1Q24 Investor Update
LONG-TERM STRATEGY
Organigram has strategically deployed capital to fuel automation, production efficiency, and product consistency
needed to attract and retain international distribution partners
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Production and packaging lines for gummies, milled flower,
and pre-rolls are now highly automated
Conversion of portion of grow rooms to seed-based
production in F2024 drives product consistency and further
cost savings
$124.6M follow-on investment from BAT to fund
international and strategic growth initiatives²
$18.9M in international sales in F2023 (Australia & Israel).
German shipments commenced in January 2024, and UK
shipments expected to commence within the coming
months.
1. British American Tobacco p.l.c., ("BAT") strategic investor in
Organigram.
2. Announced on November 6, 2023.
Leverage our brands, product portfolio and culture of innovation to:
ORGANIGRAM
EFFICIENCY
Deliver long-term
shareholder value
EXPANSION
Reach
new markets
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