TORONTO (AP) — TORONTO (AP) — OrganiGram Holdings Inc. (OGI) on Tuesday reported a loss of $11.6 million in its fiscal first quarter.
The Toronto-based company said it had a loss of 14 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 10 cents per share.
The cannabis producer posted revenue of $26.8 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $28.6 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on OGI at https://www.zacks.com/ap/OGI
The Associated Press
