RE:RE:RE:RE:RE:Stock priceBrokerG wrote: Organigram is NOT profitable - Net income for the quarter ended Sept 30th was negative - 5M and for the year it was negative -45M.
Auxly was NOT profitable for the year ended 2023-12-31 however did show a small profit the last tow quarters. I will give you that one.
I mentioned HITI in my previous post. Their year end was NOT profitable but the last quarter was.
In other words the majority of Cannabis companies are not profitable with a few showing a first time quarterly profit.
The point is WHY is Canopy getting hammered while the Majority of other similar companies are up nicely today. Curaleaf and Verano are up 10% and 7.5% respectively.
All I can say is I hope Canopy is not looking at making another ridiculous acquisition
Organigram Reports Fourth Quarter and Fiscal 2024 Results -- Fiscal 2024 net revenue of $159.8 million -- 17.6% year-over-year growth in Organigram's recreational shipped sales in Fiscal 2024 -- Q4 Fiscal 2024 adjusted gross margin1 of 37% -- Q4 Fiscal 2024 adjusted EBITDA2 of $5.9 million or 13% of net revenue -- Q4 Fiscal 2024 cash flow from operations of $8.9 million -- Became Canada's largest cannabis company by market share following the acquisition of Motif Labs subsequent to year end