Q1 Fiscal 2024 Capital Structure Review slide image

Q1 Fiscal 2024 Capital Structure Review

QUANTUM VAPE INVESTMENT IN DISRUPTIVE SHREDX VAPING TECHNOLOGY • In March of 2023, Organigram invested C$5.5M into Greentank, a vape R&D firm and hardware manufacturer COLDER VAPOUR 50% colder vapour* vs. leading ceramic based heating technology • Greentank's heating technology is the first meaningful innovation in the vape space in almost a decade. • Invented a novel heating element which replaces ceramic which will produce more consistent flavour, reduce clogging and produce smaller particle size which may increase potency • With an 18-month exclusivity period, it will transform Organigram's vape hardware line-up and enhance market position. • Commercialization began in Q2 F2024 ORGANIGRAM HER PUCKER P A LIME GO RAPPLE JU SPRED SARETX FRESHER FLAVOUR First-Puff flavour from start to finish (no ceramic burnt oil taste!) DEEPER HITS Smaller vapour particles for smoother, deeper tokes SPREDX LONGER BATTERY LIFE Less vapourizing power required = 30% longer battery life* *Based on initial lab testing vs. leading ceramic based heating technology
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