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.