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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
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