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Monday, 11/06/2023 12:46:11 PM

Monday, November 06, 2023 12:46:11 PM

Post# of 11305
Nice news on OGI/BAT is driving today. Glad I'm still holding.

https://www.benzinga.com/markets/cannabis/23/11/35617810/69b-tobacco-giant-supports-cannabis-with-91m-investment-in-toronto-weed-producer

What Happened
Subject to the receipt of certain regulatory approvals, approval from Organigram’s shareholders and other conditions, BAT will subscribe for 38,679,525 shares for CA$3.2203 per share, for gross proceeds of CA$124.6 million across three tranches.

The majority of the CA$83.1 million will be used by Organigram to create a strategic investment pool, named Jupiter. The remainder of CA$41.5 million of the investment will be used for general corporate purposes.
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  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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