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john1311

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john1311

Re: Hunchbackgeek post# 10971

Wednesday, 04/13/2022 3:42:15 AM

Wednesday, April 13, 2022 3:42:15 AM

Post# of 11304
Thanks, Hunch...

Lovely to wake up to some good news in this troubled world:

Canadian cannabis company Organigram Holdings (NASDAQ:OGI) saw its fiscal Q1 2022 net loss narrow 94% year-over-year thanks to a 117% increase in net revenue.

Shares are up 10%.

In fiscal Q1 2021, net loss was ~$66.4M. In FQ1 2022, that dropped to a loss of ~$4M.
Net revenue in FQ1 was ~31.8M.

The company also noted that it achieved an 8.2% market share in February, making it the No. 3 among Canadian licensed producers.

Organigram (OGI) ended FQ1 (ended Feb. 28, 2022) with $150.7M in cash.
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