Q1 F2023 ~ HIGHLIGHTS BELOW • Maintained strong quarterly net revenue growth • $43.3 million (?43% YoY) in Q1F23 compared to $30.4 million in Q1F22 • Fourth consecutive quarter of positive Adjusted EBITDA1 • Positive net income and operating cash flow • Maintained #3 position among Canadian LPs2 • Launched HOLY MOUNTAIN, offering unique flower strains and pressed hash • Secured a multi-year agreement to supply up to 20,000 kg of dry flower to Israel
OGI ~OrganiGram "KEY INTERNATIONAL SUPPLY ARRANGEMENTS"...
• $5.9 million of flower revenue in Q1 F23, growing 71% from $3.4 million in Q1 F22 • High margin and not subject to excise tax • Continued supply of dried flower to Canndoc for processing and distribution into Israeli medical market1 • November 17, 2022: entered into a new multi-year Strategic Agreement with Canndoc to supply up to 20,000kg of dry flower to Israel • Opportunity to launch Organigram-branded medical products in Israel, and grants exclusivity and related rights to Canndoc in Israel market • Continued shipments made to Medcan and Cannatrek in Australia