Organigram Q1 Net Revenue Decrease 16% Primarily Due To Reduction In International Revenue And Medical Sales
Portfolio Pulse from Benzinga Newsdesk
Organigram's Q1 net revenue decreased by 16% mainly due to a reduction in international revenue and medical sales.
February 13, 2024 | 11:02 am
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Organigram's Q1 earnings report shows a 16% decrease in net revenue, primarily driven by reduced international revenue and medical sales.
The significant decrease in net revenue reported by Organigram is a direct result of challenges in international revenue and medical sales. This negative performance in key revenue areas is likely to impact investor sentiment and could lead to a decrease in stock price in the short term.
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IMPORTANCE 90
RELEVANCE 100