OrganiGram Holdings Inc logo

OrganiGram Holdings Inc(OGI)

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ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$1.1
09/25/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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Upturn Advisory & Investor View for OGI

09/25/2026: OGI (1-star) is currently NOT-A-BUY. Pass it for now.

OrganiGram Holdings Inc is a Canadian cannabis producer focused on indoor cultivation and the development of value-added products like edibles. The company is known for its high-quality standards and has bolstered its position through a strategic partnership with British American Tobacco. While this partnership provides essential capital, OrganiGram faces persistent risks, including intense price competition and a challenging regulatory environment in Canada. The company is best suited for speculative investors interested in the cannabis sector who can tolerate high volatility. Key developments to monitor include progress toward sustainable operating cash flow and the successful expansion of international export channels to mitigate domestic market saturation.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitThe company offers potential for expansion but faces significant headwinds in the current cannabis sector.
Momentum investorWeak fitStock performance is highly volatile and often lacks sustained upward momentum.
Value investorWeak fitProfitability remains inconsistent, making traditional value metrics difficult to apply.
Dividend investorWeak fitThe company does not pay dividends and prioritizes capital preservation.
Low-risk investorWeak fitThe cannabis industry entails high regulatory and market risks unsuitable for low-risk portfolios.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighThe stock is susceptible to large price swings driven by sector sentiment.
Valuation riskMedium / highMarket valuations in cannabis often decoupled from near-term fundamentals.
Competition riskHighSaturation in the Canadian market forces margin-crushing price competition.
Business qualityMediumThe business model is evolving but still relies on navigating difficult regulatory environments.
Dividend incomeLow / noneThere is no dividend income for investors.
Execution riskMedium / highAchieving consistent profitability while scaling is a significant operational challenge.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit -42.03%
Avg. Invested days 27
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 2.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/25/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
OGI receives a 3-star rating, supported by solid analyst coverage. The rating is constrained by weak unit economics, and weak price momentum.

Company Fundamentals

★★★★★
OGI has moderate overall fundamentals (3 stars), with soft financial health, moderate growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+60.9%) and solid revenue growth (+16.4%) are partially offset by soft cash generation (FCF margin -13.2%), soft profitability (net margin -9.6%).

Financial Health Rating

★★★★★
OGI's financial health is supported by moderate liquidity, including working-capital and asset support (WC/assets 28.2%). Profitability is weak (1 stars), which helps explain the 2-star overall score.

Growth Momentum Score

★★★★★
Earnings growth is OGI's strongest growth driver at +60.9% FY2025 versus FY2024 (strong, 5 stars). By comparison, revenue growth (+16.4%, solid) is also solid, while free-cash-flow growth (-1580.8%, negative) holds the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 6.5% and approximately 67.5% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 31.06% supports management-shareholder alignment.

Top 5 Institutional Investors

Tidal Investments LLC. 1.50%
Renaissance Technologies Corp 1.14%
AdvisorShares Investments, LLC 0.62%
The Goldman Sachs Group Inc 0.40%
Morgan Stanley - Brokerage Accounts 0.25%

Unit Economics (Per $1K Revenue)

★★★★★
OGI generates approximately $37 of gross profit, $-341 of operating income, and $-132 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

★★★★★
Effective Tax Rate: 35.74%

Quantitative Style Profile

★★★★★
OGI has a liquid profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedHigh VolatilitySmall / Mid Cap RiskShort Squeeze RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 158.57M USD
Price to earnings Ratio 2.56
1Y Target Price 8.8
Price to earnings Ratio 2.56
1Y Target Price 8.8
Volume (30-day avg) 542.5K shares
Beta 1.91
52 Weeks Range 0.85 - 2.24
Updated Date 09/25/2026
52 Weeks Range 0.85 - 2.24
Updated Date 09/25/2026
Dividends yield (FY) -
Basic EPS (TTM) 0.43

How Company Makes Money

Business areaWhat it includesRetail investor read
Recreational CannabisDried flower, pre-rolls, and vaporizable products sold to provincial boards.This is the primary revenue driver, dependent on consumer demand and provincial retail network performance.
Cannabis DerivativesGummies, chocolates, and other infused products.These products typically carry higher margins and are key to brand differentiation.
International ExportsSales of cannabis products to international medical markets.This represents an optionality play for future growth outside of the saturated Canadian market.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

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Valuation

Trailing PE 2.56
Forward PE 15.67
Enterprise Value 175.37M
Price to Sales(TTM) 0.51
Enterprise Value 175.37M
Price to Sales(TTM) 0.51
Enterprise Value to Revenue 0.8
Enterprise Value to EBITDA 13.37
Shares Outstanding 144.15M
Shares Floating 97.33M
Shares Outstanding 144.15M
Shares Floating 97.33M
Percent Insiders 31.06
Percent Institutions 6.54

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Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About OrganiGram Holdings Inc

Exchange NASDAQ
Headquarters Toronto, ON, Canada
IPO Launch date 2014-08-27
CEO & Director Mr. James H. Yamanaka
Sector Healthcare
Industry Drug Manufacturers - Specialty & Generic
Full time employees 1139
Full time employees 1139

Organigram Global Inc. engages in the production and sale of cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including whole flower, milled flower, pre-rolls, infused pre-rolls, vapes, beverages, gummies, and concentrates; and adult use recreational cannabis under the SHRED, Big Bag O' Buds, Monjour, Trailblazer, SHRED'ems, Edison Cannabis Co., Boxhot, Edison JOLTS, Wola, Rizzlers, DEBUNK, Tremblant, and Laurentian brands. The company also engages in the wholesale shipping of cannabis plant cuttings and dried flowers to other licensed producers. It sells cannabis products to wholesale and retail channels in the recreational and medical cannabis regimes, as well as through online. Organigram Global Inc. was formerly known as Organigram Holdings Inc. and changed its name to Organigram Global Inc. in March 2025. The company is headquartered in Toronto, Canada.