Will all Canadian cannabis boats be lifted by OGI's revenue beat? --->>> OrganiGram stock gains 6% on revenue beat amid higher recreational cannabis sales --->>> The news is significant because the highlight is "higher adult-rec-use!!!! That may be a trend seen across the whole industry because of fewer Coronavirus restrictions during the quarter, and more overall store openings.
FYI, OGI isn't one of the bell-weather cannabis companies. It's not the dog that wags the tail. It's the tail that follows. That could be a great indicator.
"My-fingers-are-crossed". - FUNMAN
Q3 net revenue grew 39% Q/Q to $20.3M and 13% Y/Y, primarily due to higher adult-use recreational net revenue of $16.8M, up 10% Y/Y and 40% sequentially, and higher wholesale revenue.
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