Announced today that on February 28, the Company closed the third and last of three tranches of the previously announced C$124,559,674 follow-on strategic equity investment by BT DE Investments Inc., a wholly owned subsidiary of British American Tobacco plc. Pursuant to the Third Tranche closing, the Investor acquired 7,562,447 common shares and 5,330,728 Class A preferred shares of the Company at a price of C$3.2203 per Share for gross proceeds of USD$28,955,918.44 (equal to C$41,519,891). Organigram Holdings Inc. shares T.OGI are trading down $0.01 at $1.66.
Stocks in play: Organigram Holdings Inc.
Baystreet.ca - Baystreet - Contributor Content
This article could contain syndicated content. We have not reviewed, approved, or endorsed the content and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here
/Technology%20abstract%20by%20TU%20IS%20via%20iStock.jpg)
/Quantum%20Computing/A%20concept%20image%20with%20a%20brain%20on%20top%20of%20a%20blue%20circuit%20board_%20Image%20by%20Gorodenkoff%20via%20Shutterstock_.jpg)