RE:RE:Organigram Conducts $60.1 Million Underwritten Financing OUCH, just when I was having hopes for a good quarterly report. This certainly dashes my hopes, I am certainly no exert but this report out just before the quarterly announcement does not sound like a good thing.
I take it that it means we bleed more cash this quarter and the sales or income could not keep us afloat for another quarter. Halting the building completion and laying off 250 employees obviously didnt do the trick.
Just venting some of my disappointment, but I guess it is much better than a reverse split.
best of fortune to all.