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). Meanwhile, net loss landed just shy of CA$38.6 million ($29.7 million), which was far narrower than Q3's nearly CA$90 million ($69.3 million) but deeper than the CA$22.5 million ($17.3 million) of Q4 2019.

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Source Fool.com