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

📆 12/6/2024 5:47 PM
📰 BNNBloomberg

⏱ Reading Time:
16 sec. here
4 min. at publisher
📊 Quality Score:
News: 17%
Publisher: 50%

Business News

Health,Pharma

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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

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.
Source: SooToday - 🏆 8. / 85 Read more »