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Stock impact report

Organigram Reports First Quarter Fiscal 2021 Results

Organigram Holdings Inc. - Common Shares (OGI) 
Last organigram holdings inc. - common shares earnings: 1/14 04:00 pm Check Earnings Report
Company Research Source: Business Wire
Q1 2021 Canadian adult-use recreational gross and net revenue grew 42% and 30%, respectively, to $22.5 million and $16.8 million, respectively, from Q1 2020 Q1 2021 Canadian adult-use recreational gross and net revenue grew sequentially 14% and 11%, respectively, from Q4 2020Generated positive cash flow from operations of $0.3 million in Q1 2021, representing the second quarter of the last three quarters with positive cash flow from operationsEnded the quarter with $134 million1 in cash and short-term investments; on December 1, 2020, made a $55 million repayment on term loan, resulting in pro-forma cash and short-term investments of $79 million1 with $60 million owing on its term loan Subsequent to quarter-end, began increasing production and using additional existing capacity to meet increased consumer demand and capture more sales opportunities and economies of scale in the futureLaunched 53 new stock-keeping units (SKUs) since July 2020 as part of the Company’s product portfolio r Show less Read more
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