Organigram Holdings Inc. (OGI), a medical cannabis provider, Tuesday reported net loss of $22.96 million for the first quarter, higher than $15.75 million loss in the same quarter a year ago, primarily impacted by higher fair value loss recognized related to top-up-rights of British American Tobacco (BAT).
Revenue for the quarter increased 17 percent to $42.73 million from $36.46 million in the same prior year period, mainly due to growth in recreational cannabis sales and international sales, as well as contributions from Motif sales.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.