Organigram Holdings (TSX.V: OGI) (NASDAQ: OGI), the parent
company of Organigram Inc., a leading licensed producer of cannabis, recently
received coverage in a Bloomberg article discussing OGI’s
financial results for the last four quarters (http://ibn.fm/BUMhB). An article further discussing the
company reads, “Organigram’s Q3 and fiscal year-to-date results represent some
of the strongest operating and financial metrics amongst Canadian licensed
producers. With one of the lowest cultivation costs per gram and continued
discipline on selling, general and administrative expenses, Organigram’s
results place it in the top tier of the Canadian industry. . . . As per
the Bloomberg article, Organigram’s sustainable profitability
is an outlier due to the fact that the industry has been experiencing some
negative developments. Regulatory measures have been undertaken in Canada
against some of the cultivators to ensure compliance. Other firms have been
registering lower than expected sales, significant negative-adjusted EBITDA and
shrinking margins in recent quarters.”
To view the full article, visit http://ibn.fm/Xes7D
About Organigram Holdings Inc.
Organigram Holdings is a TSX Venture Exchange and NASDAQ
Global Select-listed company whose wholly owned subsidiary, Organigram Inc., is
a licensed producer of cannabis and cannabis-derived products in Canada.
Organigram is focused on producing the highest-quality, indoor-grown cannabis
for patients and adult-recreational consumers in Canada, as well as developing
international business partnerships to extend the company’s global footprint.
Organigram has also developed a portfolio of legal adult-use recreational
cannabis brands including the Edison Cannabis Company, Ankr Organics, Trailer
Park Buds and Trailblazer. Organigram’s primary facility is located in Moncton,
New Brunswick, and the company is regulated by the Cannabis Act and the
Cannabis Regulations (Canada). For more information, visit the company’s
website at www.Investors.Organigram.ca.
NOTE TO INVESTORS: The latest news and updates
relating to OGI are available in the company’s newsroom at http://ibn.fm/OGRMF
About QualityStocksNewsBreaks
QualityStocksNewsBreaks provide
a rapid summary of corporate news that catch the attention of QualityStocks.
QualityStocksBreaks are designed to keep investors up to date on important and
breaking news in the small-cap and micro-cap markets. Spanning all industries,
including energy, entertainment, telecommunications, healthcare, retail and more,
these news breaks deliver opportunities the investment community may have
missed. Whether it is earnings results, mergers and acquisitions, or any other
market-moving news, our news breaks keep you in the know. QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment