Welcome to our Cannabis Earnings series where we break down the latest earnings to help you focus on the most important topics.
Introduction
OrganiGram (OGI) became the major Canadian cannabis company to kick off the earnings season when it reported fiscal 2019 Q3 results. The numbers were disappointing as revenue declined from the prior quarter and cash costs of growing soared due to a failed cultivation experiment. However, we think OrganiGram remains one of the few drama-free large LPs and it is well-positioned to capture additional market share in Canada in light of