28.01.2019, 20:08
Organigram stock rises after marijuana producer grows revenue by 419%
Cannabis producer Organigram Holdings Inc. (USA OGI, +12.35% ,Kanada OGRMF, +12.09%) shares surged 12% in midday trading Monday after the company reported fiscal first-quarter earnings. The Moncton, New Brunswick-based company reported fiscal first-quarter net income of C$29.5 million, or C$0.195 a share, compared with losses of C$1.4 million, or C$0.002 a share, in the year-ago period. Revenue adjusted for excise taxes and returns rose 419% to C$12.4 million from C$2.4 million in the year-ago period.
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https://www.marketwatch.com/story/organi...2019-01-28
Cannabis producer Organigram Holdings Inc. (USA OGI, +12.35% ,Kanada OGRMF, +12.09%) shares surged 12% in midday trading Monday after the company reported fiscal first-quarter earnings. The Moncton, New Brunswick-based company reported fiscal first-quarter net income of C$29.5 million, or C$0.195 a share, compared with losses of C$1.4 million, or C$0.002 a share, in the year-ago period. Revenue adjusted for excise taxes and returns rose 419% to C$12.4 million from C$2.4 million in the year-ago period.
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https://www.marketwatch.com/story/organi...2019-01-28
![[Bild: OGId072747507i.png]](https://finviz.com/publish/031121/OGId072747507i.png)