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BRIEF-Organigram Holdings Q1 Net Sales From Continuing Operations $12.4 Mln

Published 2019-01-28, 06:58 a/m
© Reuters.  BRIEF-Organigram Holdings Q1 Net Sales From Continuing Operations $12.4 Mln
OGI
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Jan 28 (Reuters) - OrganiGram Holdings Inc OGI.V :

* ORGANIGRAM HOLDINGS- NET SALES FROM CONTINUING OPERATIONS FOR THREE MONTHS ENDED NOV 30, 2018 (Q1'2019) OF $12.4 MILLION, UP 419 PERCENT FROM Q1 2018

* REPORTED NET INCOME FROM CONTINUING OPERATIONS WAS $29.5 MILLION, OR $0.195 PER SHARE ON A DILUTED BASIS, FOR Q1'2019

* EXPECTS NET REVENUE FOR Q2 TO BE AT LEAST TWICE THAT OF Q1

* BUDGET FOR PHASE 4 OF MONCTON CAMPUS EXPANSION HAS INCREASED FROM ORIGINAL $110 ESTIMATE TO $120 TO $125 MILLION

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