Organigram Global Inc. Common Shares
OGIOrganigram Holdings Inc. is a Canadian licensed producer of recreational and medical cannabis, focusing on high-quality, organic cultivation. The company specializes in producing a range of cannabis products, including dried flower, oils, and extracts, primarily for the Canadian market. Founded in 2013, Organigram emphasizes sustainable practices and innovative cultivation techniques to deliver premium cannabis products.
Company News
Organigram Global announced a proposed acquisition of Sanity Group, a German cannabis company, for €113.4 million upfront plus up to €113.8 million in earnout consideration. The deal aims to establish Organigram as a global cannabis pure-play with significant European market presence. Funding will come from cash on hand, a new credit facility...
OrganiGram's stock surged 15% after former President Trump's social media post suggesting potential health benefits of cannabis and a possible shift in federal drug policy, boosting optimism in the cannabis industry.
The DEA is accused of bias in the cannabis rescheduling hearings, leading to a plunge in weed stocks in 2024 as the process drags on. A DEA judge has ordered the agency to respond to allegations of improper communications with opponents of cannabis reform.
Organigram Holdings Inc. announced the acquisition of Motif Labs Ltd. for CA$90 million, solidifying its position as Canada's largest cannabis company by market share. The deal enhances Organigram's capabilities and expands its presence nationwide, positioning it for international growth.
Village Farms, a NASDAQ-listed cannabis company, is focused on growing its international business, particularly in Germany, Australia, and the UK. The company's sales margins are recovering, and it plans to prioritize its branded domestic cannabis business and international sales.
