Organigram Reports Third Quarter Fiscal 2024 Results
Organigram Holdings Inc. - Common Shares (OGI)
Last organigram holdings inc. - common shares earnings: 1/14 04:00 pm
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Source: Business Wire
Net revenue of $41.1 million increased 25% over the prior year periodAdjusted EBITDA1 of $3.5 million versus $(2.9) million over the prior year periodEstablished European foothold with a strategic investment in Sanity Group, a leading German cannabis companyCompleted landmark clinical study on FAST™ nanoemulsion technology showing faster onset, improved bioavailability of ingestible productsPro-forma cash position of $173 million2 TORONTO--(BUSINESS WIRE)--Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), (the “Company” or “Organigram”), a leading licensed producer of cannabis, announced its results for the third quarter ended June 30, 2024 (“Q3 Fiscal 2024”).THIRD QUARTER HIGHLIGHTSThird quarter net revenue increased 25% to $41.1 million compared to $32.8 million in the same prior-year periodAdjusted gross margin1 of $14.6 million or 36%, compared to $6.1 or 19% in the same prior- year periodNet income of $2.8 million, compared to a loss of $213.5 million in same prior-year perio
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News
- Organigram: Why I Still Like It [Seeking Alpha]Seeking Alpha
- Organigram Closes Second Tranche of Previously Announced BAT Private Placement InvestmentBusiness Wire
- The Top Cannabis Business Conference In The World, Benzinga Cannabis Capital Conference, Returns to Chicago With Industry Titans and Focus on Cannabis Legalization [Yahoo! Finance]Yahoo! Finance
- Organigram (OGI) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Organigram Holdings Inc. (OGI) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
OGI
Sec Filings
- 9/3/24 - Form SC
- 9/3/24 - Form 6-K
- 8/13/24 - Form 6-K
- OGI's page on the SEC website