- Organigram, one of Canada’s first cannabis stocks, is announcing an overnight marketed public offering of units for up to C$25 million
- The offering seeks to capitalize on a sector-wide bump in cannabis stocks after Germany’s passing of legislation to legalize recreational cannabis beginning April 1
- Organigram is a licensed producer of cannabis flower, edibles and other derived products for the Canadian recreational and medical markets
- Organigram stock has given back 17.15 per cent year-over-year, and has lost 92.08 per cent of its value over the past five years
Organigram (TSX:OGI), one of Canada’s first cannabis stocks, is announcing an overnight marketed public offering of units for up to C$25 million.
The company intends to use the net proceeds for growth initiatives and general corporate purposes.
ATB Securities will serve as lead underwriter, on behalf of…
