OrganiGram Holdings Inc T.OGI

Alternate Symbol(s): OGI

Healthcare Cannabis

Organigram Holdings Inc. operates through its subsidiaries. The Company’s major wholly owned subsidiaries include Organigram Inc., 10870277 Canada Inc., The Edibles and Infusions Corporation (EIC), and Laurentian Organic Inc. (Laurentian). Organigram Inc. is a licensed producer (LP) of cannabis, cannabis-derived products and cannabis infused edibles in Canada. It is focused on producing cannabis for patients and adult recreational consumers, as well as developing international business partnerships. It has also developed and owns 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. It operates facilities in Moncton, New Brunswick and Lac-Superieur, Quebec, with a dedicated edibles manufacturing facility in Winnipeg, Manitoba. 10870277 Canada Inc. is a special purpose holding company for the Company. EIC is a cannabis processor of confectionary goods.

TSX:OGI - Post by User

OrganiGram Holdings Inc > Now I know why BAT invested $124.5 Million at $3.22 share :)

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Comment by srtman03on Mar 23, 2024 3:48pm

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Post# 35948970

RE:Now I know why BAT invested $124.5 Million at $3.22 share :)

1hot-techwoman wrote: These guys are not stupid and know where OGI is going !!! There investment will pay off HUGE !! $$ and like I said they will be laughing all the way to the bank when it comes to there 2nd and 3rd investment on Aug 30/2024 and Feb 28/2025 at $3.22 !!!

OGI just 5 years ago was $40.00 per share FWIW !!! Im liking the future Im seeing with this company :)

Organigram Announces the First Tranche Closing from BAT Investment

Wednesday, January 24, 2024, 6:00 AM ET
 TORONTO--(BUSINESS WIRE)--January 24, 2024-- 
Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), (the "Company" or "Organigram"), a leading licensed producer of cannabis, announced today that it has closed the first of three tranches of the previously announced C$124,559,674 follow-on strategic equity investment (the "Investment") by BT DE Investments Inc. (the "Investor"), a wholly owned subsidiary of British American Tobacco plc ("BAT"). Pursuant to the first tranche closing, the Investor acquired 12,893,175 common shares of the Company at a price of C$3.2203 per share (the "Per Share Price") for gross proceeds of C$41,519,891. The remaining 25,786,350 shares subscribed for shall be issued at the Per Share Price in two further equal tranches on or around August 30, 2024 and February 28, 2025.