OrganiGram: Q1 Financials and Director Appointment

For those who care...

http://www.stockhouse.com/news/press-releases/2016/01/29/organigram-q1-financials-and-director-appointment
MONCTON, NEW BRUNSWICK--(Marketwired - Jan. 29, 2016) - OrganiGram Holdings Inc. (TSX VENTURE:OGI)(OTCQB:OGRMF) is pleased to announce its financial results for the three months ended November 30, 2015. All amounts are expressed in Canadian dollars, unless otherwise stated.

Three months ended Three months ended
November 30, 2015 August 31st, 2015
$1,029,376 Revenue $675,530
640,834 Gross profit 720,168
(201,211) Net Profit (loss) 56,926
(129,529) EBITDA (218,125)
102,699 Adjusted EBITDA (92,380)
Revenue for the three months ended November 30, 2015 was $1,029,376, representing a 52% increase over the previous quarter's revenue and resulting in a Gross profit of $640,834 or 62%. The net loss for the three months ended November 30, 2015 was $347,490.

The adjusted EBITDA for the second quarter was a positive $102,699, compared to an adjusted EBITDA loss of $92,380 in the fourth quarter of the prior fiscal year.


Read more at http://www.stockhouse.com/news/press-releases/2016/01/29/organigram-q1-financials-and-director-appointment#mpOQFx2UkHZ0SxUp.99

does not look so good on paper.....but when you consider that they basically plant a seed or clone ... grow a plant and sell it for huge margins....there must be a lot of the initial investment money being reclaimed....

so when you think a little about it ...most of these companies will be able to re-coup any of the monies that they have invested in order to start these businesses off of the back of the sick people who require this medication.... now...
so when Legal rec....market become available....none of these businesses should be saddled with accounting situations
that can take away from their bottom line.
So at that point its straight up huge profit...for investors and owners both.
Almost like it was planned that way to allow for these businesses to be successful while buying them a few years where they do not have to compete....all winners and no losers....

Depends on what their loans look like and what kind of rates they are stuck on. The economy is a rocky road at the moment. I wouldn't really bet on anything being a success long term that is so new.

But I agree cannadan, it's been setup to pick winners so far. Hopefully this shifts.