ORGANIGRAM Corporate Presentation

Select Key Q1 Fiscal 2020 Financial and Operating Metrics (in 000s) unless indicated Gross revenue Q1 2020 Q1 2019 % CHANGE 28,448 14,479 96% Excise taxes (3,295) (2,040) 62% Net revenue 25,153 12,439 102% Cost of sales 15,811 3,618 337% Gross margin (GM) before FV changes to bio assets & inventories sold 9,342 8,821 6% GM before FV changes as % of net revenue 37% 71% -34% FV changes to bio assets & inventories sold 1,852 42,925 -96% Gross margin SG&A' SG&A as a % of net revenue Net income (loss) from continuing ops Adjusted EBITDA² Adjusted EBITDA as a % of net revenue² 11,194 51,746 -78% 9,418 4,528 108% 37% 36% 1% (863) 29,517 -103% 4,867 6,839 -29% 19% 55% -36% Cash cost of cultivation per gram harvested² "All-in" cost of cultivation per gram harvested² Kilograms harvested 0.61 0.56 5% 0.87 0.74 13% 12,759 8,042 59% 5,501 2,126 159% Kilograms sold-DFE equivalents³ 22 1 2 3 Sales and marketing and general and administrative expenses (excludes noncash share based compensation and impairment loss) Adjusted EBITDA, adjusted EBITDA as a % of net revenue, all-in and cash cost of cultivation are nonIFRS measure- please see Company's Q1 2020 MD&A for definition and reconciliation to IFRS. Dried flower equivalent, or DFE, is a non-IFRS measure, and is based on the conversion of oil sales to an equivalent measure at a standard rate of 9.0 mL/g for recreational oil and 4.5 mL/g for medical oil. ORGANIGRAM

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