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Business

Henry Khederian

Here's Why OrganiGram Shares Are Rising

Organigram Nasdaq OrganiGram Holdings OrganiGram Holdings Inc

OrganiGram Holdings Inc (NASDAQ:OGI) shares are trading higher by 8.72% at $1.62 during Tuesday's pre-market session after the company reported better-than-expected second-quarter sales results and said it expects third-quarter sales to be higher than second-quarter 2022.

OrganiGram reported quarterly sales of $31.80 million which beat the analyst consensus estimate of $25.79 million by 23.30%. This is a 176.83% increase over sales of $11.49 million in the same period last year.

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