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Why Organigram Holdings Stock Is Plummeting Today

Keith Noonan, The Motley Fool
Updated ·2-min read
Why Organigram Holdings Stock Is Plummeting Today

Organigram (TSX: OGI) stock is seeing big sell-offs in Wednesday's trading. Organigram published results for the second fiscal quarter after the market closed yesterday, and sales in the period fell significantly short of the market's expectations. While revenue in the period increased roughly 24% year over year to reach 39.5 million Canadian dollars, the average analyst estimate had called for sales of CA$43.6 million, and the shortfall has contributed to a big pullback for the stock.

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