Trip Advisor

[Hunchbackgeek]

OGI~OrganiGram has over $2.23 million in sales for... the quarter on 260,291 grams of dried bud and 77,200 ml of cannabis oil sold. After adjusting for the change in fair value of inventory and biological assets, gross margin for the quarter was more than 65% and the Company generated adjusted EBITDA of $272,839 and cash flow of $510,015.

In connection to the product recalls in December 2016 and January 2017, Organigram has communicated extensively with its customers, regulators, and licensed labs regarding the issue and origin of the ingredients. The Company has taken immediate and comprehensive corrective measures within its operating and quality assurance procedures to ensure such an event does not re-occur.

http://www.marketwired.com/press-release/organigram-reports-postive-cash-flow-and-update-on-recent-events-tsx-venture-ogi-2190434.htm





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