OrganiGram Holdings (TSE:OGI) has released an update.
OrganiGram Holdings Inc. has successfully closed an underwritten public offering, raising approximately C$28.75 million through the sale of 8,901,000 units, which include common shares and warrants. The offering, initially aiming for C$25 million, also fully exercised an over-allotment option, reflecting strong investor interest. Proceeds from the offering are earmarked for growth initiatives and general corporate purposes, indicating a positive outlook for the company’s expansion plans.
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