OrganiGram Holdings (TSE:OGI) has released an update.
Organigram Holdings Inc. has expressed strong support for the Standing Committee on Finance’s recommendation to adjust the cannabis excise duty to a 10% ad valorem rate. This change is deemed critical for the sustainability of the Canadian cannabis industry, as the current excise duty of up to 35% of revenue undermines competitiveness and growth. The company is optimistic that adopting these reforms will reinforce Canada’s leadership in the global cannabis market.
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