Cannabis Producer Organigram Q1 Sales Jump 17%, Expect C$10 Million From Motif Integration, Annual Run-Rate Synergies Within Two Years
On Tuesday, Cannabis producer Organigram Holdings Inc (NASDAQ:OGI) reported first-quarter 2025 gross sales of CA$66.8 million, up 19% year-over-year, beating the consensus of CA$65.4 million.
21% of harvests came from higher efficiency seed-based cultivation, up from 9% in the prior quarter.
Net revenues increased 17% to CA$42.73 million, primarily due to increased recreational cannabis sales, international sales and contributions from Motif sales.
The company adds that the integration of Motif is progressing as planned, with over CA$10 million in annual run-rate synergies expected to be realized within the next two years.
Also Read: DEA Accused Of Bias In Cannabis Rescheduling Hearings: Weed Stocks Plummeted In 2024 As …