News Formal

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

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

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 5. in SE

Sverige Senaste nytt, Sverige Rubriker