OrganiGram Holdings (TSE:OGI) has released an update.
Organigram Holdings Inc. is set to raise roughly C$25 million through an overnight marketed public offering of units, which will include common shares and warrants. With the offering expected to close on April 2, 2024, the company plans to use the proceeds for growth initiatives and general corporate purposes, eyeing accretive acquisitions and investments in the cannabis and hemp markets. The offering terms will be finalized in the market context, with additional units potentially available through an over-allotment option for underwriters.
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