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BRIEF-Organigram Reports Fourth Quarter Fiscal 2021 Results

reuters · Nov 23, 2021 09:32

Nov 23 (Reuters) - OrganiGram Holdings Inc OGI.TO :

* ORGANIGRAM REPORTS FOURTH QUARTER FISCAL 2021 RESULTS

* QTRLY GROSS REVENUE $36.2 MILLION, UP 43%

* QTRLY NET LOSS $26.0 MILLION VERSUS $38.6 MILLION

* EXPECTS Q1 FISCAL 2022 REVENUE TO BE HIGHER THAN Q4 FISCAL 2021

* EXPECTS Q1 FISCAL 2022 REVENUE TO BE HIGHER DUE TO STRONGER FORECASTED MARKET AND NUMBER OF RETAIL STORES CONTINUES TO GROW

* Q4 REVENUE VIEW C$23.2 MILLION -- REFINITIV IBES DATA

* RESUMPTION OF SHIPMENTS TO CANNDOC IN ISRAEL EXPECTED TO GENERATE HIGHER SEQUENTIAL REVENUE IN Q1 FY22 COMPARED TO Q4 FY21

Source text for Eikon: ID:nBwryNWya Further company coverage: OGI.TO

((Reuters.Briefs@thomsonreuters.com;))

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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In the U.S., investment products and services available through the moomoo app are offered by Moomoo Financial Inc., a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC) and a member of Financial Industry Regulatory Authority (FINRA)/Securities Investor Protection Corporation (SIPC).

In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial Singapore Pte. Ltd. is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.

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In Malaysia, investment products and services available through the moomoo app are offered through Futu Malaysia Sdn. Bhd. ("Moomoo MY")regulated by the Securities Commission of Malaysia (SC). Futu Malaysia Sdn. Bhd. is a Capital Markets Services Licence (License No. eCMSL/A0397/2024) holder. This advertisement has not been reviewed by the SC.

Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd.，Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc., and Futu Malaysia Sdn. Bhd. are affiliated companies.

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The moomoo app is an online trading platform offered by Moomoo Technologies Inc. Securities, brokerage products and related services available through the moomoo app are offered by including but not limited to the following brokerage firms: Moomoo Financial Inc. regulated by the U.S. Securities and Exchange Commission (SEC), Moomoo Financial Singapore Pte. Ltd. regulated by the Monetary Authority of Singapore (MAS), Futu Securities International (Hong Kong) Limited regulated by the Securities and Futures Commission of Hong Kong (SFC), Moomoo Financial Canada Inc. regulated by the Canadian Investment Regulatory Organization (CIRO) and Futu Securities (Australia) Ltd regulated by the Australian Securities and Investments Commission (ASIC).

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