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Top News In சமையல் உட்செலுத்துதல் கார்ப் Today - Breaking & Trending Today

1 Top Canadian Pot Stock to Buy on Sale


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Organigram Holdings (TSX:OGI)(NASDAQ:OGI) is a top Canadian pot stock that is currently trading at a discount. The company reported lower revenue in the second quarter, but sales are expected to improve in the third quarter.
Organigram missed estimates in Q2 2021
Organigram posted second-quarter revenue below analyst expectations. The pot company’s net revenue was $14.6 million in the second quarter of 2021 compared to $23.2 million in the same quarter a year earlier. Organigram missed analysts’ estimates of $19.1 million. Q2 2021 net revenue decreased compared to Q2 2020 mainly due to a significant drop in wholesale revenue and a lower average selling price in Q2 2021. ....

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British American Tobacco (BTI) - Organigram Reports Q2 Results: What Cannabis Stock Investors Need To Know


Organigram Holdings Inc. (NASDAQ:OGI) (TSX:OGI) reported Tuesday that gross revenue decreased by 29% year-over-year to roughly CA$19.3 million ($15.4 million) in the second quarter of fiscal 2021.
Net revenue also declined over the same period, from CA$23.2 million to CA$14.6 million, the Moncton, New Brunswick-based company said in a statement. 
The second-quarter results were challenged by industry dynamics, COVID-19 and staffing limitations at our facility,  CEO Greg Engel said in a statement. 
Yet there are excellent prospects ahead for the industry, Organigram and our shareholders, he added.
Organigram Financial Highlights
The second-quarter gross margin came in negative, at CA$17.2 million, representing a year-over-year decrease of 252% from the positive CA$11.3 million reported in the same quarter last year. ....

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ALEAFIA HEALTH INC ORD by Aleafia Health Inc. (ALEAF), Canopy Growth Corp (CGC), Cansortium (CNTMF), CURALEAF HLDGS INC by Curaleaf Hldgs Inc. (CURLF), IMC MORTGAGE CO (IMCC), MERCER PRK BRD AQ CL A by MERCER PARK BRAND ACQUISITION CORP. (MRCQF), Planet 13 Holdings (PLNHF), Supreme Resources (SPRWF), S&P Dep Receipts (SPY), Verano Holdings (VRNOF) - The Week In Cannabis: Glass House, Canopy, Curaleaf, Trulieve, Virginia And More


Special purpose acquisition company
Glass House Group for $567 million.
The deal implies a $1.024-billion equity valuation and an approximate enterprise valuation of $691 million.
Curaleaf Holdings, Inc. (CSE:CURA) (OTCQX:CURLF) purchased European operator EMMAC Life Sciences. The U.S.-based company agreed to pay $50 million in cash and 17.5 million in stock worth roughly $260 million.
In addition, Curaleaf teamed up with an institutional investor to secure $130 million in financing for further expansion of Curaleaf International.
Meanwhile,
Canopy Growth Corporation (TSX:WEED) (NASDAQ:CGC) announced it will buy
The Supreme Cannabis Company, Inc. (TSX:FIRE) (OTCQX:SPRWF) for about CA$435 million ($345.7 million). ....

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