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Stock impact report

Organigram Reports Second Quarter Fiscal 2020 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
Net revenue of $23.2 million compared to $26.9 million in Q2 2019 and $25.2 million in Q1 2020Adult-use recreational net revenue sequentially grew 16% to $15.0 million from $12.9 million in Q1 2020Ended quarter with $41.2 million in cash and short-term investmentsFirst shipped its Rec 2.0 products with Trailblazer Torch vape cartridges in December 2019, followed by Edison Feather ready-to-go distillate vape pens and Edison Bytes, cannabis-infused chocolates, in February 2020Expect Edison PAX ERA distillate cartridges to start shipping in Q2 calendar 2020Subsequent to quarter-end, received licensing for the remainder of Phase 5, which includes a dedicated edibles and derivatives facilityAnnounced a corporate action plan intended to boost containment of the COVID-19 virus and protect the health of employees as well as maintain sufficient business continuity to meet anticipated demand for its products during this period MONCTON, New Brunswick--(BUSINESS WIRE)--Organigram Holdings Inc. Show less Read more
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