OrganiGram Holdings Inc T.OGI

Alternate Symbol(s): OGI

Organigram Holdings Inc. is focused on producing cannabis for patients and adult-recreational consumers, as well as developing international business partnerships to extend the Company's global footprint. The Company, through its subsidiary, Organigram Inc., is a licensed producer of cannabis, cannabis- derived products and cannabis infused edibles in Canada. It has also developed and acquired 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 specializes in vape and infused pre-roll categories backed by a portfolio of owned brands, including the BOXHOT brand. Its products include pre-milled flower, pre-rolls, weed gummies, shred x vapes, and extracts. It operates facilities in Moncton, New Brunswick and Lac-Superieur, Quebec, with a dedicated edibles manufacturing facility in Winnipeg, Manitoba. Its subsidiaries also include 10870277 Canada Inc.

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OrganiGram Holdings Inc

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Post by jfogarty12on May 29, 2020 6:01pm

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OK FOR $$$ CASH

Organigram restructures debt deal with BMO, lenders

Organigram Holdings said Friday it struck a deal with the Bank of Montreal to modify the terms of some of its debt. Organigram has a $115-million term loan and $25-million credit facility with BMO as well as three other lenders, the company said in a statement. The new agreement extends the final draw deadline for the term loan to the end of July, adjusts certain financial ratios the company needs to adhere to, and removes the option to increase the loan by an additional $35 million. Raymond James analyst Rahul Sarugaser said in a report that Organigram will remain "unhindered" by the new lender adjustments given the company's "very positive current trajectory."

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