— Organigram Holdings Inc. (NASDAQ: OGI) reported a net loss from continuing operations of $9 million for the first quarter of 2020, vs. a profit of $29.5 million last year.
— Loss per share was $0.006, compared to earnings per share of $0.195 per share in the year-ago period
— First-quarter net revenues more than doubled to $25.15 million from $12.44 million last year
— Gross margin, before fair value changes to biological assets and inventories, rose to $9.3 million from $8.8 million a year earlier
— Adjusted EBITDA was $4.9 million during the three-month period, compared to $6.8 million in the first quarter of 2019
— Expects to start shipping Edison + Feather ready-to-go distillate pens before the end of January 2020
— Plans to launch cannabis-infused dissolvable powder product in the second quarter of calendar 2020