Organigram Global Inc (TSX:OGI)

Q2 2026 Organigram Global Inc Earnings Call Transcript

May 12, 2026 / 12:00 PM GMT

Release Date Price: C$1.54 (-14.44%)

Transcript

Key Points

Positve

Organigram Global Inc (OGI) gained 2.2 share points year-over-year in the flower segment, driven by strong performance from key cultivars and new product launches.
The company remains the number one licensed producer in Canada by market share in Q2, maintaining leadership positions in key markets such as Ontario, British Columbia, and Alberta.
Organigram Global Inc (OGI) completed the acquisition of Sanity Group, marking a significant milestone and expanding its presence in the world's two largest federally legal cannabis markets, Canada and Germany.
The company achieved a record quarterly harvest of over 32,000 kilograms, supported by yield improvements and advancements in genetics programs.
Organigram Global Inc (OGI) expects a stronger back half of the year, supported by revenue growth, margin expansion, and the financial contributions of Sanity Group.

Negative

Q2 was a challenging quarter with a decline in net revenue by about 9% year-over-year, primarily due to share erosion in vapes and infused pre-rolls.
Operational issues temporarily impacted performance in vapes and infused pre-rolls, leading to lower repurchase rates and share loss.
The adjusted gross margin for the quarter declined by 16% compared to the prior-year period, driven by a higher proportion of value products and higher returns.
The company faced challenges with out-of-spec international flower, impacting international growth and resulting in missed sales opportunities.
Net loss for the quarter was $0.9 million compared to net income of $42.5 million in the prior year period, primarily due to lower fair value gains and an impairment on the hemp-derived products business.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

OGI.TO - Organigram Global Inc
Q2 2026 Organigram Global Inc Earnings Call
May 12, 2026 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning. My name is Ed, and I'll be your conference operator today.

At this time, I would like to welcome everyone to the Organogram Global Second Quarter Fiscal 2026 Earnings Conference Call.

After the speaker's prepared remarks, there'll be a question-and-answer session. Please limit yourself to one question and one follow-up. You may re-queue for additional questions.

Thank you.

I'll now turn the call over to Max Schwartz, Director of Investor Relations.

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Unidentified_2 [2]
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Thank you very much, and good

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