Regulatory Compliance and Evolution: The cannabis industry is highly regulated and subject to evolving laws, which could impact operations, product development, and market access:OrganiGram faces ongoing risks associated with meeting current and future regulatory requirements at federal and provincial levels, and changes to these regulations could negatively affect their business, licensing, or product offerings.

Intense Market Competition: The Canadian cannabis market is highly competitive and saturated, potentially leading to price compression and market share erosion:OrganiGram competes against numerous licensed producers, the illicit market, and new entrants, which could lead to intense price competition, reduced profitability, and challenges in maintaining or growing market share.

Black Market Persistence: The continued presence of the illicit cannabis market presents a formidable challenge to legal sales and pricing strategies:The ability of the unregulated market to offer products at lower prices without the same tax or regulatory burdens could divert consumers from legal channels, impacting OrganiGram's sales volumes and revenue.