Including over-allotment Company raises C$28.8 million in gross proceeds improving already strong balance sheet
TORONTO--(BUSINESS WIRE)--April 02, 2024--
Organigram Holdings Inc. ("Organigram" or the "Company") (TSX: OGI; NASDAQ: OGI) announces today the closing of its previously announced underwritten public offering of units of the Company (the "Units") for total gross proceeds of
C$28,750,230 (the "Offering"). The Company sold 8,901,000 Units at a price of C$3.23 per Unit, which included 1,161,000 Units sold pursuant to the exercise in full of the Underwriters' over-allotment option 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.