Organigram (OGI) Announces $60 Million Underwritten Public Offering

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Organigram Announces $60 Million Underwritten Public Offering

November 10, 2020 7:09 AM EST

MONCTON, NB, Nov. 10, 2020 /PRNewswire/ - Organigram Holdings Inc. (NASDAQ: OGI) (TSX: OGI), the parent company of Organigram Inc. (the "Company" or "Organigram"), a leading licensed producer of cannabis, announced today an underwritten public offering of units of the Company (the "Units") whereby a syndicate of underwriters, led by Canaccord Genuity Corp., has agreed to purchase 32,500,000 Units from the Company at a price of C$1.85 per Unit, for total gross proceeds of C$60,125,000 (the "Offering").

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