john1311 Member Level Monday, 07/12/21 06:20:53 PM Re: FUNMAN post# 6964 Post # 6968 of 6968
A LAST-DITCH bid by the Left Party and The Greens to liberate the German hemp industry has been rejected in one of the final sessions of the Bundestag before September’s Federal Elections.
However, hemp and cannabis campaigners have taken heart from the widespread political support for reform of the country’s restrictive laws.
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.