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Cannabis producer Organigram Holdings聽 TSX:OGI NASDAQ:OGI stock suffered a 12% decline on Tuesday after the pot firm released poor fiscal first-quarter 2021 financial results. Among other shortcomings, investors in Organigram stock dislike the company 23% year-over-year decline in quarterly net revenue. That was a horrible performance, of course, but should the market punish the cannabis stock on this data point Organigram in persistent revenue underperformance Gross revenue for fiscal Q1 2021, at $25.3 million, was 11% lower than com
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stanley flask lion, showed a worse 23% one-year decline. Falling average selling prices contributed to the weakness. However, we can trace the negative growth t
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stanley thermos ided on June 7. As of this writing, senators are set to hold a vote on cannabis legislation on the same night. If the bill is passed, it will head to the House of Commons for final approval. If it does not pass, we may be headed for a disappointing delay that could stretch into the fall and winter months.In early 2017, the market research firm Arcview and its research partne
stanley water bottle r BDS analytics released global growth projections for the cannabis industry. The report estimated that spending on legal cannabis worldwide will hit $57 billion by 2027. It expects the adult-use recreational market to make up 67% of spending with medical cannabis making up the remaining 33%.The report projects that North America will be the largest consumer, growing from $9.2 billion in 2017 to $47.3 billion in 2027. In the U.S. and Canada, recreational sales are expected to power growth. Europe will boast the largest medical cannabis market in the world wi
