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Organigram (OGI) Reports Q4 2020 Results

Organigram (OGI) Reports Q4 2020 Results

Organigram (OGI) just reported its Q4 2020 results and here are the key highlights from the earnings call:

  • Q4 2020 net revenue increased 25% to $20.4 million from $16.3 million in Q4 2019
  • Q4 2020 gross revenue increased 32% to $25.4 million from $19.2 million in Q4 2019
  • Launched 40 new stock keeping units (“SKUs”) since July 2020, including new high THC strains, and further value segment offerings and expect to launch up to 18 more new SKUs in Q2 2021 as part of the Company’s product portfolio revitalization
  • Subsequent to quarter-end, invested an additional $2.5 million in Hyasynth Biologicals Inc. as the biotech partner completed a milestone linked to the first commercial sale of cannabinoids produced via biosynthesis
  • Subsequent to quarter-end, raised ~$69 million in gross proceeds from an underwritten public offering including the exercise in full of the over-allotment option

Full Investor Presentation (Updated 11.29.20)

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Symbol Name Last Price Change % Change


Organigram (OGI) Reports Q4 2020 Results


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