Please note that we have raised the minimum quarterly revenue several times as the industry has scaled up, including from US$10.0 million in November 2020, US$7.5 million in June 2020, US$5.0 million in October 2019 and US$2.5 million in May 2019.
dollars and 8 in the Canadian currency, which is one more than when we reported a month ago.
We note that often operating income can include one-time items like stock compensation, inventory write-downs or public listing expenses, and we recommend that readers understand how these non-cash items can impact quarterly financials.
In July, KushCo Holdings of the legacy Tilray financials due to the timing of the close of the merger.
HEXO Corp, on the other hand, saw revenue grow only 2% compared to a year ago as it slipped out of the Canadian Cannabis LP Tier 1 Index.
Organigram is expected to see revenue increase only modestly from fiscal Q2, with the projected C$16.45 million representing a decline of 9% from a year ago.
For our readers who are interested in staying on top of scheduled earnings calls in the sector, we have have created and continually update the Cannabis Investor Earnings Conference Call Calendar.