Investors were overjoyed when Organigram reported a surprise 51% sequential growth in quarterly revenue in the three months to May 31, 2021. Net revenue grew by 39% quarter over quarter to $20.3 million, as recreational cannabis sales soared 40% higher sequentially. Investors in OGI stock welcomed the company's narrowing operating losses and improvements in adjusted EBITDA. It's evident that the company has stopped a revenue decline trend that had emerged lately. However, some significant problems still remain.