Organigram says $90M Motif deal will give it largest share of Canada's pot market

📆 06/12/2024 19:47:00
📰 BNNBloomberg

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Organigram Holdings Inc. says a $90-million deal to buy a cannabis vapes and infused pre-rolls business has made Organigram Canada’s largest recreational pot company by market share.

Tara Deschamps, The Canadian PressDirector of Institutional Research in Life Sciences at ATB Capital Markets Frederico Gomes shares his outlook for the U.S. cannabis sector.

Motif shareholders will be entitled to receive an additional $10 million worth of shares, if Organigram achieves certain benchmarks within a year of the transaction closing. Organigram is based in Moncton, N.B., and is behind the Shred, Trailblazer, Big Bag O' Buds and Edison Cannabis Co. brands.

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Organigram says $90M Motif deal will give it largest share of Canada's pot marketOrganigram Holdings Inc. says a $90-million deal to buy a cannabis vapes and infused pre-rolls business has made Organigram Canada’s largest recreational pot company by market share. Organigram's deal to purchase Motif Labs Ltd.
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