Organigram Q2 Fiscal 2022 Revenue Grows 117% YoY Primaraly Beacuse Of This

Organigram Holdings Inc. (NASDAQ: OGI) (TSX:OGI), the parent company of Organigram Inc., released its results for the second quarter ended February 28, 2022.

Key Financial Results for the Q2 Fiscal

  • Compared to the prior year, net revenue increased 117% to CA$31.8 million ($24.45 million), from CA$14.6 million in Q2 Fiscal 2021. The increase was primarily due to an increase in adult-use recreational revenue and international revenue, partly offset by lower average net selling price due to product mix and a decrease in revenue.

  • Gross margin before fair value changes to biological assets, inventories sold, and other charges improved to CA$6.9 million from negative CA$16.5 million in Q2 Fiscal 2021 largely due to higher net revenue …

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