Why OrganiGram Holdings Stock Dropped Today

Howard Smith, The Motley Fool
·2-min read
Why OrganiGram Holdings Stock Dropped Today

OrganiGram Holdings (NASDAQ: OGI) reported its fiscal second-quarter 2021 results this morning, and the stock initially dropped 12% on the report. The decline quickly eased, however, with shares trading about 2% lower than Monday's close as of 10:20 a.m. EDT. OrganiGram CEO Greg Engel noted the business was "challenged by industry dynamics, COVID-19 and staffing limitations at our facility."