RE:RE:RE:RE:RE:Shorts gonna set their pants on fireFrom Organigram Q3: MD&A For ALL of Quarter 3: EBITDA (Excluding FV Adjustment for Inventory) = $8,070 From Oranigram News Release on Nov 16: https://www.stockhouse.com/news/press-releases/2016/11/16/organigram-provides-operational-update-and-strong-financial-results The Company is also pleased to provide preliminary unaudited financial updates which highlight the continued momentum in production and sales and a fortified balance sheet. Selected highlights include:
- EBITDA2 (excluding fair value adjustments to inventory and biological assets) for the month of August, 2016 of approximately $274,000
- Cash flow from operations for the month of August, 2016 of approximately $263,000
- Over $1.0 million in net sales for the month of October
Sooo.. just looking at EBITDA (which for an industry that is not mature this is what analysts and investors must look at when making valuation) $274,000 - $8,070 (that's a large increase QoverQ)
Thank you see you all much higher tomorrow :)
Bye bye shorts
Read more at https://www.stockhouse.com/companies/bullboard?symbol=v.ogi&postid=25587778#00P0AYvpZID5JgFW.99