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OrganiGram Releases Q3 Financial Results and Provides Operational Update

Submitted by Marijuana News on Fri, 07/31/2015 - 08:45

Moncton, N.B. July 30, 2015 – OrganiGram Holdings Inc. (TSX-V: OGI) (OTC US:OGRMF) (the “Company”) is today releasing financial statements for the 9-month period ended May 31st, 2015.  The Company’s quarterly financial statements and Management’s Discussion and Analysis document are available on SEDAR.

OGI is pleased to report a profit this quarter of $119,695. Through Q3 they experienced exceptional sales and volume growth as the company further implemented both customer acquisition and retention strategies. Sales grew to $230,053 in Q3, representing an increase of 238% from the previous quarter. Grams sold during the period also experienced significant growth at 182%, for a total in excess of 31,000 grams.

The Company is on track to maintain this growth curve in Q4 with projected sales of $500,000 and in excess of 1,000 registered patients. As a result of the continued sales growth, the Company has completed four additional, 80 light, flowering rooms. It is anticipated that these new...

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New Brunswick
Canada

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URL: 
https://www.organigram.ca/2015/07/30/organigram-releases-q3-financial-results-and-provides-operational-update/

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