Organigram


 

Release Date Period End EPS /  Forecast Revenue /  Forecast
Apr 24, 2017 02/2017 /  — /  —
Jan 27, 2017 11/2016 -0.01 /  — 2.23M /  —
Dec 13, 2016 08/2016 0.01 /  — 1.87M /  —
Jul 28, 2016 05/2016 0.01 /  — 1.81M /  —
Apr 25, 2016 02/2016 /  — 1.43M /  —
Dec 17, 2015 08/2015 /  — 675.5K /  —

Income Statement Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016
Total Revenue 2.23 1.87 1.81 1.43
Gross Profit 1.45 1.07 0.89 0.78
Operating Income -0.76 0.62 0.37 0.06
Net Income -0.76 0.62 0.37 0.06

Balance Sheet Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016
Total Assets 57.08 53.87 21.56 20.63
Total Liabilities 6.85 9.61 9.89 9.41
Total Equity 50.23 44.26 11.67 11.22

Cash Flow Nov 30, 2016 Aug 31, 2016 May 31, 2016 Feb 29, 2016
Period Length: 3 Months 12 Months 9 Months 6 Months
Cash From Operating Activities 0.88 -1.77 -1.32 -1.69
Cash From Investing Activities -10.81 -27.15 -3.93 -4.69
Cash From Financing Activities 1.89 37.31 5.7 5.89
Net Change in Cash -8.03 8.38 0.46 -0.48

* In Millions of CAD (except for per share items)


Price Target 2017 : $3.75         Analyst Consensus : BUY         Market Sentiment : Semi-Bullish


About OrganiGram

 

OrganiGram is a licensed producer of medical marijuana, operating from Moncton, New Brunswick. It received its initial license in April 2014, and began shipments in September 2014. The Company is working on a fully funded build-out to annual capacity of 17,000 kg by December 2017, and an eventual annual capacity target of 26,000 kg by spring 2018. OrganiGram is licensed to ship to both retail customers and other LPs. The Company is one of only two licensed producers based in Atlantic Canada, and is one of only three organic producers of medical marijuana and cannabis oil in Canada.


Production:

The Company’s main facility (35 English Drive) is currently licensed for annual production of 1,500 kg of dried cannabis (with sales up to 1,200 kg), and 500 kg of cannabis oil. In October 2016, the Company acquired an adjoining 10-acre property (320 Edinburgh Drive), which included a 136,000-square foot building.


Trailer Park Boys as Branding Partner:

In November 2016, the Company announced its selection as the exclusive cannabis producer, partner and brand developer for Trailer Park Boys. The agreement is for an initial five-year term, and includes a combination of cash, royalties and non-monetary compensation. OrganiGram is to work with TPB Productions to develop a product portfolio and branding to target the recreational market in Canada.


Downstream Expansion with US Partner:

In September 2016, OrganiGram entered an exclusive development and distribution agreement with TGS International, an affiliate of The Green Solution. TGS is to provide consulting services on OrganiGram’s development of an extract production facility in Canada, as well as provide an exclusive license to 225 unique cannabis products in Canada. The Green Solution operates a 300,000-square foot production/processing facility, as well as 13 medicinal and/or adult-use retail locations in Colorado, with another two facilities in Illinois.


Source : Echelon wealth partners report