Organigram Says Vape Weakness Pressures Margins
Organigram Global Inc. (NASDAQ:OGI) reported weaker second-quarter fiscal 2026 results as declining vape and infused pre-roll sales weighed on revenue and profitability.
Though the Canadian cannabis producer said operational changes and its recent acquisition of Germany-based Sanity Group position the company for stronger performance in the second half of the year.
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Organigram Q2 Revenue Falls As Vape Sales And Margins Weaken
The company reported a second-quarter loss of one cent, with sales of $43.59 million, missing the consensus of $52.06 million.
Adjusted EBITDA fell 82% to $0.9 million.
CEO James Yamanaka said the quarter reflected underperformance in vapes and temporary production issues in infused pre-rolls, alongside slower industry growth.
“We acted quickly to address these …