Organigram Holdings (OGI) Reports Q4 Loss of $0.199 on Revenues of $20.4M
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Organigram Reports Fourth Quarter 2020 Results
November 30, 2020 6:00 AM ESTQ4 2020 net revenue increased 25% to $20.4 million from $16.3 million in Q4 2019 Q4 2020 gross revenue increased 32% to $25.4 million from $19.2 million in Q4 2019 Launched 40 new stock keeping units (SKUs) since July 2020, including new high THC strains, and further value segment offerings and expect to launch up to 18 more new SKUs in Q2 2021 as part of the Companys product portfolio revitalization Subsequent to quarter-end, invested an additional $2.5 million in Hyasynth Biologicals Inc. as the biotech partner completed a milestone linked to the first commercial sale of cannabinoids produced via biosynthesis Subsequent to... More
