OGRMF Stock Q2 2019
One of my favorite picks isn't looking so hot today: OrganiGram Holdings Inc (OTCMKTS:OGRMF, CVE:OGI) is down big following a disappointing Q2.
The company hit record sales in the quarter and, for the last six months, record yields per plant. The higher yields will likely increase efficiency and drive down costs, which could lead to even lower cost per gram the following quarter.
With all that positive news, how did the OGRMF stock Q2 2019 lead to such a big drop? In a word: losses.
After having a positive-revenue quarter, the company incurred losses of $4.8 million. (Source: ".
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One of my favorite picks isn't looking so hot today: OrganiGram Holdings Inc (OTCMKTS:OGRMF, CVE:OGI) is down big following a disappointing Q2.
The company hit record sales in the quarter and, for the last six months, record yields per plant. The higher yields will likely increase efficiency and drive down costs, which could lead to even lower cost per gram the following quarter.
With all that positive news, how did the OGRMF stock Q2 2019 lead to such a big drop? In a word: losses.
After having a positive-revenue quarter, the company incurred losses of $4.8 million. (Source: ".
Den vollständigen Artikel lesen ...