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

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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. Organigram's deal to purchase Motif Labs Ltd.

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.

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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