OrganiGram Holdings Inc (OGI)

[GMason]

From earnings: “Q3 2020 negative adjusted EBITDA of $24.7 million compared to Q3 2019 adjusted EBITDA of $7.7 million.”

“Q3 2020 net loss of $89.9 million, or $(0.51) per share on a diluted basis, compared to Q3 2019 net loss of $10.2 million, or $(0.07) per share, largely due to greater negative gross margin in Q3 2020 as described above as well as $37.7 million in impairment charges for property, plant and equipment in Q3 2020 ($0 in Q3 2019).”

“sales returns and price adjustments on slow-moving aged product of $3.0 million was recognised during Q3 2020.”

“Cost of Sales:
Q3 2020 cost of sales of $44.4 million compared to Q3 2019 cost of sales of $12.5 million.”

These numbers are terrible .51 loss per share not good.