Marijuana company Origin House posted revenue of 21.4 million Canadian dollars ($16 million) in the second quarter, a sixfold increase over the CA$3.5 million ($2.6 million) it reported for the same period a year ago.
But the Ottawa-based company’s losses totaled CA$34.9 million ($26.2 million) for the quarter ending June 30, compared with a profit of CA$9.3 million ($7 million) in the same three-month period of 2018.
The transaction still is under review by U.S. antitrust officials.
Origin House trades on the Canadian Securities Exchange (CSE) under the ticker symbol OH and on the U.S. over-the-counter market as ORHOF.
For more details about Origin House’s earnings report, click here.
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