Organigram Holdings (OGI) Reports Q2 Loss of $0.041

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Organigram Reports Second Quarter Fiscal 2020 Results

April 14, 2020 6:00 AM EDT

Net revenue of $23.2 million compared to $26.9 million in Q2 2019 and $25.2 million in Q1 2020 Adult-use recreational net revenue sequentially grew 16% to $15.0 million from $12.9 million in Q1 2020 Ended quarter with $41.2 million in cash and short-term investments First 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 2020 Expect Edison PAX ERA distillate cartridges to start shipping in Q2 calendar 2020 Subsequent to quarter-end, received licensing for the remainder of Phase 5, which includes... More