OrganiGram Completes Multi-Million Dollar Offering
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OrganiGram Completes Multi-Million Dollar Offering

OrganiGram Holdings (TSE:OGI) has released an update.

OrganiGram Holdings Inc. has completed a public offering, raising C$28.8 million to bolster its balance sheet and fund future growth initiatives. The offering involved the sale of over 8.9 million units at C$3.23 each, including full utilization of an over-allotment option. The proceeds are earmarked for expanding the company’s cannabis production and general corporate purposes.

For further insights into TSE:OGI stock, check out TipRanks’ Stock Analysis page.


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