OrganiGram Rises by Nearly 6% on Q4 Results

Eric Volkman, The Motley Fool
·2 min read
OrganiGram Rises by Nearly 6% on Q4 Results

On Monday, OrganiGram Holdings (NASDAQ: OGI) became the latest marijuana company to post its quarterly results, divulging its fiscal fourth-quarter 2020 figures. For the quarter, OrganiGram booked 20.4 million Canadian dollars ($15.7 million) in net revenue, which was up from both the third-quarter figure of CA$18 million ($13.9 million) and the year-ago result of CA$16.3 million ($12.5 million). OrganiGram's take rose largely because of its rollout of a host of new products.