ORGANIGRAM HOLDINGS INC chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 0.41
Dividend & YieldN/AC$ (N/A)
Beta 1.27
Market capitalization 417.23M
Operating cash flow -24.21M
ESG Scores unknown

Company description

Organigram Holdings Inc., through its subsidiaries, produces and sells cannabis and cannabis-derived products in Canada. It offers medical cannabis products, including cannabis flowers, cannabis oils, and vaporizers for civilian patients and veterans; adult use recreational cannabis under the Edison Cannabis Co., Trail Blazer, SHRED, SHRED'ems, Big Bag O' Buds, and Monjour brands; and cannabis edibles products and concentrates. The company also engages in the wholesale shipping of cannabis plant cuttings, dried flowers, blends, pre-rolls, and cannabis derivative based products to retailers and wholesalers for adult-use recreational cannabis. It sells its products through online, as well as telephone channels. Organigram Holdings Inc. was founded in 2013 and is headquartered in Moncton, Canada.

Sector: Healthcare - Industry: Drug Manufacturers—Specialty & Generic

Financial Ratios
Quick Ratio8.06
Working Capital-0.56
Return On Equity-0.27
Debt To Equity0
Fixed Asset Ratio0.01
Fixed Interest Cover-27.36

Financial data

Financial Statements

Cashflow Statement 2019-08-31 2020-08-31 2021-08-31 2022-08-31
Change To Liabilities 10.56M -28M 2.06M
Total Cashflows From Investing Activities -46.78M -138.2M -115.11M
Net Borrowings 47.43M 64.05M -116.4M
Total Cash From Financing Activities 74.33M 160.37M 174.46M
Change To Operating Activities -13.54M 9.6M -542k
Issuance Of Stock 35.15M 101.07M 283.11M
Net Income -9.54M -136.16M -130.7M -14.28M
Change In Cash -7.51M -22.95M 30.77M
Effect Of Exchange Rate 26k
Total Cash From Operating Activities -35.08M -45.12M -28.59M
Depreciation 8.9M 17.76M 30.89M
Change To Account Receivables -13.13M 1.79M -6.01M
Other Cashflows From Financing Activities -8.24M -4.75M 7.76M
Change To Netincome 22.58M 44.04M 46.08M
Capital Expenditures -108.76M -77.22M -11.79M

Income Statement 2019-08-31 2020-08-31 2021-08-31 2022-08-31
Research Development
Income Before Tax -5.88M -146.63M -130.7M -14.28M
Net Income -9.54M -136.16M -130.7M -14.28M
Selling General Administrative 33.22M 49.25M 52.59M 59.77M
Gross Profit 48.47M -50.4M -28.4M 31.57M
Ebit 6.1M -99.64M -80.99M -28.2M
Operating Income 6.1M -99.64M -80.99M -28.2M
Interest Expense -9.67M -5.18M -2.96M
Income Tax Expense 3.63M -10.47M
Total Revenue 80.41M 86.8M 79.16M 145.81M
Cost Of Revenue 31.94M 137.19M 107.56M 114.24M
Total Other Income ExpenseNet -11.97M -46.98M -49.72M 13.92M
Net Income From Continuing Ops -9.5M -136.16M -130.7M -14.28M
Net Income Applicable To Common Shares -9.54M -136.16M -130.7M -14.28M

Balance Sheet Statement 2019-08-31 2020-08-31 2021-08-31 2022-08-31
Total Liabilities 101.52M 135.6M 74.21M 69.05M
Total Stockholder Equity 327.01M 299.53M 479.81M 508.06M
Other Current Liabilities 6.25M
Total Assets 428.52M 435.13M 554.02M 577.11M
Common Stock 318.12M 420.67M 730.8M 508.06M
Other Current Assets 140k 108k 54.73M
Retained Earnings -8.78M -144.94M -275.64M
Treasury Stock 17.66M 23.79M 24.65M
Cash 47.55M 24.6M 55.37M 98.61M
Total Current Liabilities 43.86M 29.08M 26.27M 40.94M
Other Stockholder Equity 17.66M 23.79M 24.65M
Property, Plant, and Equipment 218.47M 247.42M 235.94M 259.82M
Total Current Assets 196.28M 170.2M 260.62M 221.62M
Net Tangible Assets 324.93M 297.75M 462.76M 508.06M
Net Receivables 17.45M 16.98M 21.29M
Accounts Payable 40.35M 16.4M 18.95M 40.86M


Insider Transactions

Here are the insider transactions of stock shares related to ORGANIGRAM HOLDINGS INC:

Filer Name Transaction Text Ownership Date Filer Relation Shares
McFadden (Katrina May)I2022-09-06Senior Officer of Issuer
De Luca, PaoloAcquisition or disposition in the public market at price 1.17 per share.I2022-05-31Senior Officer of Issuer10k
Goldenberg (Beena)Acquisition or disposition in the public market at price 1.14 per share.D2022-05-25Senior Officer of Issuer5k
West, DerrickAcquisition or disposition in the public market at price 1.14 per share.D2022-05-24Senior Officer of Issuer4.04k
British American Tobacco PlcAcquisition or disposition carried out privately at price 1.89 per share.I2022-02-2810% Security Holder of Issuer2.66M

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to ORGANIGRAM HOLDINGS INC. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on ORGANIGRAM HOLDINGS INC

Here is the result of two systematic investment strategies applied to ORGANIGRAM HOLDINGS INC. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on ORGANIGRAM HOLDINGS INC

The following chart shows the equity curve of the two systematic investment strategies applied to ORGANIGRAM HOLDINGS INC:

ORGANIGRAM HOLDINGS INC automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -45.8% on the backtest period.

