Organigram Holdings (OGI) Reports Q3 Loss of $0.51
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Organigram Reports Third Quarter Fiscal 2020 Results
July 21, 2020 6:00 AM EDTNet revenue of $18.0 million compared to $24.8 million in Q3 2019 Generated positive cash flow from operations of $8.5 million as a result of monetization and optimization of working capital and ended the quarter with cash and short-term investments of $44.8 million Subsequent to quarter-end, raised $17.9 million in gross proceeds to complete the at-the-market (ATM) equity program and drew remaining $30 million on its existing term loan with only modest remaining expansion capex of $4 million as at quarter-end based on current plans Launched Organigrams first value offering of dried flower in... More
