Fire & Flower Holdings Corp (FAF)

[FUNMAN]

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 that retail stores will also post higher revenues.

The ER FFLWF last posted included an 18% uptick in YOY comparisons for stores open at least 12 months.

If OGI's revenue beat is an accurate indicator of the overall adult-rec-use industry trend, it may ultimately be very good news for FFLWF.

"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.


https://investors.organigram.ca/organigram-reports-third-quarter-fiscal-2021-results