1Q24 Investor Update
ADJUSTED GROSS MARGIN
ADJUSTED
GROSS MARGIN¹
$ millions and % of
Net Revenue
1. Adjusted gross margin is a non-IFRS financial measure
not defined under IFRS and which does not have any
standardized meaning under IFRS and might not be
comparable to similar financial measures disclosed by
other issuers; please refer to the cautionary statement at
the beginning of this document and the Company's Q1
Fiscal 2024 MD&A for definitions and a reconciliation to
IFRS
ORGANIGRAM
$8.2
26%
Q2 F22
$9.3
24%
Q3 F22
$10.4
23%
Q4 F22
$12.8
30%
Q1 F23
$13.4
34%
Q2 F23
2. Q4 F'23 represents a 4-month period due to a
change in Organigram's year end. Adjusted gross
margin dollars here have been normalized to reflect
a 3-month period.
$6.1
19%
Q3 F23
$5.9
17%
Q4 F23
2
$11.2
31%
Q1 F24View entire presentation