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.

TSX:OGI - Post by User

OrganiGram Holdings Inc > This is a GIFT at this level of $2.51 !! Bat pays $3.22 !!!

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Comment by 1hot-techwomanon Jan 25, 2024 9:52am

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RE:This is a GIFT at this level of $2.51 !! Bat pays $3.22 !!!

1hot-techwoman wrote: BAT see a great future for OGI paying a 30% priemium to open market !! Not time to be selling :)

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.

Rest assured by Aig 30 2024 the share price will be much higher than $3.22 !! Take that to the bank !!