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Organigram Enters U.S. Through Acquisition of Collective Project Beverages

1. Organigram acquires Collective Project Limited for C$6.2 million upfront. 2. Total acquisition cost may reach C$30.2 million with potential payments.

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$1.020104/02 02:43 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition aligns with OGI's growth strategy, which has historically led to improved market performance. Similar past acquisitions have contributed positively to valuation increases, suggesting favorable market sentiment.

How important is it?

The acquisition is likely to enhance OGI's operational capabilities and market standing, thus influencing investor confidence. Given OGI's position as the leading Canadian cannabis company, significant impacts could ripple throughout the cannabis market.

Why Long Term?

This acquisition could strengthen OGI's market position over time, especially as integration with CPL bears fruit. Historical trends show that strategic acquisitions can elevate market share and revenue in the cannabis sector over several quarters.

Related Companies

CPL
TORONTO--(BUSINESS WIRE)--Organigram Global Inc. (NASDAQ: OGI) (TSX: OGI), (the "Company" or "Organigram"), Canada's #1 cannabis company by market share, is pleased to announce the acquisition of 100% of the issued and outstanding shares of Collective Project Limited (“CPL”) for upfront consideration of approximately C$6.2 million, potential milestone payments and potential earnout payments totaling in the aggregate up to C$24M for the twelve-month periods ending September 30, 2025 and Septembe.

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