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Organigram cites Ontario's slow retail buildout in lower revenue guidance


New Brunswick-based Organigram Holdings issued a revenue guidance Monday, citing Ontario's slow cannabis retail buildout in the company's expected fourth quarter net revenue of 16.3 million Canadian dollars ($12.3 million), a substantial decline from the previous quarter's CA$24.8 million. Analysts had expected the producer to report quarterly net revenue of about CA$27 million. That prompted a downgrade from the Bank of Montreal analyst Tamy Chen to Market Perform. Organigram is scheduled to...

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