EPISODE · Apr 25, 2022 · 15 MIN
Pod 445 - Cannabis Daily | Cannabis news and insights for April 25, 2022
from Business of Cannabis: Cannabis News | Cannabis Views | Cannabis Trends · host Jay Rosenthal, Beena Goldenberg
Cannabis Daily is a cannabis news and interview program from Business of Cannabis. We highlight the companies, brands, people and trends driving the cannabis industry.Business of Cannabis is a cannabis industry platform marrying cannabis news, video and podcast content, newsletters and online and real-world cannabis events.On today’s BofC Live segment we connect with Beena Goldenberg, CEO of Organigram. Business of Cannabis has been connecting with Goldenberg on a regular basis to hear updates on the company's quarterly financials. In terms of the latest financials from Organigram, here are some of the top line results:Organigram achieved gross revenue of $43.9 million, up 128% from the same prior-year period and consistent with Q1 Fiscal 2022, despite the impact of seasonalityOrganigram continued record growth in net revenue, reaching $31.8 million, the highest in the history of the Company, up 117% from $14.6 million in the same prior-year period and 5% from $30.4 million in Q1 Fiscal 2022Organigram achieved positive adjusted EBITDA of $1.6 million, two quarters ahead of the Company’s initial estimateSeptember 21 22 | Join us for Business of Cannabis: New York - a two-day expo and event highlighting cannabis retail tech, design and data as well as the emerging, new capital of cannabis: New York.https://bofc.me/bofcny2022Tune in on YouTube everyday at 10 am Eastern: https://bofc.me/youtubeVisit Business of Cannabis online:http://businessofcannabis.comTwitter: https://twitter.com/bofc_mediaLinkedIn: https://www.linkedin.com/company/businessofcannabisInstagram: https://instagram.com/businessofcannabisFacebook: https://www.facebook.com/bofcmediaSpotify: http://bofc.me/spotifyApple: http://bofc.me/applepodPodcasts Online: https://bofc.me/bofclive
What this episode covers
Cannabis Daily is a cannabis news and interview program from Business of Cannabis. We highlight the companies, brands, people and trends driving the cannabis industry. Business of Cannabis is a cannabis industry platform marrying cannabis news, video and podcast content, newsletters and online and real-world cannabis events. On today’s BofC Live segment we connect with Beena Goldenberg, CEO of Organigram. Business of Cannabis has been connecting with Goldenberg on a regular basis to hear updates on the company's quarterly financials. In terms of the latest financials from Organigram, here are some of the top line results: - Organigram achieved gross revenue of $43.9 million, up 128% from the same prior-year period and consistent with Q1 Fiscal 2022, despite the impact of seasonality - Organigram continued record growth in net revenue, reaching $31.8 million, the highest in the history of the Company, up 117% from $14.6 million in the same prior-year period and 5% from $30.4 million in Q1 Fiscal 2022 - Organigram achieved positive adjusted EBITDA of $1.6 million, two quarters ahead of the Company’s initial estimate September 21 22 | Join us for Business of Cannabis: New York - a two-day expo and event highlighting cannabis retail tech, design and data as well as the emerging, new capital of cannabis: New York. https://bofc.me/bofcny2022 Tune in on YouTube everyday at 10 am Eastern: https://bofc.me/youtube Visit Business of Cannabis online: http://businessofcannabis.com Twitter: https://twitter.com/bofc_media LinkedIn: https://www.linkedin.com/company/businessofcannabis Instagram: https://instagram.com/businessofcannabis Facebook: https://www.facebook.com/bofcmedia Spotify: http://bofc.me/spotify Apple: http://bofc.me/applepod Podcasts Online: https://bofc.me/bofclive
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Pod 445 - Cannabis Daily | Cannabis news and insights for April 25, 2022
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