Performance at glance

Performance

-45.8 %

Latent gain

-687.17 C$

Invested capital

1500.29 C$

Annualized return

-11.06 %
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Momentum strategy results on ORGANIGRAM HOLDINGS INC

This is the result of two momentum investment strategies applied to ORGANIGRAM HOLDINGS INC. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on ORGANIGRAM HOLDINGS INC

The following chart shows all the entries opened by the momentum investment system on ORGANIGRAM HOLDINGS INC:

ORGANIGRAM HOLDINGS INC momentum entries
  • The first momentum investment strategy would give -37.38% of return on ORGANIGRAM HOLDINGS INC. That represents -1775.12C$ of latent gain with 4748.86C$ of employed capital.
  • The second momentum investment strategy would give -35.83% of return on ORGANIGRAM HOLDINGS INC. That represents -1343.75C$ of latent gain with 3750.77C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

-37.38 %

Latent gain

-1775.12 C$

Invested capital

4748.86 C$

Annualized return

-22.25 %
Performance at glance (2Q Momentum)

Performance

-35.83 %

Latent gain

-1343.75 C$

Invested capital

3750.77 C$

Annualized return

-9.79 %

Momentum equity curve on ORGANIGRAM HOLDINGS INC

The following chart shows the equity curve of the two momentum strategies applied to ORGANIGRAM HOLDINGS INC:

ORGANIGRAM HOLDINGS INC momentum equity

Note: the dividends potentially given by ORGANIGRAM HOLDINGS INC are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on ORGANIGRAM HOLDINGS INC

The following chart shows the employed capital evolution of the two momentum strategies on ORGANIGRAM HOLDINGS INC since the beginning:

ORGANIGRAM HOLDINGS INC

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on ORGANIGRAM HOLDINGS INC

Buy the dip entry openings on ORGANIGRAM HOLDINGS INC

ORGANIGRAM HOLDINGS INC

The performance achieved by the robo-advisor on ORGANIGRAM HOLDINGS INC is -47.62%. That represents -119.0$ of latent gain with 249.9C$ of employed capital. The following chart shows ORGANIGRAM HOLDINGS INC stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of ORGANIGRAM HOLDINGS INC, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-47.62 %

Latent gain

-119.0 C$

Invested capital

249.9 C$

Annualized return

-22.25 %

Equity curve of the strategy applied to ORGANIGRAM HOLDINGS INC

The following chart shows the result of the investment strategy applied to ORGANIGRAM HOLDINGS INC:

ORGANIGRAM HOLDINGS INC

Note: the dividends potentially given by ORGANIGRAM HOLDINGS INC are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on ORGANIGRAM HOLDINGS INC

The following chart shows the employed capital evolution since the beginning of the investment strategy on ORGANIGRAM HOLDINGS INC:

ORGANIGRAM HOLDINGS INC

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on ORGANIGRAM HOLDINGS INC

In this section, I will compare the three previous investment strategies applied to ORGANIGRAM HOLDINGS INC.

Equity curve comparison on ORGANIGRAM HOLDINGS INC

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

ORGANIGRAM HOLDINGS INC investment strategy comparison

Employed capital comparison on ORGANIGRAM HOLDINGS INC

ORGANIGRAM HOLDINGS INC investment comparison

Performance comparison on ORGANIGRAM HOLDINGS INC

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -45.8% -687.17C$ 1500.29C$ -11.06%
Momentum 1 quarter -37.38% -1775.12C$ 4748.86C$ -9.58%
Momentum 2 quarters -35.83% -1343.75C$ 3750.77C$ -9.79%
Non-directional -47.62% -119.0C$ 249.9C$ -22.25%
Annualized return comparison

Automatic investment

-11.06 %

Momentum 1Q

-9.79 %

Momentum 2Q

-9.79 %

Non-directional

-22.25 %

Correlated stocks

Here are the most positively and negatively correlated stocks with ORGANIGRAM HOLDINGS INC:

Positive correlations

Most correlated stocks this year

  • ORGANIGRAM HOLDINGS INC

  • Most correlated stocks last 3 months

  • First Trust Latin America AlphaDEX Fund
  • ORGANIGRAM HOLDINGS INC
  • BANK OF MONTREAL

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between ORGANIGRAM HOLDINGS INC and the other stocks. There may be false positives or some missing correlated stocks. If the price of ORGANIGRAM HOLDINGS INC does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name ORGANIGRAM HOLDINGS INC
    Country Canada
    City Moncton
    Address 35 English Drive
    Phone
    Website www.organigram.ca
    FullTime employees 865
    Industry Drug Manufacturers—Specialty & Generic
    Sector Healthcare
    Exchange XTSE
    Ticker OGI.XTSE
    Market

    ORGANIGRAM HOLDINGS INC ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown