Organigram's First Quarter Earnings Report Fires Up Wall Street
Organigram (NASDAQ: OGI) reported fiscal first-quarter results after the bell on Tuesday that exceeded Wall Street's expectations. In addition to better-than-expected sales, the Canadian cannabis producer reported positive cash flows on an adjusted basis.
Organigram has just one cultivation and processing facility in New Brunswick, but it's generating revenue that grew 102% year over year to CA$25.2 million. That was CA$10.2 million more revenue than the average analyst had expected.
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Source Fool.com
