Wednesday, October 8, 2025

Latest

Organigram Announces $49.0 Million At-The-Market Program

Organigram Holdings (TSX: OGI) (NASDAQ: OGI) this morning announced a new at-the-market program to help bolster it’s cash reserves amid increasing liquidity needs.

The new ATM program is capped at C$49.0 million, which is slightly less than the C$55.0 million program that the company had announced in December 2019. The company revealed within its latest financial release that it had already consumed that entire program, despite listing an overall cash position of just $41.0 million.

Organigram’s at the market program will expire December 25, 2021 at the latest, however given the speed at which the company churned through its last program it will likely be completed much sooner. The funds generated from the offering will be utilized to fund capital projects, general corporate purposes, and to repay indebtedness. Notably, the company was in violation of certain covenants as of the last financials, with the waivers in place valid until May 30. This latest program is likely an attempt by the firm to get this issue corrected.

Organigram Holdings last traded at $1.55 on the Nasdaq.


Information for this briefing was found via Sedar and Organigram Holdings. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Organigram Signs Israeli Cannabis Supply Agreement With Canndoc

Organigram Holdings (TSX: OGI) (NASDAQ: OGI) this morning announced that it has entered a supply...

Tuesday, June 9, 2020, 09:30:50 AM

Organigram: Haywood Raises Estimates Betting On Increased Market Share

On January 11th, Organigram Holdings (TSX: OGI) issued its second fiscal quarter earnings for 2022....

Saturday, January 15, 2022, 11:09:00 AM

Organigram Reports Q3 Revenues Of $20.3 Million, $4.0 Million Net Loss

Organigram Holdings (TSX: OGI) (NASDAQ: OGI) this morning reported its third quarter 2021 financial results....

Tuesday, July 13, 2021, 08:39:45 AM

Organigram Lays Off 400 Employees Due To COVID-19

Organigram Holdings (TSX: OGI) (NASDAQ: OGI) has laid off 45% of its workforce which represents...

Monday, April 6, 2020, 08:10:53 PM

Hexo Corp Is Setting Up An At-The-Market Offering

Hexo Corp (TSX: HEXO) (NYSE: HEXO) held its conference call for its first quarter 2020...

Monday, December 16, 2019, 10:50:13 AM