The cannabis sector got a boost last week when Amazon (NASDAQ: AMZN) said it backs federal legislation in the U.S. to legalize marijuana. Canadian companies with aspirations to grow in a legal U.S. market also benefited. READ MORE: https://finance.yahoo.com/m/726ffeb0-6678-3ba2-9e39-c6160641fe4f/why-sundial-growers%2C-aurora.html?.tsrc=rss
Consolidation is likely good for the burgeoning industry, but the marijuana sector remains speculative and immature. READ MORE: https://finance.yahoo.com/m/bfc20123-af0a-301e-9f00-c821e0e5ee6a/why-aphria%2C-organigram.html?.tsrc=rss
Organigram Reports Second Quarter Fiscal 2021 Results Launched 62 new stock-keeping units (SKUs) since July 2020 as part of the Company’s product portfolio revitalization; up to 31 more SKUs expected to launch by the end of Q3 2021 SHRED was the #1 most-searched brand on the Ontario Cannabis Store website for the last 5 consecutive […] READ MORE: https://www.newcannabisventures.com/organigram-q2-revenue-declines-24-sequentially-to-14-6-million/
MONCTON, New Brunswick–(BUSINESS WIRE)—- $OGI–Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc. (together, the “Company” or “Organigram”), a leading licensed producer of cannabis, announced its results for the second quarter ended February 28, 2021 (“Q2 2021”). “Although Q2 2021 results were challenged by industry dynamics, COVID-19 and staffing limitations at our facility, we believe there…
MONCTON, New Brunswick–(BUSINESS WIRE)—- $OGI–Organigram Holdings Inc. (“OGI”, TSX: OGI and NASDAQ: OGI), the parent company of Organigram Inc. (together with OGI, “Organigram” or the “Company”), a leading producer of cannabis, is pleased to announce it has acquired all of the issued and outstanding shares of The Edibles & Infusions Corporation (“EIC”) (the “EIC Acquisition”) for consideration of $22.0 million,…
MONCTON, New Brunswick–(BUSINESS WIRE)—- $OGI–Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc. (the “Company” or “Organigram”), a leading licensed producer of cannabis, announced today it will report earnings results for its second quarter Fiscal 2021 ended February 28, 2021 on Tuesday April 13, 2021 before market open. The Company will host a conference call to…
A centre of excellence focused on developing new cannabis products is planned in Moncton as part of a tobacco company’s purchase of a nearly 20 per cent stake in Organigram. Organigram announced Thursday that the centre of excellence, focused on “developing the next generation of cannabis products with an initial focus on CBD,” will be located at the company’s indoor facility in Moncton.…
MONCTON, New Brunswick–(BUSINESS WIRE)—- $OGI–Organigram Holdings Inc. (“OGI”, TSX: OGI and NASDAQ: OGI) is pleased to announce a C$221 million strategic investment from a wholly-owned subsidiary of BAT (LSE:BATS and NYSE:BTI). The BAT subsidiary has subscribed for approximately 58.3 million common shares of OGI, which represents a 19.9% equity interest1 on a post-transaction basis for total proceeds of approximately C$221…
Cannabis stocks have been on a wild ride this week starting with chatter among Reddit users that likely caused a surge across the sector. Shares of OrganiGram Holdings (NASDAQ: OGI), for example, dropped 14% early Friday morning, before reversing to a 15% gain as of 10:55 a.m. EST. Shares of Aurora Cannabis (NYSE: ACB) and HEXO (NYSE: HEXO) were also…
Shares of marijuana stocks are rising on Wednesday after recent comments from several prominent politicians regarding reform legislation. Canadian growers need federal legalization in the U.S. to be able to develop business across the border. Cory Booker of New Jersey and Ron Wyden of Oregon joined Senate Majority Leader Chuck Schumer of New York in releasing a statement this week…
Organigram Reports First Quarter Fiscal 2021 Results 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 2020 Generated positive cash flow from operations […] READ MORE: https://www.newcannabisventures.com/organigram-q1-revenue-slips-5-sequentially-to-c19-3-million/
MONCTON, New Brunswick–(BUSINESS WIRE)—- $OGI–Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc. (together, the “Company” or “Organigram”), a leading licensed producer of cannabis, announced its results for the first quarter ended November 30, 2020 (“Q1 Fiscal 2021” or “Q1 2021”). Select Key Financial Metrics (in $000s) unless otherwise indicated Q1 2021 Q1 2020 % Change…