Canadian cannabis firm OrganiGram (OGI) published several company updates plus a list of new products on Mar. 24. Before this morning’s opening bell, OGI stock was trading 5.99% higher.

Growth Trajectory

According to OrganiGram, the company has occupied “the #3 market share position among Canadian licensed producers for the second month in a row.” Furthermore, the firm kept its #1 market share position in dried flower, which represents roughly half of the market in Canada.

CEO Comments: Growth

“The growth and progress we have made in a relatively short time are a testament to the great brands and products we are putting into the market, which clearly continue to resonate with consumers,” CEO Beena Goldenberg remarked.

“Additionally, we continue to reap the benefits of the strategic acquisitions of our edibles facility and the recently acquired Laurentian [a Quebec-based company purchased in Dec. 2021], which both support the strong market share growth we see today.”

New Cannabis Products

OrganigGram also announced a slew of colorfully-named new products to its roster, including Edison Kush Cakes, Edison Frozen Lemons, SHRED X Vape, Big Bag ‘O Buds Pink Cookies and more.