) has released an update.
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Organigram Holdings, a leading cannabis producer, reported a 17.6% growth in recreational sales for fiscal 2024, with net revenue reaching $159.8 million. The company achieved a 37% adjusted gross margin and a significant 55% increase in adjusted EBITDA compared to the previous fiscal year. Following the acquisition of Motif Labs, Organigram became Canada’s largest cannabis company by market share.
For further insights into TSE:OGI stock, check out TipRanks’ Stock Analysis page.
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