E Organigram Q4 Financials Show Reduced Net Loss And Improved Adjusted EBITDA

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Organigram Holdings Inc. (OGI), a constituent in the munKNEE Pure-Play Pot Stock Index, is a seed-to-sale Canadian licensed producer. It announced its Q4, 2020 financial and operating results on Monday for the period ended August 31, 2020, as follows:

Q3 Financial Highlights 

(All results are presented in Canadian dollars and compared to the previous quarter.)

  • Revenue: increased 13% to $20.4M 
  • Gross Margin: improved 43% to $(28.8)M
  • Adj. Gross Margin ($): $6.2M
  • Adj. Gross Margin (%): 30%
  • SG&A: increased 4.9% to $10.8M
  • Net Loss: reduced 60% to $(35.6)M
  • Adj. EBITDA: improved to $(2.7)M from $(24.7)M
  • Cash/Equiv.: increased 67% to $74.7M

Q4 Operational Highlights

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