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

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Post by insidersnoop1on Apr 23, 2019 9:19pm

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Post# 29662503

115$ M in debentures replaced by 140$ M term loan

Shares were issued to repay Debentures. Will another 140$ M of shares be issued eventually to pay the new loan ?

See BALANCE SHEET with link below :

Quote :

Subsequent to quarter-end, Organigram signed an indicative term sheet with a Canadian Schedule 1 chartered bank, as arranger and lead lender and, subject to the completion of due diligence and definitive loan documentation, expects to receive debt financing in the aggregate amount of approximately $140 million, which would include both a term loan to finance the Company’s ongoing expansion plans and revolving debt for general working capital and corporate purposes.
LINK :
https://www.thecannabisinvestor.ca/organigram-q2-net-revenue-surges-693-of-26-9-million/