OrganiGram Holdings Inc T.OGI

Remember $125 Million raised at $3.22 per share !!

[1hot-techwoman]

Dont give away your shares people!! $$$

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

[1hot-techwoman]

HOLD TIGHT !!!

[1hot-techwoman]

Bat pays $3.22 per share... Looking at buying more here at $2.60 !! Plus liking the target from Jefferies for $4.40 CDN :) GLTA

[geodcan]

I have resisted my fomo urges with OGI so far despite the BAT investment. OGI seems to be a falling star Canadian based potpreneur after it's glowing intentions that were reflected in it's run-up of shareprice. I do own WEED, TLRY, ACRG and a couple of other Canadian hopefuls for American Federal legalization and feel the protectionism of the bona fide US MSOs that haven't been hit

[srtman03]

100% 

[Oldweed]

Yep, but I also remember the 4 Billion STZ invested in CGC! Albeit BAT has taken a more conservative approach nothing is ever 100%!

[srtman03]

yes but OGI is better managed than WEED !! Losess are no where near the losses at Canopy....OGI might even turn profitable next Q ??? Short positions for WEED are massive unlike OGI....whats that tell you? Just sayin....if you like Canopy go buy them for $3.99 GLTA

[Oldweed]

I am not promoting Canopy, nor was  I critisizing OGI, I was simply pointing out that nothing is certain (100%). We are all stuck waiting on incompetent politicians to simply do there job and stop behaving like children. OGI is by far one of the better choices in Canada along with HITI, I would not touch another Canadian company. As for WEED, that is an MSO in waiting now, they have little

[srtman03]

No worries....fair enough !

[1hot-techwoman]

Thank you :)

[1hot-techwoman]

Adding more at $2.59 :)