Agriculture
Cannabis company Organigram reports Q1 profit as revenue and margins improve
2 minute read Thursday, Jan. 12, 2023TORONTO - Organigram Holdings Inc. reported a profit in its latest quarter compared with a loss a year earlier as its revenue and margins improved.
The cannabis company says it earned net income of $5.3 million for the quarter ended Nov. 30 compared with a loss of $1.3 million in the same quarter a year earlier.
Net revenue for what was the first quarter of the company's 2023 financial year totalled $43.3 million, up from $30.4 million a year earlier.
The company says the increase was primarily due to gains in adult-use recreational and international revenue, partly offset by a drop in medical sales.
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Months-long saga of runaway cattle in Quebec comes to an end with weekend capture
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Authorities say about 60 containers of bull sperm were stolen from a farm in the town of Olfen, 90 kilometers (56 miles) northeast of Cologne, late Monday or early Tuesday.
Police said in a statement Wednesday that while it's unclear how the rustle happened, the precious cargo needs to be supercooled with liquid nitrogen at –196 Celsius degrees (–320 Fahrenheit) so it isn't spoiled.
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