Geometry Dash APK Hill Climb Racing APK
36.2 F
New York
Sunday, January 16, 2022

Organigram Holdings (NASDAQ:OGI) Makes Another Attempt Top Rebound

Must read

88 Energy Limited Ltd (EEENF) Update: Continues Climbing on Significant Volume

Investors who might be looking for stocks that have made considerable gains in recent weeks could consider having a closer look at...

Victory Resources Corporation (OTCMKTS:VRCFF) Stock Rockets After Announcing A New Acquisition

Nowadays, lithium is in huge demand across several industries and hence, it the rally in the Victory Resources Corporation (OTCMKTS:VRCFF) stock the...

Healthier Choices Management Corp (OTCMKTS:HCMC) Heats Up: WallStreetBets at it Again

At the mid-point of the trading week, it is often prundent for investors to take stock of the market and take a...

Is Enzolytics Inc (OTCMKTS:ENZC) Making All The Right Moves in 2021

When a stock makes massive gains over a reasonable period of time, then it is necessary for investors to perhaps looking into...

The cannabis sector has been going through a tough period for quite some time, and many of the prominent stocks have recorded sharp declines in recent days. However, there is one cannabis stock that has stood out from the crowd, and that is the Organigram Holdings’ (TSX:OGI) (NASDAQ:OGI) stock.

While the OrganiGram stock has also suffered declines, the company has enough going on to suggest that a recovery could be in the offing. Hence, it is important for investors to take a closer look at the stock. The numbers delivered by the company in the fiscal first quarter this year are encouraging.

Stable Earnings

OrganiGram generated revenues of C$25.2 million in the quarter, and that beat analysts’ revenue estimates of C$19.6 million comfortably. In the year-ago period, the company generated revenues of C$12.4 million, and hence, OrganiGram managed to grow its revenues by as much as 103.2% year on year.

On the other hand, OrganiGram has also managed to improve its gross margins significantly in a year. The gross margins turned from negative C$11.1 million to positive in the latest reported quarter. That is another development that should be cause for optimism among investors.

On the other hand, it should also be noted that the company delivered these numbers at a time when the cannabis market has been in the middle of a downturn. In addition to that, OrganiGram has also entered the cannabis derivatives market in a big way. The company has already sent its first shipment of Edison vape pens, and this particular segment could eventually turn out to be a major revenue generator for the company.

 It has become clear that despite the struggles in the cannabis sector, OrganiGram has managed to keep its growth story going, and that is possibly one of the most important takeaways from the company’s latest financial performance. Investors could track this company over the course of the coming weeks. Sign-up for continuing coverage on shares of $OGI stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $OGI, either long or short, and we have not been compensated for this article.

Latest article

iQSTEL Inc (OTCMKTS:IQST) Stock Makes a Big Move: Jumps 45% In a Week

In the past week, iQSTEL Inc (OTCMKTS: IQST) has emerged as a point of focus among a large number of investors and...

HUMBL Inc (OTCMKTS:HMBL) Stock Sees Big Bounce After Recent Slump

Since the beginning of 2021, HUMBL Inc (OTCMKTS:HMBL) had been one of the major movers from among penny stocks and had come into...

Dividend Stocks to Buy Now

A classic mistake that investors make when looking for dividend stocks is to just go for the biggest dividend yield. It makes...

88 Energy Ltd (OTCMKTS:EEENF) Stock Surges 40% But Can’t Hold Gains

The oil and gas company 88 Energy Ltd (OTCMKTS:EEENF) seems to have come back on to the radars of investors over the...

Net Savings Link Inc (OTCMKTS:NSAV) Stock is Getting Pummeled Again

Nowadays there are plenty of options for investors when it comes to making investments in the cryptocurrency and...
Şehirler arası nakliyat ve Şehirler arası taşımacılık konusunda en uygun fiyatlar ve en kaliteli hizmet.
ofis taşıma firmaları ve ofis taşıma konusunda en uygun fiyatlar ve en kaliteli hizmet. Affordable best sms verification service