Why Is Organigram (OGI) Stock Up 25% Today?
OGIOrganigram (OGI) Investor Place·2024-08-14 00:32

Organigram (NASDAQ:OGI) stock is rising higher on Tuesday after the Canadian cannabis company released its most recent earnings report.The big news here is the company reporting C41.06millioninrevenueforitsfiscalthirdquarteroftheyear.ThatsbetterthantheC41.06 million in revenue for its fiscal third quarter of the year. That’s better than the C39.24 million Wall Street was expecting. It’s also a 25% improvement year-over-year from C$32.8 million.According to Organigram, the jump in revenue for the quarter is mainly due to increased recreational cannabis sales. This comes as the c ...