Financial Wire

Organigram Closes the 107.3-Million Acquisition of Germany's Sanity Group

-- Organigram Holdings (OGI.TO) on Wednesday said it closed its 107.3-million euro acquisition of Sanity Group GmbH.

The cannabis company said the purchase price consisted of 78.0-million euros in cash and 29.3-million euros in shares.

In connection with the closing, Organigram also closed a 40.3-million euros private placement with BT DE Investments, a subsidiary of British American Tobacco, as well as its senior secured credit facilities of up to C$60 million.

Shares of the company were last seen up $0.11 at $2.09 on the Toronto Stock Exchange on Wednesday.

Price: $2.09, Change: $+0.11, Percent Change: +5.56%

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