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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

Post by 1hot-techwomanon Jun 26, 2024 1:26pm
119 Views
Post# 36107331

OGI invest in Germany!! As per Globe n Mail $$$$$

OGI invest in Germany!! As per Globe n Mail $$$$$

Globe says Organigram increases holdings in Europe

2024-06-26 08:26 ET - In the News

The Globe and Mail reports in its Wednesday edition that Organigram Holdings has taken a minority stake in European cannabis company Sanity Group through a $21-million investment. A Canadian Press dispatch to The Globe quotes the Moncton-based cannabis producer saying that it may eventually advance another $4.5-million to Sanity through an unsecured convertible note, which made up the bulk of its initial investment. The investment is meant to help Organigram capitalize on the recent legalization of cannabis in Germany, where Sanity is based and holds a roughly 10-per-cent share of the medical marijuana market. The arrangement could also see the companies deepen their presence in Switzerland, where Sanity is involved in a recreational pot pilot and is expected to invest in distribution channels. The investment expands on a 2023 agreement that saw Organigram supply Sanity with medical cannabis for distribution across the market. Organigram will now be able to appoint a representative to Sanity's board. The company's shares closed Tuesday at $2.02, down 14 cents on the Toronto Stock Exchange.

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