OrganiGram's stock turns lower after surprise loss, but revenue soars 7-fold [MarketWatch]
Organigram Holdings Inc. - Common Shares (OGI)
Last organigram holdings inc. - common shares earnings: 1/14 04:00 pm
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Source: MarketWatch
OrganiGram's stock turns lower after surprise loss, but revenue soars 7-fold The U.S.-listed shares of OrganiGram Holdings Inc. OGI, -7.17% turned lower in premarket trading Monday, to a loss of 6.0% after being up as much as 2.4% earlier, after the Canada-based cannabis company reported a 7-fold increase in fiscal third-quarter net revenue but swung to a surprise loss amid fair value changes to biological assets in inventory. The company reported a net loss of C$10.2 million ($7.8 million), or 7 cents a share, after a profit of C$2.8 million, or 3 cents a share, in the year-ago period. Gross revenue increased nearly 9-fold to C$30.4 million, while net revenue including excise taxes rose to C$24.75 million ($19.0 million) from C$3.4 million. The FactSet consensus was for a profit of 3 cents and revenue of C$29.7 million. Cash and all-in-costs of cultivation increased to C$0.95 and C$1.29 per gram of dried flower, respectively, from C$0.65 and C$0.95 per gram in the sequential secon
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News
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- 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
OGI
Sec Filings
- 9/3/24 - Form SC
- 9/3/24 - Form 6-K
- OGI's page on the SEC website