So let me ask you this Duster why would you think it will go lower after Q2 financials? Another question is why would there be almost $150 Million raised at $3.23 if they thought the financials were going to be bad going forward? Makes no sence. They obviously had to sit down with the company before any deals were nogotiated? On the almost 39 Million shares purchased they have lost about $29 Million dollars at todays price ! So let me ask you...are you smarter than the people that put this deal together? :)
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 I
nvestor 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
The second one as well did the same !! Did they put out $25 Million at $3.23 per share because they thought thing are going to get worse for the company going forward into Q2?? Legitimate questions :)
Organigram Announces Pricing of Overnight Marketed Public Offering
Wednesday, March 27, 2024, 8:56 AM ET
TORONTO--(BUSINESS WIRE)--March 27, 2024--
Organigram Holdings Inc. ("Organigram" or the "Company") (TSX: OGI; NASDAQ: OGI), announces today that, in connection with its previously announced overnight marketed public offering of units of the Company (the "Units"), it has entered into an underwriting agreement with
ATB Securities Inc., as lead underwriter, on behalf of itself and a syndicate of underwriters to sell 7,740,000 Units at a price of C$3.23 per Unit (the "Offering Price") for total gross proceeds of approximately C$25 million (the "Offering")