Business
Organigram Reports Record Second Quarter Fiscal 2025 Results
Record gross revenue of $102.8 million and record net revenue of $65.6 million Adjusted EBITD...
About this update from Organigram Global Inc.
[{"type":"text","content":"Organigram Reports Record Second Quarter Fiscal 2025 Results\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwlistcircle { list-style-type: circle }\n.bwlistdisc { list-style-type: disc }\n.bwmarginl1 { margin-left: 30px }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl3 { padding-left: 15px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwrowaltcolor0 { background-color: #cceeff }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth1 { width: 1% }\n.bwwidth100 { width: 100% }\n.bwwidth11 { width: 11% }\n.bwwidth13 { width: 13% }\n.bwwidth57 { width: 57% }\n.bwwidth59 { width: 59% }\n.bwwidth72 { width: 72% }\n \n\n\n\n\n Record gross revenue of $102.8 million and record net revenue of $65.6 million\n \n\n Adjusted EBITDA\n \n 1\n \n of $4.9 million\n \n\n Net income of $42.5 million\n \n\n Increase in anticipated Motif cost synergies to $15 million from $10 million\n \n\n Total cash position of $83.4 million\n \n 2\n \n and negligible debt\n \n\n\n\n\n Organigram Global Inc. (NASDAQ: OGI) (TSX: OGI), (the “Company” or “Organigram”), Canada's #1 cannabis company by market share, announced its record results for the second quarter ended March 31, 2025 (“Q2 Fiscal 2025”). The Q2 Fiscal 2025 results include a full quarter of consolidated financials from the Company's acquisition of Motif Labs Ltd. (\"Motif\") on December 6, 2024.\n \n\n\n Q2 FISCAL 2025 HIGHLIGHTS\n \n\n\n\n Gross revenue increased 79% to $102.8 million from $57.4 million in the same prior year period.\n \n\n Net revenue increased 74% to $65.6 million from $37.6 million in the same prior year period.\n \n\n International revenue increased 177% to $6.1 million from $2.2 million in the same prior year period.\n \n\n Adjusted gross margin\n \n 1\n \n increased to $21.9 million or 33%, from $11.6 million or 31% in t...