OrganiGram Holdings Inc (OGI)

[Hunchbackgeek]

Organigram Reports Second Quarter Fiscal 2024 Results https://www.organigram.ca/organigram-reports-second-quarter-fiscal-2024-results May/15/2024

~ 21% growth in recreational net revenue year-over-year
~ First Jupiter private placement tranche closed adding $41.5 million of cash bringing Organigram's closing cash balance at quarter-end to $83.6 million
~ Subsequent to quarter end, closed $28.8 million oversubscribed marketed offering, which when combined with the remaining two anticipated Jupiter tranches
will increase cash position by additional $110 million
~ Company's recent investment in Steady State LLC (d/b/a Open Book Extracts) ("OBX") adds to
growing U.S. portfolio, which includes Phylos Bioscience Inc. ("Phylos")
~ Organigram's U.S.-based strategic investments may benefit from expected change in rescheduling of
cannabis by the Drug Enforcement Administration from
Schedule I to Schedule III

FULL REPORT HERE:
https://www.organigram.ca/organigram-reports-second-quarter-fiscal-2024-results


.