organigram

Organigram ‘actively seeking beverage partner’: Q&A with CEO Greg Engel

As Canada’s biggest cannabis producers lose money hand over fist, companies that execute successfully in their home country and overseas are poised to stand out. One such company is Organigram. The New Brunswick-headquartered producer is laying the groundwork to capitalize on the next round of legalization in Canada – the launch of the edibles, extracts […]

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Cannabis oversupply in Canada may be closer than some expect, bank warns

One of Canada’s top banks acknowledged the adult-use cannabis industry’s rocky start but still expects to see “substantial growth” for the rest of the year as supply constraints are alleviated. Scotiabank also warned that the cannabis market will become heavily oversupplied in the medium to long term. “Producers we have spoken to are generally aware […]

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Canadian cannabis producer Organigram to list on Nasdaq

Organigram, a New Brunswick-based marijuana producer, will begin trading on the Nasdaq on May 21. The company will join other major Canadian producers listed on senior U.S. exchanges, such as Aurora Cannabis, Canopy Growth, Cronos and Tilray. Organigram will continue to maintain its TSX Ventures Exchange listing but will cease trading on U.S. over-the-counter markets […]

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Canada’s adult-use cannabis market boosts Organigram’s Q2 results

Higher plant yields helped New Brunswick-based Organigram slash its “all-in” cost of cultivation to 85 Canadian cents per gram (63 cents) – among the lowest in the industry – on gross revenues of CA$33.4 million in its second fiscal quarter results. The results for the period December to February take into account the company’s first […]

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Wall Street bank: Fears on cannabis commoditization overdone

A New York-based investment bank initiated coverage of the cannabis industry Monday, another sign that Wall Street prudence is catching up to main street excitement over the burgeoning sector. The global marijuana industry has a “base-case conservative” forecast worth roughly $50 billion in the next decade, Jefferies Group said in its initiating report, and a […]

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New Brunswick signs new cannabis supplier amid shortage, in talks with others

New Brunswick’s wholesaler of adult-use marijuana signed up another supplier to meet sky-high demand, and the province confirmed it is in talks with other licensed producers to fill a significant supply shortfall. Supreme Cannabis Company subsidiary 7Acres entered into an agreement with the New Brunswick Liquor Corp. (NBLC) to supply an undisclosed amount of marijuana […]

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Though a ‘positive step,’ WHO recommendations on cannabis fall short for some

The World Health Organization (WHO) made great strides in its recommendations on how cannabis should be scheduled, but the global industry believes there’s more work to be done. Martin Jelsma, drugs and democracy program director, at the Netherlands-based Transnational Institute, emphasized to Marijuana Business Daily that there are “very positive elements in the WHO recommendations,” including: Recognition […]

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Alberta announces agreements with 13 Canadian marijuana cultivation firms

It was a busy day for the Alberta Gaming and Liquor Commission (AGLC), which announced Thursday it inked cannabis supply agreements with 13 cultivation firms. Alberta – which allows privately run cannabis retailers but will contain provincial control of cultivation – signed supply deals with: 7 Acres/The Supreme Cannabis Company ABCann Global Aphria Aurora Cannabis CannTrust […]

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