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Organigram Closes Second Tranche of Strategic Equity Investment by BT DE Investments Inc.
Sep 03, 2024•almost 2 years ago
Contract Type
partnership
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.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months