organigram holdings inc ogi ogi the parent company of organigram inc released its results for the second quarter ended february 28 2022 key financial results for the q2 fiscal 2022   compared to the prior year net revenue increased 117 to ca318 million 2445 million from ca146 million in q2 fiscal 2021 the increase was primarily due to an increase in adultuse recreational revenue and international revenue partly offset by lower average net selling price due to product mix and a decrease in medical revenue   gross margin before fair value changes to biological assets inventories sold and other charges improved to ca69 million from negative ca165 million in q2 fiscal 2021 largely due to higher net revenue and lower cost of sales as described above   q2 fiscal 2022 adjusted ebitda improved to positive ca16 million compared to negative ca78 million in q2 fiscal 2021 primarily due to the increase in adjusted gross margins partially offset by the increase in sga expenses   q2 fiscal 2022 net loss was ca40 million compared to a net loss of ca664 million in q2 fiscal 2021 the reduction in the net loss is primarily due to the higher sales and gross margins in the current quarter “the culture of innovation and consumer focus we are building at organigram has enabled us to not only create brands that are embraced by consumers but continually innovate within those brands and across multiple product lines we expect that leveraging these brands will allow us to continue to drive market share” stated beena goldenberg ceo   organigram currently expects q3 fiscal 2022 revenue to be higher than q2 fiscal 2022   in addition the continuation of shipments to canndoc in israel and cannatrek in australia is expected to generate higher sequential revenue in fiscal 2022 as compared to fiscal 2021   the company also expects to realize additional revenue through the recent acquisition of laurentian and will make growthfocused capital expenditures at laurentian which have the potential to further increase ebitda generation organigram joins the pledge 1 movement to help local volunteer programs organigram gets additional caca63m investment from bat which raises its stake in the company to 195 organigram reports highest quarterly net revenue ever in q1 remains among top canadian cannabis lps