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Organigram's significant revenue increase suggests strong market demand and operational growth potential, benefiting investors. Historically, substantial revenue growth has often led to positive stock performance in the cannabis sector.
What happened, with direct paths to the underlying reporting
Organigram's Q3 sales hit $51.14 million, up 72% year-over-year. Recreational cannabis sales contributed $59.92 million to revenue. Adjusted gross margin expected to improve towards 40% in 2026. Management anticipates sustained profitability and free cash flow soon. Stock down 5.03% to $1.510 during premarket trading.
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