RE:Organigram Announces $100 Million Bought Deal FinancingNo, I’m not. I suspect money raised will be primarily used for growth expansion but that does not necessarily mean Canadian base marijuana market (expected to be legalized this summer). Most likely the next focus of Canadian market will be the edibles market which is expected to be legalized next summer. The edibles market will be much larger than the base marijuana market of around $8 billion in Canada.
Although the market of focus now is in Canada for North Americans but the “true” money is actually outside of Canada. Europe, Australia, and other countries in South America will also be legalizing medicinal marijuana, and the marijuana market is expected to be in the tens of billions.