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Cannabis company Organigram reports second-quarter loss as revenue more than doubles

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Organigram says its net loss for the quarter ended Feb. 28 amounted to $4-million compared with a loss of $66.4-million in the same period a year earlier

reported a loss in its latest quarter as its revenue more than doubled compared with a year ago.

Gross revenue in what was Organigram’s second quarter totalled $43.9-million, up from $19.3-million a year earlier. Net revenue was $31.8-million, up from $14.6-million. In its outlook, Organigram expects its third-quarter revenue to be up from its second quarter due to ongoing sales momentum, stronger market growth and its expanded product line.

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