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Organigram Closes Second Tranche of Strategic Equity Investment by BT DE Investments Inc.

Sep 03, 2024almost 2 years ago

Contract Type

partnership

CanadaAgriculture and FarmingCannabis

Description

Organigram Holdings Inc. has closed the second tranche of a previously announced C$124,559,674 follow-on strategic equity investment by BT DE Investments Inc., a wholly owned subsidiary of British American Tobacco plc. The investment is being used to fund a strategic investment pool named 'Jupiter' to accelerate Organigram's international growth ambitions.

Company Information

Company

Organigram Holdings

Location

Canada

About

Organigram Holdings Inc. is a NASDAQ Global Select Market and TSX listed company whose wholly owned subsidiaries include Organigram Inc. a licensed producer of cannabis, cannabis-derived products and cannabis infused edibles in Canada. Organigram is focused on producing high-quality cannabis for patients and adult recreational consumers, as well as developing international business partnerships to extend its global footprint. Organigram has also developed and acquired a portfolio of legal adult-use recreational cannabis brands, including Edison, Holy Mountain, Big Bag O’ Buds, SHRED, SHRED’ems, Monjour, Laurentian, Tremblant Cannabis and Trailblazer. Organigram operates facilities in Moncton, New Brunswick and Lac-Supérieur, Quebec, with a dedicated edibles manufacturing facility in Winnipeg, Manitoba. The Company is regulated by the Cannabis Act and the Cannabis Regulations (Canada).

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