OrganiGram Holdings Inc. (NASDAQ: OGI) CEO Gregory Engel: “Expanding Profit Margins with Product Line Innovation and Automation”
“...We continue to see dried flower and pre-rolls as the two largest categories in the Canadian rec market. And based on US legal state data, we believe they will continue to dominate the foreseeable future even as alternative product forms gain traction.”
“We continue to leverage our indoor facility and our unique three-tiered cultivation rooms. Every Edison strain benefits from being grown in one of these data-backed strain-specific grow rooms with bespoke microclimates, designed to offer a distinct flavor and aroma profile and to ensure consistent quality. Variables such as humidity, temperature and light are customized to optimize the growth, cannabinoid and terpene profile of each strain….Opportunity to scale up new genetics require a patient and deliberate process where cultivation protocols are trialed for each cultivar and adjusted through multiple grow rooms before full roll out to multiple rooms in our facility.”
“In addition to revenue upside beyond fiscal Q2, we've identified a number of opportunities which have the potential to greatly enhance gross margins...A greater proportion of our portfolio is being dedicated to higher volume SKUs, such as multipack pre-rolls and 1g vape cartridges, which attract higher margins. We continue to invest in automation to drive cost efficiencies and reduce dependence on manual labor…”
OrganiGram (NASDAQ: OGI) Earnings Call Highlights: http://bit.ly/3cU4GEP
| House Positions for C:OGI from 20210301 to 20210301 |
| House | Bought | $Val | Ave | Sold | $Val | Ave | Net | $Net |
|---|---|---|---|---|---|---|---|---|
| 79 CIBC | 1,335,696 | 5,308,536 | 3.974 | 1,122,160 | 4,449,401 | 3.965 | 213,536 | -859,135 |
| 1 Anonymous | 795,499 | 3,163,536 | 3.977 | 762,885 | 3,024,168 | 3.964 | 32,614 | -139,368 |
| 2 RBC | 75,633 | 301,373 | 3.985 | 45,826 | 183,376 | 4.002 | 29,807 | -117,997 |
| 85 Scotia | 95,736 | 381,024 | 3.98 | 69,930 | 279,316 | 3.994 | 25,806 | -101,708 |
| 80 National Bank | 87,335 | 346,905 | 3.972 | 77,010 | 306,651 | 3.982 | 10,325 | -40,254 |
| 57 Interactive | 10,300 | 41,180 | 3.998 | 80 | 322 | 4.025 | 10,220 | -40,858 |
| 124 Questrade | 43,856 | 173,878 | 3.965 | 35,726 | 143,774 | 4.024 | 8,130 | -30,104 |
| 19 Desjardins | 21,000 | 83,756 | 3.988 | 15,485 | 61,826 | 3.993 | 5,515 | -21,930 |
| 33 Canaccord | 9,900 | 38,651 | 3.904 | 4,900 | 19,277 | 3.934 | 5,000 | -19,374 |
| 56 Edward Jones | 1,000 | 4,050 | 4.05 | 0 | 1,000 | -4,050 | ||
| 36 Latimer | 6,137 | 24,297 | 3.959 | 5,562 | 22,131 | 3.979 | 575 | -2,166 |
| 89 Raymond James | 500 | 1,995 | 3.99 | 0 | 500 | -1,995 | ||
| 28 BBS | 2 | 8 | 4.00 | 0 | 2 | -8 | ||
| 143 Pershing | 2,860 | 11,542 | 4.036 | 3,350 | 13,218 | 3.946 | -490 | 1,676 |
| 13 Instinet | 460 | 1,843 | 4.007 | 2,800 | 11,004 | 3.93 | -2,340 | 9,161 |
| 212 Virtu | 33,485 | 132,560 | 3.959 | 36,257 | 144,611 | 3.988 | -2,772 | 12,051 |
| 88 Credential | 31,585 | 125,614 | 3.977 | 42,450 | 171,043 | 4.029 | -10,865 | 45,429 |
| 53 Morgan Stanley | 71,266 | 282,730 | 3.967 | 96,034 | 381,860 | 3.976 | -24,768 | 99,130 |
| 39 Merrill Lynch | 79,700 | 314,297 | 3.944 | 115,000 | 456,807 | 3.972 | -35,300 | 142,510 |
| 9 BMO Nesbitt | 64,216 | 252,917 | 3.939 | 119,831 | 478,035 | 3.989 | -55,615 | 225,118 |
| 7 TD Sec | 640,223 | 2,545,949 | 3.977 | 723,014 | 2,883,294 | 3.988 | -82,791 | 337,345 |
| 72 Credit Suisse | 0 | 128,089 | 506,531 | 3.955 | -128,089 | 506,531 | ||
| TOTAL | 3,406,389 | 13,536,641 | 3.974 | 3,406,389 | 13,536,645 | 3.974 | 0 | 4 |
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