Browse Article Categories

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

428 Views

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...

Rate this article
Write a comment or create a poll
0/500
No Comments Yet
Be the first to share what you think!