Organigram a Canadian Pot Rarity After Four Profitable Quarters
- Company still searching for a partner as valuation lags peers
- Organigram has independent board, and had early wake-up call
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With four quarters of profitability under its belt, Organigram Holdings Inc. is an anomaly in the Canadian cannabis market.
Organigram has higher margins than most of its peers and one of the lowest costs per gram in the industry even though it grows indoors, generally considered the most expensive method of production. Chief Executive Officer Greg Engel attributes this to its ability to get higher yields from its pot plants than companies that grow in greenhouses, as well as its automated packaging lines.