Organigram Holdings Inc. (
TSE: OGI)
issued a corporate update Tuesday announcing it has completed its at-the-market (ATM) equity program and that it is revisiting one of its newly-launched brands.
OGI said it issued about 21 million shares, raising an additional $49 million in new capital. It also plans to change the brand and logo behind its "Trailer Park Buds" offering to better comply with restrictions on marketing cannabis in Canada.
Organigram also said it will continue to monitor a class action lawsuit filed against the company that alleges the THC content in its products is not accurate. The action is yet to be certified and it "does not particularize the claims against Organigram or the other companies," the company said in a prepared statement.
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