Cannabis Producer Organigram Q1 Sales Jump 17%, Expect C$10 Million From Motif Integration, Annual Run-Rate Synergies Within Two Years

1. OGI reported gross sales of CA$66.8 million, a 19% increase year-over-year. 2. Net revenues increased 17% to CA$42.73 million, driven by cannabis sales and Motif integration. 3. Adjusted EBITDA rose to CA$1.4 million from CA$0.1 million last year. 4. The company aims for CA$10 million in annual synergies from Motif integration. 5. Despite a net loss of CA$22.9 million, cash position remains strong at CA$71.2 million.