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

Malaysia News News

Cannabis company Organigram reports second-quarter loss as revenue more than doubles
Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 92%

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

globeandmail /  🏆 5. in MY
 

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines



Render Time: 2025-01-12 23:10:43