With 0Gi smashing expectations and becoming the very first Canadian pot company and eyeing a buyout in March, are we in for a ride or a slide? My bets on a ride!
Organi-gram claimed a No. 3 position in the regulated Canadian adult-use marijuana market, with a leading market share in pre-milled cannabis flower and a third-place market share in gummies and hashish.
The company’s overall gross margin for the quarter was CA$23.9 million, improving from CA$14.2 million in the previous quarter.
CEO Beena Goldenberg said in a statement that achieved “the lowest cost of cultivation in the history of the company.”
“We maintained our market position and are confident our disciplined approach to operations and innovation will drive further success in the rest of the year,” Goldenberg said.
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