Organigram Holdings (OGI) Reports Q1 Loss of $0.17 on Revenues of $19.3M
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Organigram Reports First Quarter Fiscal 2021 Results
January 12, 2021 6:00 AM ESTQ1 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 of $0.3 million in Q1 2021, representing the second quarter of the last three quarters with positive cash flow from operations Ended the quarter with $134 million1 in cash and short-term investments; on December 1, 2020, made a $55 million repayment on term loan, resulting in pro-forma cash and short-term investments of $79 million1 with $60 million owing on its... More
